99% of NFT art projects doomed to failure

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99% of NFT art projects doomed to failure
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The majority of non-fungible artwork projects aren’t likely to succeed, says tyronerubin. MetaLabsAfrica NFTartists metaverse NFT

While many people hope to make heaps of real money from their non-fungible token artwork ventures, 99% of the projects across the globe are more likely to fail and be worthless in the long-term.

Discussing the vital interoperable relationship between NFTs and the metaverse, he explained the metaverse is a virtual universe where users in different parts of the globe can interact with each other and with virtual beings in a computer-generated environment. “NFT art collections are being drafted left, right and centre, of which 99% will likely fail if you are an individual. This is because in the same way as a person releases a new YouTube video – it’s probably not going to go viral as they may expect. In the same way as a musician would put a music video out there, the chances of the video going viral are slim.”

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