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4 months ago
98% of 2024 NFT Drops Are Effectively Dead, Report Shows Beincrypto 12 Nov 2024

98% of 2024 NFT Drops Are Effectively Dead, Report Shows

In 2024, the NFT market experienced a decline, with nearly 98% of NFT projects deemed "dead," according to a report by NFTEvening and Storible. Oversaturation and dwindling interest are cited as challenges, highlighting the importance of community engagement and utility for long-term success in the NFT space.