The nonfungible token (NFT) market has been encountering a massive downturn, with prices of popular NFT collections dropping. One renowned collection, the Bored Ape Yacht Club (BAYC) has recorded a steep drop, reaching a two-year low. The recent crash in NFT prices proves that the winter season in the digital assets space is not yet… Continue reading NFT Market Drops: Bored Ape Yacht Club Touches 2-Year Lows
Tag: BEANZ
Major NFTs See Sales Explode But ETH Remains Unchanged Amid Bear Market
Many major nonfungible tokens (NFTs) recorded a surge in sales and transaction volumes on December 11, with at least one gaining more than 1000%. Sales and transactions of major NFTs hit a surge even though the price of Ether remained mostly unaffected. The recent rally in nonfungible tokens comes amid weakening prices of digital assets… Continue reading Major NFTs See Sales Explode But ETH Remains Unchanged Amid Bear Market