Some of the most sought-after non-fungible tokens (NFTs) of 2022 have been profitable over the past year. This trend reflects the reduced value of the metaverse in 2023, which is considered the best land for investment in 2022.
Investments in major NFT projects including Doodles, Invisible Friends, Moonbirds and Goblintown lost up to 95% of their Ether value ETH ($1,901). The value of the high-end NFT collection has fallen by more than 40% on average. Data from NFTGo shows that the Blue Chip index has fallen to 7,446 ETH from its annual high of 12,394 ETH in July 2022.
Surprisingly, NFT investors continue to be frustrated by the continued decline in profits. Although some are optimistic about the future and long-term in the price of NFT, a small number of investors believe that now is a good time to invest, as they expect return.
On the contrary, the number of holders of blue NFT chips in the last year has increased by more than 90%. During this period, sellers increased by 32% while buyers decreased by 30%.
Despite the financial setbacks, the NFT environment continues to attract the attention of new investors. On May 27, crypto skeptic Peter Schiff launched an NFT project on the Bitcoin blockchain through Odinal.
Schiff unveiled the NFT “Golden Triumph” collection, depicting a human hand holding a golden bar. The collection will be sold through a two-part auction that will begin on June 2 and end on June 9.
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