95% of NFTs have a market cap of zero

[JeffBrad12]

Currently the market for NFT is zero. I think NFT will not be very profitable at present. Many people invest in NFTs because they think they will do well but I think it is best not to invest here now. Investing here has become like death by sin in greed. The way NFT has gone down day by day, the chances of profiting here are very low

mainly because unlike altcoins in general that have unified liquidity, the fact that each NFT is unique, the liquidity worked like property.
basically each property have its own unique demand, or have no demand at all, same with NFT even more so with many of the art NFT that usually have no utilities at all aside from being decoration.
thats why even justin bieber's NFT are going down so hard, because these NFT are just outright useless, no need to elaborate further we know that these NFT arts are just some random arts value being
overly inflated just for the sake of speculation and nothing more, therefore this NFT will definitely have no future, even if its popular NFT that was gaining massive value back then, they all losing their value.

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[Abiky]

Unfortunately, market variations also influence the value of NFTs, many have no market, others have no exchange volume, but the really important ones such as curious cards and cryptopunks keep their value high

"Important ones"? More like "overhyped ones". That's all what NFTs have been since day one. I'd add Bored Ape Yacht Club to the list, especially when interest/demand is starting to fade. Funny thing is that most of the NFTs are listed on marketplaces prone to censorship. Especially the OpenSea marketplace living on the ETH blockchain.

Is this what the future of the web is about? Without focusing on decentralization, censorship-resistance, and immutability, NFTs would only be a passing fad. Eventually, mainstream governments will adopt the tech for their own benefit. Once that happens, NFTs will have no reason to exist on public chains. It was a wild ride for those who got early into the game. Let's just focus on what matters most which is bringing "banking to the unbanked". I wouldn't be surprised if crypto/Blockchain tech ends up being used solely for financial purposes in the future. It's the only thing it's good at. Just my opinion

[Essential10]

Indeed, the NFT market can be diverse, ranging from widely popular projects to more specialized and lesser-known artifacts. Quality and creativity often stand out, even in a crowded place. It's unfortunate that some exceptional pieces may not get as much attention as mainstream or trendy projects. However, the value of art is subjective, and passionate collectors can really make a difference by recognizing and supporting talented artists. The value of many NFTs is driven by speculation, as people buy and sell them in the hope that their value will increase over time. This speculative behavior often leads to hype-driven prices, even for NFTs without significant underlying value.

[Bushdark]

Indeed, the NFT market can be diverse, ranging from widely popular projects to more specialized and lesser-known artifacts. Quality and creativity often stand out, even in a crowded place. It's unfortunate that some exceptional pieces may not get as much attention as mainstream or trendy projects. However, the value of art is subjective, and passionate collectors can really make a difference by recognizing and supporting talented artists. The value of many NFTs is driven by speculation, as people buy and sell them in the hope that their value will increase over time. This speculative behavior often leads to hype-driven prices, even for NFTs without significant underlying value.

There are so many NFT projects in the crypto market that don't even have  liquidity so we must be ready to select careful on any NFT project we want to invest in. One thing I have noticed about some NFT projects is that, they may keep trending for a while but after some times, they can easily crashed and may not be able to generate liquidity again. This happens in coin projects too so we must be ready to take our time and do research so we can invest our funds in a good projects with long time existence.

[BitcoinPanther]

One of the latest studies conducted regarding the NFT market found that 95% of NFT collections have a market capitalization of 0.

The unveiled reality of the NFT market: 95% of NFTs have a market cap of zero

The bearish market has been affecting the whole crypto industry downside, but regards NFT niche, it has been worst. Almost all NFTs have a market cap of zero, meaning investors and adopters have completely lost interest for them after so much hype and excitment we saw during the year of 2021.

Does it mean NFT is a scam sector of crypto market, or is their concept good, but the execution of the projects are wrecking everything? Is it still possible for NFTs to recover their credibility?

This only prove that NFT is so far useless and has brought nothing but only hype.  Aside from that many of these so called NFT are created by scammer to milk people of their money.   I never thought of NFT to have a real use case so I also expected that the hype of the NFT market is temporary and will end up being useless which I found somehow correct.

Indeed, the NFT market can be diverse, ranging from widely popular projects to more specialized and lesser-known artifacts. Quality and creativity often stand out, even in a crowded place. It's unfortunate that some exceptional pieces may not get as much attention as mainstream or trendy projects. However, the value of art is subjective, and passionate collectors can really make a difference by recognizing and supporting talented artists. The value of many NFTs is driven by speculation, as people buy and sell them in the hope that their value will increase over time. This speculative behavior often leads to hype-driven prices, even for NFTs without significant underlying value.

There are so many NFT projects in the crypto market that don't even have  liquidity so we must be ready to select careful on any NFT project we want to invest in. One thing I have noticed about some NFT projects is that, they may keep trending for a while but after some times, they can easily crashed and may not be able to generate liquidity again. This happens in coin projects too so we must be ready to take our time and do research so we can invest our funds in a good projects with long time existence.

These NFT that don't have liquidity are created to milk investors of their money.  The developers of this project exploited the hype of NFT and after they got their goal, they either rug pull or just abandon the project.   Another reason is that people find out that the NFT project have no real use case so they sell when profit is seen and never support the project again.

[JeffBrad12]

Indeed, the NFT market can be diverse, ranging from widely popular projects to more specialized and lesser-known artifacts. Quality and creativity often stand out, even in a crowded place. It's unfortunate that some exceptional pieces may not get as much attention as mainstream or trendy projects. However, the value of art is subjective, and passionate collectors can really make a difference by recognizing and supporting talented artists. The value of many NFTs is driven by speculation, as people buy and sell them in the hope that their value will increase over time. This speculative behavior often leads to hype-driven prices, even for NFTs without significant underlying value.

the value of NFT, is purely depend on hypes as you have described, moreover it also works like brand, if the NFT brand is known like the bored apes, then doesn't matter how shit the NFT is, will be valued high, but thats only in the past, now most of them don't have have bidder, meaning it doesn't even have any liquidity, just remnant of the past, those that bought at few thousands dollars even more are definitely making the worst investment decision in their life.
because after all, the liquidity of NFT doesn't really work like liquidity in altcoin market where its centralized but instead each NFT is unique asset which means harder for liquidity to come by.
thats why investment in NFT is just waste of money.

[mich]

And now US President Donald Trump is selling his new Mugshot NFTs. The first 2 releases made $9 Million so it is normal for him to do this again.
But this time these will be different will come with part of his suit from when mugshot was taken. And a chance to have dinner with him. There is only 100,000 of them and maybe this is a NFT that will not have zero marketcap.
https://www.forbes.com/sites/tylerroush/2023/12/12/donald-trump-releases-mugshot-edition-digital-trading-cards-offers-pieces-of-suit-from-fulton-county-arrest/?sh=47ccf59e676e

[batang_bitcoin]

Will this change when the bull run comes? Seems that the altcoins market is ripening and rich again but I don't know what's with the NFT scene if they're flourishing and going back to what they used to be. If there's no movement at all even in the bull run and that 95% remains the same for the majority of the NFTs then, it just means that there is no hope anymore from them and they're likely dead at all as people look forward for another place to invest into this market aside from btc and alts.

[kentrolla]

It may flourish ony during bull run as people will be bothered only about profit and not about any logic or where it comes from, people are in for quick profit hence we may see the same scene again but it won't be exactly like what it used to be as many of these NFT related projects are dead.

I don't think there is any harm if our objective is only some quick profits and don't mind taking risk. But it would be a big no form long te and won't make any sense at all to hodl these.

[Belarge]

Will this change when the bull run comes? Seems that the altcoins market is ripening and rich again but I don't know what's with the NFT scene if they're flourishing and going back to what they used to be. If there's no movement at all even in the bull run and that 95% remains the same for the majority of the NFTs then, it just means that there is no hope anymore from them and they're likely dead at all as people look forward for another place to invest into this market aside from btc and alts.

Bitcoin is on another chart and different from altcoins in the space. Altcoins have brought in more volatility season of the market, we can not easily predict the market because there are presence of top coins which are very popular to the investors and traders, and there's good time to carry out operations of findings concerning a project. 95% of Non-Fungible Tokens have the basic units of market cap and it does applies to their roadmaps. NFTs have their specified season of running bullish moves in the system, though it doesn't come in as expected but it do triggers when everyone hope for a heavy pump in the market.

[o48o]

Will this change when the bull run comes? Seems that the altcoins market is ripening and rich again but I don't know what's with the NFT scene if they're flourishing and going back to what they used to be. If there's no movement at all even in the bull run and that 95% remains the same for the majority of the NFTs then, it just means that there is no hope anymore from them and they're likely dead at all as people look forward for another place to invest into this market aside from btc and alts.

You might as well ask will this change to altcoins, because there are percentually and numerically way more dead altcoins then there are dead NFTs. Nfts just feel more stupid because there are often stupid pics linked into them, and liquidity sucks. But same could be said about most altcoins. If whale wants to exit, liquidity in many of them will not be enough to sustain the price level without flooring -90%.

Imho people making fun of nfts are like nocoiners making fun of crypto holders. Principle is the same. Focusing on the negative is easy because there are ton of things to point at. But i can't see any reason why same percentage of nfts wouldn't rise with altcoins. Dead nfts most likely stay dead, just like most dead alts stay dead.

[JeffBrad12]

It may flourish ony during bull run as people will be bothered only about profit and not about any logic or where it comes from, people are in for quick profit hence we may see the same scene again but it won't be exactly like what it used to be as many of these NFT related projects are dead.

I don't think there is any harm if our objective is only some quick profits and don't mind taking risk. But it would be a big no form long te and won't make any sense at all to hodl these.

the problem with NFT, the liquidity is only for one unique and even so there are very few people that bids for NFT, an NFT could be priced high by the owner but if there's no one to buy it then its simple as good as valueless. thats the thing with NFT, the fact that its unique, will defnitely prevent it from having many liquidity but instead it will be like selling land or property, for every land or property is unique and finding buyer is difficult if the price is inflated.
even right now justin bieber's NFT are worth a dime I don't think the other NFT that are less popular are spared these days, i've seen so many NFT that was initially bought at quite high price point now nobody is buying it therefore the money is lost for those that trying to "invest" in these NFT, from the very beginning i was already baffled by these buyers of NFT that even willing to pay hundred thousand dollar for an NFT anyway.
hopefully people finally realize what a true investment is not some random NFT.

[Abiky]

You might as well ask will this change to altcoins, because there are percentually and numerically way more dead altcoins then there are dead NFTs. Nfts just feel more stupid because there are often stupid pics linked into them, and liquidity sucks. But same could be said about most altcoins. If whale wants to exit, liquidity in many of them will not be enough to sustain the price level without flooring -90%.

Imho people making fun of nfts are like nocoiners making fun of crypto holders. Principle is the same. Focusing on the negative is easy because there are ton of things to point at. But i can't see any reason why same percentage of nfts wouldn't rise with altcoins. Dead nfts most likely stay dead, just like most dead alts stay dead.

Unlike altcoins, NFTs are a passing fad. They appear once to enrich early adopters and creators, only to go down the drain in an instant. While something similar happens to altcoins (particularly those called "shitcoins"), their open source design allows developers to build other projects with usability in mind. I see no use for NFTs, except for in-game items (weapons, clothing, etc).

The vast majority of the NFT market is speculative, anyways. It's this reason why 95% of NFTs are dead. The hype moved from ETH and SOL chains into BTC. Now the BTC blockchain is being flooded with useless Ordinals NFTs. They're doing more damage to the crypto/Blockchain industry than anything else. Who knows if the concept of an NFT becomes a failed experiment in the long run?

[Bushdark]

Will this change when the bull run comes? Seems that the altcoins market is ripening and rich again but I don't know what's with the NFT scene if they're flourishing and going back to what they used to be. If there's no movement at all even in the bull run and that 95% remains the same for the majority of the NFTs then, it just means that there is no hope anymore from them and they're likely dead at all as people look forward for another place to invest into this market aside from btc and alts.

Bitcoin is on another chart and different from altcoins in the space. Altcoins have brought in more volatility season of the market, we can not easily predict the market because there are presence of top coins which are very popular to the investors and traders, and there's good time to carry out operations of findings concerning a project. 95% of Non-Fungible Tokens have the basic units of market cap and it does applies to their roadmaps. NFTs have their specified season of running bullish moves in the system, though it doesn't come in as expected but it do triggers when everyone hope for a heavy pump in the market.

Investing in NFT projects can be very risky nowadays because I have seen that many NFT projects these days easily crash out of the market. We need to put our money on reputable NFT projects that is going to stay in the market for a long period of time.
Investing in NFT projects is not like before when we can invest and hold our NFT for as long as possible and the price will not depreciate like we are seeing now in the market. We need to open our eyes and not fall scam to many NFT projects that was launched to steal from investors.