96% of NFTs Are Considered Dead, Report Says

Following a remarkable boom in 2022, the hype surrounding non-fungible tokens (NFTs) is fading, with a recent report revealing that 96% of NFT collections are now considered dead. Researchers analyzed 5,000 NFT collections and tracked approximately 5 million transactions, examining metrics such as holder profitability, collection performance, and project longevity to reach this... source: https://beincrypto.com/nfts-are-considered-dead/