NFT Collectibles Brace For Value Plunge In 2023

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Experts predict a significant decrease in the value of several highly desirable NFTs in 2023. The current trends indicate a decline in the worth of metaverse properties that were once considered lucrative investments. Leading NFT ventures, such as Doodles, Invisible Friends, Moonbirds, and Goblin-town, have experienced substantial drops in their Ether value, with losses of up to 95%. On average, blue-chip NFT collections have seen a decline of over 40%.