Study: 98% of 2024 NFT Drops Are Dead; Only 0.2% Have Generated Profits for Investors

Quick Summary:

A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation.

Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints.

Study: 98% of 2024 NFT Drops Are Dead; Only 0.

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Article Details

Author / Journalist: Terence Zimwara

Category: Crypto

Markets: Japan

Topics: Metaverse Nft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 23:45:21 (2 days ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 9 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23537321

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 21 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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