NFT Collection Failures Begin to Mount in Flashback to ICO Bust
(Bloomberg) -- For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.
On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,400 collections comprised of 19.3 million individual NFTs on the Ethereum blockchain.
https://t.me/NFTpremier
#nftpremier
(Bloomberg) -- For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.
On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,400 collections comprised of 19.3 million individual NFTs on the Ethereum blockchain.
https://t.me/NFTpremier
#nftpremier
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Punk 7971 bought for 235 ETH ($732,588.98 USD) by 0x1919db from 0x3e17fa. larvalabs.com/cryptopunks/de… #cryptopunks #ethereum