NFT Market in Crisis: Only 0.2% of 2024 NFTs Are Profitable

NFT Market in Crisis: Only 0.2% of 2024 NFTs Are Profitable

A recent analysis highlights a bleak reality for the non-fungible token (NFT) market in 2024, revealing that 98% of NFT drops this year have seen no trading activity since September, with 64% recording fewer than ten mints. According to the "State of 2024 NFT Drops" report, this widespread lack of engagement suggests investor disinterest and a potential oversupply relative to demand for new NFT projects. This drop in engagement aligns with a ...

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