Recall when NFTs sold for millions of dollars? 95% of the digital collectibles may now be worthless.

[Yavin4]

Most NFTs may now be worthless, less than two years after a bull run in the digital collectibles.

A study examining more than 73,000 NFT collections found that 95% had a market cap of 0 ETH.

Out of the top collections, the most common price for an NFT is now $5-$100.

Are NFTs dead?

A recent study looking at the price of thousands of collections seems to suggest the answer is "yes."

A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether.

By their estimates, almost 23 million people hold these worthless assets.

https://finance.yahoo.com/news/remember-nfts-sold-millions-dollars-215646661.html

No better proof that the Fed's money tightening policies are working.