95% of digital collectibles are now probably worthless, but not the kiwi nft 😏

A report by dappGambl, based on NFT Scan and CoinMarketCap data, found that about 95% of the 73,257 NFT collections it examined had a market cap of zero ether, meaning roughly 69,795 collections are effectively worthless. The researchers estimated that almost 23 million people hold these assets. Among the top 8,850 collections by market cap, 18% are worthless and 41% are priced at $5 to $100, and fewer than 1% have a price above $6,000. The researchers said many sellers may be waiting for a surge in interest like the 2021 boom, which may never recur.