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NFT Collection Failures Begin to Mount in Flashback to ICO Bust

  • One in three NFT projects have little or no trading activity
  • Nansen analyzed collections comprised of 19.3 million NFTs
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Source: Bloomberg

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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.