NFT marketplace extinction event is real
35 out of 56 early NFT platforms are dead. That's 62% mortality rate.
$BLUR went dark Nov 12. Monthly NFT volume collapsed 91% since Dec 2023 peak.
$OPENSEA fees: $1.55B (2022) → $25.1M (2025)
That's a 98% revenue wipeout in 3 years.
The survivors? Thread incoming on who made it through the bloodbath and why most didn't stand a chance.
35 out of 56 early NFT platforms are dead. That's 62% mortality rate.
$BLUR went dark Nov 12. Monthly NFT volume collapsed 91% since Dec 2023 peak.
$OPENSEA fees: $1.55B (2022) → $25.1M (2025)
That's a 98% revenue wipeout in 3 years.
The survivors? Thread incoming on who made it through the bloodbath and why most didn't stand a chance.