NFT Market Decline: 96% of Collections Now ‘Dead’

The Current State of the NFT Market

In 2024, the non-fungible token (NFT) market faces significant challenges, as reported by analysts who found that a staggering 96% of over 5,000 NFT collections are considered "dead." This means these collections have zero trading volume, no sales activity for more than a week, and lack engagement on social media platforms like X.