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95% of NFTs are Worthless: Report (petapixel.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 1 year ago (1 children)

This means that 79% of all NFT collections – otherwise known as almost 4 out of every 5 – have remained unsold

Anyone taking bets on how much of the remaining 21% were "sold" on paper only ie. wash traded? None of these statistics were ever reliable. Hundreds of thousands of NFT collections minted, almost all of them fishing for a single sucker to bite and make it worth the gas costs. It would probably be more useful to look only at collections officially associated with some already well-known brand/artist/celebrity.

[–] [email protected] 8 points 1 year ago (1 children)

It would probably be more useful to look only at collections officially associated with some already well-known brand/artist/celebrity.

The Trump NFTs sold 100%... not sure how useful is that.

[–] [email protected] 18 points 1 year ago

I honestly love that statistic. It's like a venn diagram of Trump screwing people over, people dumb enough to buy NFTs, and Trump supporters. It looks like this 🔴