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Almost 70,000 collections of NFTs now have no market value, dappGambl estimated in a recent report . The non-fungible tokens (NFT) market is going through hard times, as 69,795 out of 73,257 digital collections have a market cap of 0 Ethereum (ETH). According to a report by dappGambl, only 20% of the identified collections have full ownership. It means n early 80% of all NFT collections “have remained unsold.” “This situation is telling of a significant imbalance between the creation of new non-fungible tokens (NFTs) and the actual demand for these digital assets in the current market landscape.” dappGambl The report doesn’t specify which NFT collections have been overviewed but says NFT Scan provided the data. The firm believes that many NFT collections face difficulties with adoption due to the lack of clear use cases, compelling narratives, or genuine artistic value. You might also like: SEC charges ‘Stoner Cats’ NFT creators for selling...