According to Business Insider, the #NFT Market has plummeted. Finance Professor Dr Boyce Watkins analyzes the NFT market and why valuations have plummeted.
According to Business Insider, the following is true:
Most NFTs may now be worthless, less than two years after a bull run in the digital collectibles.
A new study indicated that 95% of over 73,000 NFT collections had a market cap of 0 ETH.
Out of the top collections, the most common price for an NFT is now $5-$10.
Dr Boyce Watkins is a Finance PhD and author of the book, "The 10 Commandments of Black Economic Power." To learn more, please visit BoyceWatkins.com.
