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The NFT bubble has indeed burst, with the vast majority of collections no longer having any value. According to NonFungible.com, a website that tracks NFT values and market changes, over 95% of the collections on this platform currently have a zero value. This result is most certainly due to the fact that the market has become increasingly saturated, and there are so many NFTs being released that it is difficult for any one collection to remain valuable. Many investors have pulled out of the market due to the high risk involved with such investments, and this has caused investors to be less willing to invest in new collections as well. For these reasons, it appears that the NFT bubble has indeed officially burst, and it is not likely to recover anytime soon.