# Surprisingly, NFT trading volume didn’t crash in 2022.

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2023-02-16
**URL:** https://paragraph.com/@durwin/surprisingly-nft-trading-volume-didn-t-crash-in-2022

## Content

Want to buy a 45 pounds gold skateboard that you can physically receive when you burn the NFT?Haters gonna hate, Potatoes gonna potate, Rotis gonna rotate. Critics are pointing out that the NFT hype is dead and buried. RIP to NFTs and that was a fad that should never have gotten traction in the first place. Good riddance. Oh really? Yuga Labs just created a new game called Dookey Dash, for all its NFT holders. Oscar-winning actor Anthony Hopkins sold out his entire 1,000 NFT collection in 7 minutes. Donald Trump sold out his 45,000 NFT collection in 2 days and made $4.5M. Reddit onboarded 3.2M users into web3 and didn’t call it NFTs but Digital Collectibles instead. Instagram jumped into NFTs with their minting and selling features. Gentle reminder, they have 1.28 billion users.Stepping into Web3: the Web2 titan Instagram allowed users to display NFTs as their profile pictures.Azuki, one of the top 10 NFTs, widely considered a blue-chip despite some controversies, raised $2.5M selling 8 golden skateboard NFTs. Check this out: you can literally burn the NFTs at any time and redeem a physical, gorgeous-looking 24K gold-plated golden skateboard that weights 45 pound. They do not recommend you go skateboarding with it at all. But honestly, who would actually burn and redeem it? That is why only 8 were produced as they were experimenting to see how far they can go with phygital goods. Then someone just paid nearly a million bucks for a bored ape NFT in Nov 2022. “The golden-fur Ethereum NFT sold for 800 ETH, or about $927,000, even as wider Bored Ape Yacht Club prices trend downward.”Someone just bought a bored ape for nearly a million dollars recently.Good golly, is that even real? Who has that kind of moolah to spend in such a icy cold crypto winter? “Bored Ape Yacht Club NFT #232 sold this morning for 800 ETH on the secondary market, or about $927,000. The tokenized profile picture (PFP) was sold by Deepak Thapliydal, CEO of Web3 cloud software startup Chain, and purchased by notable pseudonymous collector Keung.” Well, is there a possibility that they were wash trading or faking a transaction? I won’t deny the possibility, but then why even bother? Thapliydal is a familiar name. He once paid 8,000 ETH — or $23.7 million worth at the time, for a single CryptoPunk NFT. Seriously, how much house money does he have?So NFTs definitely have weakened considerably over the year, but not as much as you would think. Trading volume was $25B in 2021. It was $24.7B in 2022. Shocking eh? Not sure if that means NFTs are “dead”, but things will evolve and people will find creative ways to make money. NFTs will survive and take on newer, crazier and more interesting form factors. And with more and more large brands and web3 companies turning their attention to it, it will definitely evolve for betterment. Don’t discount it just yet. - Are NFTs dead? - #startups #business #startupx #growth #success #socialmedia #culture #web3 #eth #btc #crypto #influencers #nft #nftmarket #anthonyhopkins #azukis #skateboards #instagram #nftdead #tradingvolume

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