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95% Of NFTs Completely Worthless: Report

A new report from dappGambl says 95% of the NFTs included in the study are effectively worthless. So reports Markets Insider.

The data, which was provided by CoinMarketCap and NFT Scan, shows that of the 73,257 NFTs held by approximately 23 million individuals, 69,795 of those have a market cap of zero. “This daunting reality should serve as a sobering check on the euphoria that has often surrounded the NFT space,” the researchers concluded in their report. 

Read the full article from Markets Insider.

 

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