Analysts from NFT Evening predict that by 2024, up to 96% of all existing NFT collections could become “dead.” This is due to several factors, including waning interest in many projects, oversaturation of the market, and lack of innovation. However, the remaining 4% of collections, including iconic and brand-supported projects, may continue to stay popular due to their uniqueness, rarity, or strong community loyalty. The current trend underscores the importance of quality and utility for collections to survive in the long term.
