NFT market collapses as values lose up to 99%
In short
The NFT market has fallen sharply and, in some cases, lost up to 99% of its value.
The report says the hype faded and some celebrity-linked buys, including ones tied to Eminem and Justin Bieber, turned into big losses. It does not say which NFTs were hit worst or if the market is recovering.
What the reporting says
The NFT market has collapsed and lost up to 99% of its value, according to a Mint Money summary. The reporting says enthusiasm faded after the boom, and purchases linked to stars such as Eminem and Justin Bieber became large losses. It does not specify which collections or assets fell the most or whether any part of the market has stabilized.
Why it matters
The NFT market has collapsed, with the reported value loss reaching up to 99%, according to the Mint Money summary. Celebrity-linked purchases by Eminem and Justin Bieber are cited as examples of losses after the hype faded. The story points to a severe reversal in digital collectibles, but it does not name the specific assets, sales prices, or current market size.