{"id":16686,"date":"2024-09-04T17:54:26","date_gmt":"2024-09-04T14:54:26","guid":{"rendered":"https:\/\/forklog.com\/en\/experts-declare-96-of-nfts-dead\/"},"modified":"2024-09-04T17:54:26","modified_gmt":"2024-09-04T14:54:26","slug":"experts-declare-96-of-nfts-dead","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/experts-declare-96-of-nfts-dead\/","title":{"rendered":"Experts Declare 96% of NFTs &#8216;Dead&#8217;"},"content":{"rendered":"<p>Experts from NFT Evening, after analyzing 5,000 collections and 5 million non-fungible token transactions, have <a href=\"https:\/\/nftevening.com\/are-nfts-dead-2024\/\">concluded<\/a> that 96% of them are dead.<\/p>\n<p>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%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2024-NFT-Report-Are-NFTs-Dead-Google-Chrome.webp\" alt=\"2024-NFT-Report-Are-NFTs-Dead-Google-Chrome\" class=\"wp-image-240427\"\/><figcaption class=\"wp-element-caption\">Data: NFT Evening.<\/figcaption><\/figure>\n<p>The average lifespan of an NFT is 1.14 years, which is 2.5 times shorter than that of traditional crypto projects.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis 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,\u201d analysts noted.<\/p>\n<\/blockquote>\n<p>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.<\/p>\n<p>In this context, NFT Evening noted that the most profitable collection on the market is Azuki, with investments increasing 2.5 times.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis success can be attributed to strong community engagement, unique artistic appeal, and effective marketing strategies,\u201d experts believe.<\/p>\n<\/blockquote>\n<p>Conversely, owners of the most unprofitable collection, Pudgy Penguins, faced a 97% loss on their investments.<\/p>\n<p>Back in August, the owner of the most expensive CryptoPunk #5822, Deepak Thapliyal, <a href=\"https:\/\/forklog.com\/en\/news\/cryptopunk-sold-at-a-loss-after-24-million-purchase\">sold the token<\/a> he had purchased in 2022 for $23.7 million. The presumed buyer stated that the asset cost him approximately $3.9 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1252],"class_list":["post-16686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"73","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16686"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16685"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}