Share this article
Beleaguered NFT Traders Can Now Relive Mania With Fantasy League Game
As NFT winter deepens, Flip says its new fantasy league will still provide traders the “sweet adrenaline” of flipping JPEGs.
By Tracy Wang
Updated May 11, 2023, 5:52 p.m. Published Sep 30, 2022, 9:29 p.m.
Non-fungible token (NFT) traders who’ve lost real money amid this year’s market downturn can now try wagering fake funds on JPEGs through something akin to fantasy sports, amassing a mock portfolio through NFT data and trading platform called Flip.
Participants in the new NFT fantasy league can pretend-buy NFTs, and those with the best simulated portfolio performance win prizes.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“Fantasy Flip is a way to have fun in a bear market,” Flip co-founder Brian Krogsgard, who goes by Ledgerstatus on Twitter, told CoinDesk. “Most of us are too poor to be spending the [ether] we have left on huge sweeps, but we still want that sweet adrenaline rush of flipping JPEGs. It’s fun for folks who want to participate in NFTs but can’t do so with big money.”
NFT trading volumes have fallen nearly 97% from this year’s January highs, according to data provider Dune Analytics. And many formerly high-flying JPEGs now fetch a pittance compared with their peak prices.
“We may be too poor to transact much in real life, but we still have the spirit for NFTs,” Krogsgard said.
There are, however, 36% more NFT traders now than there were a year ago, according to a report by DappRadar. “NFT volumes are way down across the board, but interest is still high,” Krogsgard said. “We're still super excited about the future of NFTs.”
Flip, launched amid the NFT winter in April 2022 by Krogsgard and co-founders Sam Hotchkiss and Jennifer Jacobs, helps customers navigate the actual – not fantasy – NFT market, enabling trading on multiple marketplaces and providing portfolio and wallet tracking.
CORRECTION (Sept. 30, 2022 21:40 UTC) – Corrects Sam Hotchkiss' first name.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
What to know:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
