Joshua Farrell
Administrator (Profit Partner)
Staff member
Profit Partner
Gold Supporter
Novice Scribe
Registered Member
![CryptoCrest of Prosperity NFT [Ultra Rare]](/data/dbtechShop/itemIcons/0/6.jpg?1702364930)
- #1
Thread Owner
: Joshua Farrell
The unveiled reality of the NFT market: 95% of NFTs have a market cap of zero
One of the latest studies conducted on the NFT market highlighted that 95% of collections have a market cap of 0.
en.cryptonomist.ch
The bearish market has been affecting the whole crypto industry downside, but regards NFT niche, it has been worst. Almost all NFTs have a market cap of zero, meaning investors and adopters have completely lost interest for them after so much hype and excitment we saw during the year of 2021.
Does it mean NFT is a scam sector of crypto market, or is their concept good, but the execution of the projects are wrecking everything? Is it still possible for NFTs to recover their credibility?
