'Even the most prominent collections are struggling to maintain demand'
Value, too, remains an issue, dappGambl found. Eighteen percent of the top NFT collections identified by CoinMarketCap have a floor price of zero,"indicating that a significant portion of even the most prominent collections are struggling to maintain demand," dappGambl said.
One project, said the researchers, had a floor price of more than $13 million, but all-time sales of just $18."It becomes clear that a significant portion of the NFT market is characterized by speculative and hopeful pricing strategies that are far removed from the actual trading history of these assets," dappGambl said.Meanwhile, NFT creators keep burning that carbon
NFTs, being registered on a blockchain and not mined mathematically like currencies, don't expend energy in the same way, but are still responsible for a lot of carbon being spilled into the atmosphere to mint them onto blockchains and power their continued existence.
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