2022-11-16 11:04:26
TOP 3 most FAIL NFT collections of all time According to Bloomberg statistics, about 1/3 of NFT collections do not achieve their planned popularity. The reasons can be many, ranging from lack of value to poor design.
Here are 3 failed collections that can teach us from their mistakes:
Baby Baller — NFT collection backed by NBA player John Wall. The all-star guard's collection of cartoonish images was quickly derided after their launch for mimicking images from popular video games and films.
EL by Reza Milani — a collection of 1,456 cartoonish people from Iranian visual artists standing by their bicycles, that's seeing virtually no trading activity on OpenSea.
MekaVerse — a collection that had a spectacular rally leading to its launch in October 2021. But you can grab one for around $300 today, a 99.2% drop from the peak. The collection took a battering when it revealed its artwork, dropping a series of lazy Transformers-inspired designs that barely offered any distinguishable features to identify one from another.
Well, these collections combine scandals, falsifications, and lack of value for owners and investors, as well as a lack of development of the ecosystem and tokenomics of NFT projects.
Stay on our channel to learn only about the most promising and valuable collections, avoiding failed ideas
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