Decentraland closes 2022 on a bitter observe regardless of 440% development in quantity

Decentraland noticed a YoY development in its NFT mints and purchases.
The worth of its three NFT tasks, nevertheless, plummeted

As detailed in its end-of-the-year efficiency report, main metaverse-based platform Decentraland noticed a development within the NFTs minted and bought in 2022.

Learn Decentraland’s [MANA] Price Prediction 2022-2023

In line with the weblog submit, Decentraland closed 2022 with 2.7 million distinctive NFTs minted on the metaverse-based gaming platform. This represented a 440% development within the quantity of NFT mints on a year-over-year (YoY) foundation.

Moreover, the depend of distinctive lively customers on Decentraland grew by over 12.9% inside the 12-month interval, closing 2022 with a million distinctive lively customers.

The Decentraland NFT ecosystem consists of Decentraland Wearables, Decentraland LAND, and Decentraland Names. In line with the report, 143,900 Decentraland Wearables NFTs had been bought in 2022. This was a 510% development in gross sales quantity on a YoY foundation. 

Decentraland noticed a extreme decline in worth 

Regardless of the expansion in NFT mints and buying and selling quantity, an evaluation of the three NFT collections that make up Decentraland revealed a big drop in worth in 2022. 

This decline in worth mirrored the final market sentiment towards that asset class as many deserted speculative tasks to flee the monetary hardships that lingered all year long. 2022 was difficult, as a number of NFT tasks suffered big blows to their worth.

For context, blue chip NFTs suffered a drop in worth because the Blue Chip Index fell by 45% in 2022. In line with NFTGo, the Blue Chip Index is calculated by weighing the market cap (ETH/USD) of blue chip collections to replicate their efficiency.

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