The current NFT market is dominated by centralized platforms that limit opportunities for lesser-known artists and control collection listings. Over 90% of NFTs are stagnant, having never been traded, revealing significant issues in liquidity and exposure for creators. A decentralized internet could transform NFTs from simple collectibles to important tools for intellectual property and rights distribution, creating opportunities for fair economic participation. This model could benefit not just artists but also communities, ensuring shared profits and protective measures for resources like wildlife habitats.
Over 90% of NFTs are now considered dead, having never been traded after minting, which highlights a significant issue in the current NFT marketplace.
Without liquidity, collectors face challenges in trading NFTs and often incur losses, emphasizing the need for a decentralized approach that ensures trade fairness.
In a decentralized world, NFTs could extend beyond collectibles, potentially serving as tools for intellectual property and revenue rights, promoting fairness and community benefits.
Liquidity is to decentralization what fuel is to a vehicle; without it, freedom and economic exchange in NFTs become significantly hindered.
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