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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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95 percent of NFTs are worthless now, study finds
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thefader.com95 percent of non-fungible tokens (NFTs) are all but worthless now, according to a new study by crypto research group dappGambl.
It’s no secret that the once-hyped crypto assets — pitched as viable revenue streams for artists and ways for fans to invest in the creators they loved — have lost ground after reaching a peak trading value of $17 billion in 2021.
But, according to “Dead NFTs: The Evolving Landscape of the NFT Market,” the picture is grimmer than anyone imagined: 69,795 of the 73,257 collections they analyzed had a market cap of zero Ether (ETH), the cryptocurrency used to trade virtually all NFTs.
Extrapolating from these numbers, dappGambl estimates that 23 million investors own tokens that have no monetary value whatsoever.
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