October 4, 2022
By Sharan Kaur Phillora
NFT trading and aggregation platform Flip_xyz is launching a fantasy league game amid a frigid NFT winter. “We may be too poor to transact much in real life, but we still have the spirit for NFTs,” said Flip co-founder Ledgerstatus.
Here’s what we know:
As NFT winter deepens, Flip says its new fantasy league will still provide traders the “sweet adrenaline” of flipping JPEGs. Participants in the new NFT fantasy league can pretend-buy NFTs, and those with the best-simulated portfolio performance win prizes.
“Fantasy Flip is a way to have fun in a bear market,” Flip co-founder Brian Krogsgard, who goes by Ledgerstatus on Twitter, told CoinDesk. “Most of us are too poor to spend the [ether] we have left on huge sweeps, but we still want that sweet adrenaline rush of flipping JPEGs. It’s fun for folks who want to participate in NFTs but can’t do so with big money.”
NFT trading volumes have fallen nearly 97% from this year’s January highs, according to Dune Analytics. And many JPEGs that previously made news are now fetching cheap prices compared with their peak prices.“We may be too poor to transact much in real life, but we still have the spirit for NFTs,” Krogsgard said.
Flip, launched amid the NFT winter in April 2022 by Krogsgard and co-founders Sam Hotchkiss and Jennifer Jacobs, helps customers navigate the actual – not fantasy – NFT market, enabling trading on multiple marketplaces and providing portfolio and wallet tracking.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.
