More than 95% NFT Collections are Dead

Most of us here in this sub have bought or minted an NFT at least once. Some have profited, some (like me) kept holding onto them to $0.

It made me wonder how many NFT collections are in existence and how many of them are even worth anything! So I stumbled upon a recent report from dappgambl which had some really good stats.

As per the report based on 73257 NFT Collections:

• 69795 collections have a market cap of ZERO which roughly translates to 23 million investors being rekt.

• Only 21% of the collections even managed to sell out. That’s like 4 out of every 5 collections didn’t sell out.

• Less than 1% of the Collections have a floor price of over $6000.

These stats kinda remind me of the dot com bubble where only a few companies actually managed to sustain.

Did you get rekt or made a profit from NFTs? And which NFT project were you convinced would make it to the moon?