RIP, NFTs are Dead 95% of NFTs are Worth Nothing

Episode 580: Bruce Houghton from HypeBot and Bandsintown is back this week. We discuss Bruce’s recent story “NFTs promised to save music; now, they are officially WORTHLESS”. This once $17 billion market is now worth, at best, $80 million, or 3% of peak valuation. Even the vast majority of NFT collections from established creators that originally sold for hundreds of thousands of dollars are effectively worthless. 18% of these top collections now have a floor price of zero, and 41% are priced between $5 and $100. Less than 1% of these NFTs are priced over $6,000.