NFT Tokens: The Rise and Fall
Non-fungible tokens (NFTs) are dead. Currently, 95% of NFTs have no value, according to Business Insider. Research has shown that out of the 73,000 existing collectible tokens, 69,000 are worthless. These useless assets are owned by 23 million people. Many took NFTs as collateral for their real property, believing that they would have a promising future and could resell these worthless images at a 6000% inflated price. Now, these individuals are essentially bankrupt.