FastCompany - NFT bloat results in a lot of dead mints, says new blockchain data
According to Nansen, who examined 8400 collections from about 19 million NFTs on the Ethereum blockchain, one-third of NFTs minted after January 2021 are "dead collections with little or no trading activity."
Meanwhile, another third of the NFTs are trading for less than the initial cost of minting the token (associated with the "gas" to mint a new NFT).
This could mean that the NFT world is getting very crowded where the NFT minting community has multiplied from 500 in January 2021 to 1.2 million at the end of last month.
Be careful when minting NFTs, will it be sold?
