Based on the analysis of 5,000 collections and 5 million transactions of non-fungible tokens, NFT Evening specialists came to the conclusion to conclusionthat 96% of them are dead.
Experts included NFTs with zero sales volumes, low sales during the week, and no project activity in X in this category. According to these criteria, the trend of collectible asset death peaked in 2023 – more than 30%.
The average lifespan of an NFT is 1.14 years, which is 2.5 times shorter than that of traditional crypto projects.
They estimate that over 43% of NFT holders are at a loss. On average, investments in assets have lost 44.5% of their value.
In this context, NFT Evening noted that the most profitable collection on the market is Azuki. Investments in it increased by 2.5 times.
In contrast, NFT owners of the most unprofitable collection, Pudgy Penguins, faced a loss of 97% of their investments.
In August, the owner of the most expensive CryptoPunk #5822, Deepak Thapliyal, sold the token that he purchased in 2022 for $23.7 million. The alleged buyer said that the asset cost him ~$3.9 million.
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Source: Cryptocurrency
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