Report: 96% of NFTs are considered "dead", over 43% of NFT holders are in a loss

Foresight News reports that, according to the latest report from NFTevening, the NFT market is facing a severe crisis. 96% of NFTs can be considered "dead", meaning these NFTs have almost no trading volume, extremely low sales in 7 days, and virtually no presence on social media. The report analyzed over 5,000 NFT collections and 5 million transactions and found that more than 43% of holders have suffered losses with an average investment return rate dropping by 44.5%. In addition, the average lifespan of an NFT is only about 1.14 years which is significantly shorter than traditional cryptocurrency projects.