Did you get caught up in the hype over NFTs, and have bought some, or even minted and sold them? Sorry if you did. Yup, they were (and still are) a scam.

Of the 73,257 NFT collections we identified, an eye-watering 69,795 of them have a market cap of 0 Ether (ETH).

This statistic effectively means that 95% of people holding NFT collections are currently holding onto worthless investments. Having looked into those figures, we would estimate that 95% to include over 23 million people who’s investments are now worthless.

Dead NFTs: The Evolving Landscape of the NFT Market