NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30

nonfungible token

Despite these losses, NFT investors remain undeterred. The number of blue-chip NFT holders has increased by over 90% in the past year, although there has been a 30% decrease in buyers alongside a 32% increase in sellers.After initially surging and reaching around 3 million holders in November 2022, the number of Reddit avatar holders experienced significant growth in 2023.

The platform was introduced to prepare citizens for the challenges of the digital age, particularly in preventing technology-related crimes. An event called “Exploring the Metaverse” was held on the platform, emphasizing the need for caution in the metaverse and addressing crime prevention strategies.Prominent economist and crypto skeptic Peter Schiff, known for his criticism of Bitcoin and cryptocurrencies, has surprisingly unveiled a collaborative NFT art collection on the Bitcoin network.

Nifty Newsletter 📉NFTs drop 95% 🔵Blue-chip NFTs -40% 📈90% more NFT holders 🦜Reddit avatars onboard 10M 👮‍♂️HK Police in metaverse 😲Peter Schiff launches NFT 🌐Metaverse properties -90%

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