The NFT market has experienced strong growth in recent years, benefiting from the investment of several personalities in digital art. The year 2021, for example, marked an explosion in sales of these assets, estimated at $17.6 billion. However, in 2022, there is a decrease in this trend. So what do we know about the NFT market at the end of 2022? Here are some answers.
Where does the NFT market stand at the end of 2022?
According to research conducted by experts, the NFTs market has experienced a decline in early 2022. In fact, industry watch platform Chainalysis has noted a slowdown in the market after strong growth in 2021. As an example, the first tweet in history sold as an NFT cost $10,000 to resell when it was acquired for $3 million.
In addition, NFTs activity has been falling since August 2021. However, let’s note that the trend is picking up more and more during this year 2022 thanks to the implementation of the Metavers Bored Ape Yacht Club project. In any case, NFTs are not limited geographically. There are a multitude of users all over the world, with South and Central Asia in the lead and Europe and the United States in second place.
In addition, NFTs are much more accessible, as transactions are now for small amounts. In view of this, it should be noted that these assets may experience a sharp increase by the end of 2022.
Why The NFT Market Seems To Be Collapsing?
Which NFTs should I invest in?
If you want to invest in the NFT market, it is best to look at the most profitable ones for 2022. So here are a few you can focus on.
Lucky Block NFTs
In our selection, Lucky Block is considered the best choice for an investment in NFTs in 2022. It is one of the best altcoins known in the market due to its unique and innovative tokemi. After its rise, Lucky Block decided to launch more than 10,000 very interesting NFTs. Everyone who holds an NFT from this collection will benefit from a raffle organized by the platform. Basically, these NFTs will be considered as tickets to enter the weekly draws.
Battle infinity, a crypto-gaming platform, has set up a project combining metaverse, P2E elements and NFTs for this year 2022. The possibilities in the game are multiple with a rather unique concept. Indeed, in this game, players are asked to compose their sports team in order to compete against other participants from around the world.
In return, the points earned are converted into tokens or several other currencies using the Battle Swap function. In addition, tokenization of assets allows items to be given a certain rarity and value. In addition, players can access multiple games, sell and buy their characters or NFTs.
Real Estate Investment Club
With REIC NFT, users can customize their appearance, create their character and acquire virtual real estate or land plots. These NFTs will be compatible with the metaverse and Unreal Engine 5. They will have voice functionality and can function as PFPs.
Finally, cryptoMinesReborn is recommended for people who want to get into an immersive game. It is a simple and attractive game that allows you to explore different galaxies and generate profits.
Can I get NFT at a low price?
As we mentioned, NFTs have become more popular and are now available at a small price. You can find NFTs for thousands of dollars and others are sold for fractions of a cent.
Among these, you can opt for the crypto baristas, holy heroes and adam bomb squad. To acquire them, you just need to choose an NFT platform. Then, you need to register and proceed with the purchase of your NFT.
Where to use my NFTs?
To use your NFTs, you have to go to the NFT marketplaces. These are online platforms that allow users to collect, acquire, sell or create NFTs. These allow to authenticate the unique aspect of a work of art. In fact, marketplaces usually work in a decentralized way thanks to the blockchain.
To sell your NFTs on these platforms, you must first purchase an Ethereum wallet. However, it should be noted that fees are charged for every transaction made on these interfaces.