Sales of the popular Bored Apes NFTs – these nonfungible species nearly considered extinct by some people in the market – are reviving weak spirits and giving hope to those who are about to give up on these silly looking monkeys.
The cryptocurrency market has been hit hard on all fronts. However, the NFT sector was particularly heavily damaged. NonFungible claims that recent events have completely crippled the NFT market.
This is not a joke, therefore allow us to give you a quick rundown of BAYC: It is thanks to Bored Apes and its related collections that the NFT scene is still going strong.
Though interest in NFTs and transaction volume are currently low, a surge is expected in the near future.
According to their findings, trading activity in NFTs plummeted by 77%, leading to a reduction in both retail sales volume and after-tax earnings. The current state of the NFT market is crystallized in a recent sale.
Bored Ape #232. Image: NFT Plazas
Recently, an anonymous buyer called Keu
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