Experts Declare 96% of NFTs ‘Dead’

Experts from NFT Evening, after analyzing 5,000 collections and 5 million non-fungible token transactions, have concluded that 96% of them are dead.

This category includes NFTs with zero sales volumes, low sales over a week, and no project activity on X. According to these criteria, the trend of collectible asset demise peaked in 2023, exceeding 30%.

The average lifespan of an NFT is 1.14 years, which is 2.5 times shorter than that of traditional crypto projects.

“This reflects the highly speculative nature of non-fungible tokens, where rapid price fluctuations and the novelty of digital assets fail to sustain long-term value,” analysts noted.

According to their assessment, over 43% of NFT holders are at a loss. On average, investments in these assets have lost 44.5% of their value.

In this context, NFT Evening noted that the most profitable collection on the market is Azuki, with investments increasing 2.5 times.

“This success can be attributed to strong community engagement, unique artistic appeal, and effective marketing strategies,” experts believe.

Conversely, owners of the most unprofitable collection, Pudgy Penguins, faced a 97% loss on their investments.

Back in August, the owner of the most expensive CryptoPunk #5822, Deepak Thapliyal, sold the token he had purchased in 2022 for $23.7 million. The presumed buyer stated that the asset cost him approximately $3.9 million.