With the continuous growth of the cryptocurrency and blockchain world in recent years, NFT technology has emerged. This technology, which has become viral throughout the world along with Turkey, has enabled the buying and selling of digital businesses. For example just
While the news that NFTs were sold for millions of dollars was on the agenda of the technology world, large companies had already started investing in this field. However, as the NFT world has lost its popularity recently, expectations have dropped considerably. Here is the latest situation for the NFT market…
Latest status of the NFT market: 95 percent of collections are worthless!
Cryptocurrency platforms NFT SCAN And CoinMarketCap A report prepared in the light of the data shared by 73 thousand 257 NFTs of your collection 69 thousand 795the value of 0 Ethereum He revealed that he was not worth the money.
According to estimates, approximately 23 million people, is holding NFTs that have no value. It is unknown whether a significant portion of these people paid money to buy the NFT. This is the real crucial point anyway.
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Experts of NFT technology say the following about this report; “It is becoming clear that a significant part of the NFT market is characterized by speculative and promising pricing strategies that are far removed from the actual trading history of these assets.
Additionally, this apparent disconnect between listed prices and actual sales may indicate that many sellers are anticipating another massive surge in NFT interest, similar to the boom witnessed in 2021 that may never happen again.”.
NFT market, most 2021 And 2022 It was alive in its years. Because at that time, with the bull season, the monthly transaction volume increased $2.8 billion had even reached its level. However, cryptocurrency Bitcoinin 70 thousand dollarAs the date approached, expectations increased significantly. The current value of Bitcoin is 26 to 28 thousand dollars watching between.
So what do you think about this issue? Do you think the NFT market is a bubble as many say? You can share your opinions with us in the Comments section below.