Once known for digital art and collectibles fetching millions, the NFT market is now nearly deserted. Trading volume has plummeted by a staggering 97% since 2021, and shockingly, around 95% of NFT projects hold zero market value. Currently, NFT sales are struggling to surpass the $200 mark, a far cry from their multimillion-dollar trades of the past. The frenzy of 2021 might have been driven by hype. Factors such as the crypto winter, economic uncertainty, and geopolitical tensions have contributed to the decline. However, retail investors willing to take high risks might still breathe new life into the market.

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