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Dead NFTs: The Evolving Landscape of the NFT Market (dappgambl.com)

submitted 1 year ago by fer0n@lemm.ee to c/technology

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TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There's an oversupply of NFTs, leading to a buyer's market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

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[–] Pons_Aelius@kbin.social 1 points 1 year ago

Cheers for the info.