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NFT Collector Nate Alex's $600K Investment in Cryptokitty Plummets to $3.7K, Suffers 99% Loss

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May 5 (Cointime) - Nate Alex, a well-known NFT collector, recently shared on social media his acquisition of the "Celestial Cyber Dimension" NFT for a staggering $600,000. Unfortunately, the value of his investment has plummeted, with the highest offer he's received at a meager $3,752 - a crushing 99% loss on his initial investment. 

Celestial Cyber Dimension is a cryptokitty designed by the company's head of art Guile Gaspar. CryptoKitties is a blockchain game developed by Canadian studio Dapper Labs. The game allows players to buy, sell, and create NFTs using Ethereum. These NFTs represent virtual cats.

Despite this setback, Alex remains resolute in his confidence that the NFT will rocket. "the best part is that one day i will sell it for 7 figures" Alex wrote in a tweet.

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