Protected NFT traders can now relive Mania with Fantasy League game

As the NFT winter deepens, Flip says its new fantasy league will still offer traders “sweet adrenaline” when flipping JPEGs.

Non-fungible token traders (NFTs) who have lost real money amid this year’s market downturn can try betting fake sums on JPEG through something like fantasy sports , accumulated fake portfolios through NFT data and a trading platform called Flip.

New NFT fantasy tournament participants can pretend to buy NFT, and those with the best simulated portfolio performance win prizes.

“Fantasy Flip is a way to entertain in a bear market,” Brian Krogsgard, co-founder of Flip, who goes with Ledgerstatus on Twitter, told CoinDesk.

“Most of us are too poor to spend the [ether] we have left on the massive sweeps, but we still want to get the sweet adrenaline rush of flipping JPEGs. It is interesting for those who want to participate in NFT but cannot do so with large amount of money. “

Read more: US lawmakers introduce bill to allow crypto investments in 401(k) retirement plans

According to data provider Dune Analytics, NFT trading volume has fallen by almost 97% from its January high of this year. And many of the JPEGs that used to be high-flying now cost a lot less than their peak price.

“We may be too poor to trade in real life, but we still have the spirit for NFT,” said Krogsgard.

However, the number of NFT traders is now 36% more than it was a year ago, according to a report by DappRadar. “NFT volumes are falling across the board, but interest rates remain high,” Krogsgard said. “We are still very excited about the future of NFT.”

Flip, launched mid-winter NFT in April 2022 by Krogsgard and co-founders Sam Hotchkiss and Jennifer Jacobs, helps customers navigate the real rather than imaginary NFT market, enabling trading across multiple markets and offers portfolio and wallet tracking.

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