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The Cointelegraph Quick Guide To NFTs
Non-fungible tokens (NFTs) are touted by many as the future of the blockchain business – how are they used by artists, gamers, and even real estate agents? Enjoy our immersive guide!
All these stats making promises of astronomical growth don’t tell the full story, though. The NFT space does have its challenges.
According to Nonfungible.com’s annual report, most projects have a poor retention rate — and in 2019, the vast majority were used for three months or less. As of February 2020, just 3.5% of these platforms were used for more than 10 months.
The liquidity of NFTs is also a crucial measure of how healthy a marketplace is, but in 2019, just 12% of newly created assets actually circulated between users.
