Re-Evolution: NFTs to Stockpile During the Crypto Market Crash – The Ritz Herald

NFTs have suffered a severe non-fungible blow, yet as an asset class, they are still operating in record numbers, according to billionaire investor Mark Cuban, one of the many investors behind OpenSea, the leading NFT marketplace.

As cryptocurrency-rich speculators spent billions of dollars on these assets, driving up prices and profits, the market increased magnificently last year. Currently, six months into 2022, its looking a bit ugly.

OpenSea, the largest NFT marketplace, had a sharp decline in monthly sales value to $700 million in June from $2.6 billion in May, a far cry from the record of around $5 billion in January.

According to NonFungible.com, which records sales on the Ethereum and Ronin blockchains, the average NFT sale dropped to $412 by late June from $1754 at the end of April.

With central banks raising rates to fight inflation, the NFT market, along with cryptocurrencies, has fallen as consumers risk appetite waned.

However, analysts are hotly debating a new NFT project that they think might survive the market meltdown due to some properties that make it truly exciting.

Re-Evolution

Re-Evolution, an NFT project, consists of 5,000 planets that each have a unique set of qualities, resources, and rarities. Re-Evolution NFT includes access to the Unity Game Engine-based transformative play-to-earn.

Players can engage with their planets in the Re-Evolution game to create their civilizations and cultures. Players make decisions as the Supreme Rulers of their societies, impacting the level of happiness of their civilizations. Players will get extra $REV tokens if the civilization has a high satisfactory level.

Re-Evolution is not only an NFT project but also an initiative with a cause. The project will donate a portion of its sales to organizations that the community chooses. Re-Evolution establishes a legitimate DAO community of which holders can be a part, together with the governance token.

Learn more about Re-Evolution by visiting their website at re-evolution.io.

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Re-Evolution: NFTs to Stockpile During the Crypto Market Crash - The Ritz Herald