The value of its three NFT projects, however, plummeted, leading metaverse-based platform Decentraland saw a growth in the NFTs minted and purchased in 2022.According to the blog post, Decentraland closed 2022 with 2.7 million unique NFTs minted on the metaverse-based gaming platform. This represented a 440% growth in the volume of NFT mints on a year-over-year basis.
The Decentraland NFT ecosystem consists of Decentraland Wearables, Decentraland LAND, and Decentraland Names. According to the report, 143,900 Decentraland Wearables NFTs were sold in 2022. This was a 510% growth in sales volume on a YoY basis.Despite the growth in NFT mints and trading volume, an assessment of the three NFT collections that make up Decentraland revealed a significant drop in value in 2022.
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