Decentraland closes 2022 on a sour note despite 440% growth in volume

<div id="mvp-content-main"> <ul> <li>Decentraland noticed a YoY progress in its NFT mints and purchases.</li> <li>The worth of its three NFT initiatives, nevertheless, plummeted</li> </ul> As detailed in its end-of-the-year efficiency <a target="_blank" href="https://decentraland.org/blog/announcements/decentraland-2022-recap/" data-wpel-link="external" rel="nofollow external noopener noreferrer">report</a>, main metaverse-based platform Decentraland noticed a progress within the NFTs minted and bought in 2022. <hr/> Learn <a target="_blank" href="https://ambcrypto.com/predictions/decentraland-price-prediction" data-wpel-link="internal" rel="noopener">Decentraland’s [MANA] Price Prediction</a> 2022-2023 <hr/> 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% progress within the quantity of NFT mints on a year-over-year (YoY) foundation. Moreover, the rely of distinctive energetic customers on Decentraland grew by over 12.9% throughout the 12-month interval, closing 2022 with a million distinctive energetic customers. The Decentraland NFT ecosystem consists of Decentraland Wearables, Decentraland LAND, and Decentraland Names. In line with the report, 143,900 Decentraland Wearables NFTs have been offered in 2022. This was a 510% progress in gross sales quantity on a YoY foundation. <h3>Decentraland noticed a extreme decline in worth </h3> 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 initiatives to flee the monetary hardships that lingered all year long. 2022 was difficult, as a number of NFT initiatives 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 <a target="_blank" href="https://nftgo.io/analytics/market-overview" data-wpel-link="external" rel="nofollow external noopener noreferrer">NFTGo</a>, the Blue Chip Index is calculated by weighing the market cap (ETH/USD) of blue chip collections to mirror their efficiency. <div id="attachment_281140" style="width: 2570px" class="wp-caption aligncenter"><a target="_blank" href="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04.png" data-wpel-link="internal" rel="noopener"><img aria-describedby="caption-attachment-281140" class="wp-image-281140 size-full" alt="" width="2560" height="708" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-300x83.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-1024x283.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-768x212.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-1536x425.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-2048x566.png 2048w" data-lazy-sizes="(max-width: 2560px) 100vw, 2560px" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04.png"/><noscript><img aria-describedby="caption-attachment-281140" class="wp-image-281140 size-full" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04.png" alt="" width="2560" height="708" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-300x83.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-1024x283.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-768x212.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-1536x425.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-08.58.04-2048x566.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"/></noscript></a>Supply: NFTGo</div> <hr/> A 539.12x hike on the playing cards <a target="_blank" href="https://ambcrypto.com/calculator/marketcap" data-wpel-link="internal" rel="noopener">IF MANA reaches Bitcoin’s market cap?</a> <hr/> Whereas <a target="_blank" href="https://nftgo.io/collection/decentraland-wearables/overview" data-wpel-link="external" rel="nofollow external noopener noreferrer">Decentraland’s Wearables</a> assortment noticed a rally in gross sales quantity, its ground value declined considerably in 2022, knowledge from NFTGo revealed. All through 2022, an NFT from the gathering traded for lower than 0.01 ETH. Its highest value in 2022 was 0.0099 ETH on 22 February. Closing the yr at a ground value of 0.004 ETH, Decentraland Wearables suffered a 56% drop in worth. <div id="attachment_281142" style="width: 2570px" class="wp-caption aligncenter"><a target="_blank" href="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11.png" data-wpel-link="internal" rel="noopener"><img aria-describedby="caption-attachment-281142" class="wp-image-281142 size-full" alt="" width="2560" height="931" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-300x109.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-1024x372.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-768x279.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-1536x559.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-2048x745.png 2048w" data-lazy-sizes="(max-width: 2560px) 100vw, 2560px" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11.png"/><noscript><img aria-describedby="caption-attachment-281142" class="wp-image-281142 size-full" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11.png" alt="" width="2560" height="931" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-300x109.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-1024x372.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-768x279.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-1536x559.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.08.11-2048x745.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"/></noscript></a>Supply: NFTGo</div> Likewise, its <a target="_blank" href="https://nftgo.io/collection/decentraland-land/overview" data-wpel-link="external" rel="nofollow external noopener noreferrer">LAND NFT</a> assortment suffered the identical destiny. At a ground value of 1.2 ETH at press time, the gathering’s worth declined by 73% in 2022. <div id="attachment_281143" style="width: 2570px" class="wp-caption aligncenter"><a target="_blank" href="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06.png" data-wpel-link="internal" rel="noopener"><img aria-describedby="caption-attachment-281143" class="wp-image-281143 size-full" alt="" width="2560" height="919" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-300x108.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-1024x368.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-768x276.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-1536x552.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-2048x735.png 2048w" data-lazy-sizes="(max-width: 2560px) 100vw, 2560px" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06.png"/><noscript><img aria-describedby="caption-attachment-281143" class="wp-image-281143 size-full" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06.png" alt="" width="2560" height="919" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-300x108.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-1024x368.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-768x276.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-1536x552.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.12.06-2048x735.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"/></noscript></a>Supply: NFTGo</div> Additional, <a target="_blank" href="https://nftgo.io/collection/decentraland-names/overview" data-wpel-link="external" rel="nofollow external noopener noreferrer">Decentraland Names</a> had a ground value of 0.01 ETH as of 31 December, knowledge from NFTGo revealed. Nevertheless, this assortment offered for as excessive as 0.09 ETH in February. <div id="attachment_281144" style="width: 2570px" class="wp-caption aligncenter"><a target="_blank" href="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55.png" data-wpel-link="internal" rel="noopener"><img aria-describedby="caption-attachment-281144" class="wp-image-281144 size-full" alt="" width="2560" height="919" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-300x108.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-1024x368.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-768x276.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-1536x552.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-2048x735.png 2048w" data-lazy-sizes="(max-width: 2560px) 100vw, 2560px" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55.png"/><noscript><img aria-describedby="caption-attachment-281144" class="wp-image-281144 size-full" src="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55.png" alt="" width="2560" height="919" srcset="https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55.png 2560w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-300x108.png 300w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-1024x368.png 1024w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-768x276.png 768w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-1536x552.png 1536w, https://ambcrypto.com/wp-content/uploads/2022/12/Screenshot-2022-12-31-at-09.11.55-2048x735.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"/></noscript></a>Supply: NFTGo</div> The native token that powered the metaverse-based venture didn't fare any higher. Buying and selling at $0.2939 at press time, MANA’s value fell by 91% in 2022, knowledge from <a target="_blank" href="https://coinmarketcap.com/currencies/decentraland/" data-wpel-link="external" rel="nofollow external noopener noreferrer">CoinMarketCap</a> revealed. </div>