2023-11-02 20:26:27
An NFT from the Bored Ape Yacht Club collection, representing a monkey. Ascannio – stock.adobe.com
Faced with the fall of the non-fungible token market, movements have drastically decreased. However, NFTs have not lost all interest.
The figure had the effect of a small bomb at the end of September, even if, since then, the seriousness of the study from which it was taken has been called into question. “95% of NFT collections are no longer worth anything” wrote the DappGambl site. These non-fungible tokens were the subject of a real madness in 2021, with collectors ready to pay exorbitant prices for certain digital coins, careless speculators lured by prospects of easy gain and the proliferation of dubious projects without value .
A bubble which had already deflated throughout 2022, and whose decline accelerated in 2023. “The speculators have left, for the better of the industry, but unfortunately after a lot of money lost by the small holders,” underlines Gauthier Zuppinger, founder of the analysis firm NFT18.
Since October 2022, trading volumes have been declining and most collections have lost liquidity. Emblematic of this period, the Bored Apes of…
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#Speculators #deserted #NFT #market