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To be sure, there is plenty of meat here and the headline isn’t completely wrong, at least judged by the loose standards of headline writers. It’s sort of true that most NFTs are, indeed, worthless. The study found that, out of a sample of 73,257 NFT collections, 69,795 have a market cap of zero ETH. That’s 95% of the total, which is almost “all” of them. The study says that 23 million people now hold NFTs with no value, which is certainly tough for those investors.
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