The explosive growth of non-fungible tokens (NFTs) in 2022 appears to be a thing of the past. According to a report by NFT Evening, a staggering 96% of NFT projects are considered "dead".
The report highlights the high failure rate of NFT projects, with a significant number of projects failing to deliver returns for their holders.
Despite the overall decline in the NFT market, there are some notable exceptions. Several projects have managed to thrive even in a challenging market.
Other noteworthy projects maintaining their popularity include:
These high-value NFTs continue to attract investors despite the market downturn, demonstrating their enduring appeal.
While the NFT market is experiencing a challenging period, new projects are still emerging. The report highlights some recent notable launches:
These launches indicate that there is still interest in the NFT market. However, the report emphasizes that investors need to exercise caution and conduct thorough research before investing in any NFT project.
The NFT market is currently experiencing a period of decline, with a large percentage of projects failing to deliver returns. However, successful projects like Azuki and high-value NFTs like CryptoPunks and Bored Ape Yacht Club continue to attract interest. Investors should approach NFT investments with caution and conduct thorough research before committing their funds.
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