Cryptocurrency Q&A
Do people still buy NFT?
Do people still buy NFT?
Martino
Wed Jun 26 2024
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7 answers
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In the current landscape of the cryptocurrency and digital art world, the question arises: Do people still buy NFTs? With the meteoric rise and subsequent fluctuations in the NFT market, it's understandable to have doubts about its long-term appeal. Are collectors still willing to shell out substantial amounts for unique digital assets? Or has the hype subsided, leaving only a niche group of enthusiasts? Understanding the current sentiment and market trends surrounding NFTs is crucial for both investors and creators alike. Let's delve deeper into this question and examine the current state of the NFT market.
7 answers
EnchantedMoon
Fri Jun 28 2024
Despite the initial excitement and high prices, the report shows that the majority of NFT collections have failed to sell.
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CryptoMercenary
Fri Jun 28 2024
The current market outlook for cryptocurrencies and NFTs remains uncertain.
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Andrea
Fri Jun 28 2024
According to a 2023 report by dappGambl, a crypto analysis firm, the vast majority of NFTs hold little to no value.
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SakuraSpirit
Fri Jun 28 2024
Specifically, the report revealed that 95% of NFTs are practically worthless.
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Tommaso
Fri Jun 28 2024
This finding comes after the immense hype surrounding NFTs during the 2021-2022 period.
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