Crypto markets in general are in quite a slump since bitcoin hit it’s all time high of $69,000 about 2 years back. We are more or less moving sideways since then around the $20K mark. What bitcoin does influences the entire crypto market so as expected all sectors in crypto whether DeFI, NFTs, Altcoins, new Blockchain projects are all feeling sluggish.
In this post I will be focusing mainly on NFTs which were the hottest area in crypto during the last bull run and saw the maximum amount of funds being pumped it. NFTs have recently taken the biggest beating compared to other crypto areas and flow on money into NFT projects seems to have dried up completely. The situation seems to be getting worse with each passing month and even the biggest NFT collects which people consider too big to fail have started to fail. There are people fudding even collections like Crypto punks and BAYC.
Impact on my NFT portfolio
If you have been reading my previous posts you would have noticed that I was always very bullish on NFTs as a concept and tried all aspects of NFT projects whether PFP collections, Art, Gaming, Utility based and even new concepts built on NFT.
- PFP Collections — This was the first kind of NFT type I ventured into and though I never had the funds to hold a Crypto punk or BAYC/ MAYC, I do hold several…
