It occurs when assets on the Internet are processed into the blockchain. NFTs, has taken 2021 and 2022 by storm. Millions of investments have been made in these digital assets from many places, from household names to giant corporations. However, as time went on, NFTs became less popular and their value began to disappear.

Now, new research has been done on NFTs. dappGambl’s research, which analyzed tens of thousands of collections, found that virtually all NFTs had their value reset.

More than 73 thousand collections were examined, of which 95% were found to be worthless.

dappGambl examined 73 thousand 257 NFT collections in its analysis. As a result of this The market value of 69 thousand 795 is 0 ETH That turned out to be the case. So about 95% of these collections are currently worth $0. Additionally, the study found that more than 79% of NFT collectibles remain unsold, meaning there is no demand to meet supply. However, this ratio may not be reliable; Because anyone who wants can create their own NFT.

The study also examined the 8,850 NFT collections that are the most popular by market capitalization. of this 18% of the value is 0 It turned out to be. It was revealed that 41% had a value ranging from $5 to $100.

The share of these popular collections is worth more than 6 thousand dollars less than 1%. Considering that millions of dollars were paid for NFTs in 2021 and 2022, we can see that this percentage is quite low.

dappGambl’s research is another indicator of the major loss in value of NFTs, for which many famous people, from Justin Bieber to Eminem, from Stephen Curry to Snoop Dogg, have paid millions. In 2021 and 2022, the transaction volume of these assets amounted to $2.8 billion. However, in recent months this number has fallen to 80 million.