The market for NFTs has been steadily plummeting in recent months. So much so that most of these non-fungible tokens now have virtually zero value, according to a recent study
69,795 of the 73,257 NFT collections analyzed by DappGambl today have a market capitalization of... 0 ethereum.
Image: Justin Tallis / AFP©
It wasn't so long ago that NFTs were being heralded as a mini revolution in the worlds of art and finance and were regularly being snapped up for record sums. But the market for NFTs—blockchain-backed certificates of digital ownership—has been steadily plummeting in recent months. So much so that most of these non-fungible tokens now have virtually zero value, according to a recent study.