{"id":6750,"date":"2023-05-04T08:26:37","date_gmt":"2023-05-04T08:26:37","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/04\/nate-alexs-600000-cryptokitty-nft-now-worth-only-3752\/"},"modified":"2023-05-04T08:26:37","modified_gmt":"2023-05-04T08:26:37","slug":"nate-alexs-600000-cryptokitty-nft-now-worth-only-3752","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/04\/nate-alexs-600000-cryptokitty-nft-now-worth-only-3752\/","title":{"rendered":"Nate Alex&#8217;s $600,000 CryptoKitty NFT Now Worth Only $3752"},"content":{"rendered":"<p><\/p>\n<div>\n<p>In 2018, Nate Alex caused a stir when he bought a CryptoKitty NFT for a staggering $600,000. At the time, CryptoKitties were one of the hottest digital collectibles around. However, three years later, the same CryptoKitty is now worth only $3,752, a huge 99% decrease in value. Let\u2019s dive in!<\/p>\n<figure id=\"attachment_103273\" aria-describedby=\"caption-attachment-103273\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-103273\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa.jpeg\" alt=\"Nate Alex's CryptoKitty NFT\" width=\"1200\" height=\"663\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa.jpeg 1200w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa-300x166.jpeg 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa-1024x566.jpeg 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa-768x424.jpeg 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa-101x56.jpeg 101w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa-150x83.jpeg 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa-450x249.jpeg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/noscript><figcaption id=\"caption-attachment-103273\" class=\"wp-caption-text\">The Value of CryptoKitties NFTs Drops by 99%. Image: Nate Alex<\/figcaption><\/figure>\n<h2><span id=\"CryptoKitty_NFT_Catastrophe_Lessons_Learned_from_a_Drastic_Value_Drop\">CryptoKitty NFT Catastrophe: Lessons Learned from a Drastic Value Drop<\/span><\/h2>\n<p>CryptoKitties are <a href=\"https:\/\/www.cryptokitties.co\/\" target=\"_blank\" rel=\"noopener\">digital cats<\/a> that exist on the Ethereum blockchain. Each CryptoKitty is unique and the value of each NFT is determined by its rarity and desirability. In the collection, there are \u2018Fancy Cats,\u2019 \u2018Exclusive Cats,\u2019 and \u2018Special Edition Cats.\u2019 Holders can use their CryptoKitties to breed and sire new kittens. In 2017 and 2018, CryptoKitties gained immense popularity. Moreover, some NFT enthusiasts bought rare kitties for astronomical prices.<\/p>\n<p>Nate Alex\u2019s CryptoKitty NFT was one of the rarest around. It was a \u201cFounder Cat,\u201d one of the first CryptoKitties ever created. Founder Cats were only available for purchase during the first week of CryptoKitties\u2019 release, making them extremely rare and desirable. Nate Alex bought his Founder Cat, named \u201cGenesis,\u201d for $600,000.<\/p>\n<p>However, since then, the CryptoKitty market has cooled off considerably. The hype around CryptoKitties has died down, and the value of most CryptoKitties has plummeted.<\/p>\n<p>The case of Nate Alex\u2019s CryptoKitty NFT serves as a cautionary tale for those <a href=\"http:\/\/&quot;https:\/\/nftevening.com\/what-is-investing\" target=\"_blank\">investing in digital collectibles.<\/a> While some CryptoKitties may still hold value, the market is highly speculative, and prices can fluctuate wildly. As with any investment, it\u2019s important to do your research and consider the risks before making a purchase!<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/nate-alexs-600000-cryptokitty-nft-now-worth-only-3752\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2018, Nate Alex caused a stir when he bought a CryptoKitty NFT for a staggering $600,000. At the time, CryptoKitties were one of the hottest digital collectibles around. However, three years later, the same CryptoKitty is now worth only $3,752, a huge 99% decrease in value. Let\u2019s dive in! The Value of CryptoKitties NFTs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/FvOi6rCX0AcPOWa.jpeg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/6750"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=6750"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/6750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/6751"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=6750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=6750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=6750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}