NFT Market Outlook
Can NFT Artwork Survive the 2022 Crypto Crash?
Why 2022 may be the end of NFT art as we know it
You’d think with cryptocurrency prices down, we’d see an explosion in NFT sales.
But that just isn’t the case.
As an NFT collector who has tried to sell a couple of NFTs in the week after the crypto crash, it’s become a challenging feat to sell JPEG artwork for a profit.
I’ve tried different selling strategies. Listing the NFT slightly above mint price. But there’s been no takers.
And I’m not sure I want to sell for less than what I paid.
When you hear about popular collections, like the Bored Ape Yacht Club and CryptoPunks, selling for hundreds of thousands of dollars or even millions, you think it’ll be easy to move a silly JPEG on the blockchain.
But from my NFT experience, it’s harder than selling ice to an Eskmo.
Will the Popular NFT Trend Reverse in 2022?
There used to be a profit in buying and selling NFT art.
But since most crypto investors and NFT collectors remain leary about market performance, NFTs may no longer prove to be what they once were.
