Report: 96% of NFTs are considered 'dead', with over 43% of NFT holders in a loss making state

According to Foresight News, the latest report from NFTevening shows that the NFT market is facing serious difficulties, with 96% of NFTs being considered 'dead', meaning they have almost no trading volume, extremely low 7-day sales, and almost no presence on social media. The report analyzed over 5000 NFT collections and 5 million transactions, and found that more than 43% of holders have suffered losses, with an average investment return rate decreasing by 44.5%. In addition, the average lifecycle of NFTs is only 1.14 years, significantly shorter than traditional cryptocurrency projects.