The cryptocurrency bear market knocked the wind out of the non-fungible token (NFT) market in 2022. The drop in the value of projects across the board meant that there was no liquidity and sales plummeted. Projects like Flow (FLOW) and Tezos (XTZ) lost their momentum. Uwerx (WERX) is a new project that can help investors find gains and avoid the slow recovery in NFTs.
Uwerx (WERX) Can Disrupt the Gig Economy
Uwerx wants to disrupt the market for freelance workers. The project is bringing a blockchain platform to the market which will unite employers and digital workers. That sector has been booming and was helped by the pandemic shift in working habits. Uwerx can improve on the current offerings with blockchain technology, and analysts are excited about a project that has been tipped to soar by 6,000%.
The rival Upwork platform currently has a market capitalization of $1.5bn, and that would be enough to get the project into the top thirty crypto projects. Uwerx can grab market share with a platform that benefits employees and workers. Uwerx is currently in a presale at $0.0065 and investors have a chance to jump in at a very attractive price. The project has a high likelihood of becoming a blue-chip cryptocurrency platform used by millions around the world.
Flow (FLOW) Sees its Value Evaporate
Flow (FLOW) was flying high in the bull market but has seen its fortunes turn. Flow (FLOW) looked to be on the path to the top as it was selected last year to assist Meta Platforms, formerly Facebook, with NFTs on its Instagram platform. That failed to add substantial price gains and Flow (FLOW) has continued to drop. Another win for the project is a move by toy maker Mattel to create an NFT marketplace on Flow (FLOW). That will see the popular Hot Wheels NFT collection moving from the WAX marketplace to Flow.
Flow (FLOW) saw its price hit a high of $36 in 2021 but has since crashed to $0.90. That could be a bargain for investors who have trust in the project, but it will take time for the NFT market to recover. Alongside a steep drop in total sales value, the NFT market also witnessed a downturn in the number of active wallets. Last week, the NFT space only had around 13,000 active wallets, 80% less than in the same month a year ago.
Tezos (XTZ) Loses its NFT Momentum
Tezos (XTZ) was also starting to move towards NFTs before the market collapsed. One of the more recent partnerships was with the English Premier League football team Manchester United. Tezos (XTZ) also offers smart contract technology, but there is stiff competition in that space from the likes of Avalanche and Ethereum. Tezos (XTZ) previously signed a sponsorship deal with the Mercedes-Benz Formula 1 racing team, but that has ended as the sport distances itself from crypto.
Some teams had a sponsorship with the FTX exchange and are starting to consider other options. Tezos Foundation’s decision not to renew their agreement in December 2022, was blamed on “strategical priorities.” Tezos (XTZ) will also have a long wait for the NFT market to recover in a substantial way. Although FLOW and XTZ could see some positive price gains in the future, we believe it would be advantageous to seek opportunities with higher growth potential, and Uwerx fits that mold.
It is our belief that Uwerx possesses significant potential and may warrant consideration despite its inherent risks. The token has successfully completed audits conducted by both InterFi Network and SolidProof, the liquidity will remain locked for a period of 25 years following the completion of the presale and contract ownership will be renounced when the project is ready to be listed on centrealized exchanges.
Further details regarding Uwerx, the 25% purchase bonus and the chance to win $5,000 in WERX TOKENS can be accessed through the provided links.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
