After the FTX liquidity crunch crypto prices are down, which is affecting the NFT market. “Blue chip” BAYC NFTs are seeing sinking prices as ETH falls and owners potentially panic-sell their assets.
The creators of move-to-earn game StepN, Find Satoshi Lab, launched an Ethereum and Solana NFT marketplace called MOOAR. It enforces creator-set royalties and has a monthly subscription fee.
BAYC NFT prices have been down significantly in recent weeks. This price drop has not only affected NFT traders, but also celebrities, like Justin Bieber. Bieber bought an average NFT for $1.3 million, and now it’s worth a tiny fraction of what he paid for.
BAYC NFT prices have been down significantly in recent weeks. This price drop has not only affected NFT traders, but also celebrities, like Justin Bieber. Bieber bought an average NFT for $1.3 million, and now it’s worth a tiny fraction of what he paid for.
After the FTX liquidity crunch crypto prices are down, which is affecting the NFT market. “Blue chip” BAYC NFTs are seeing sinking prices as ETH falls and owners potentially panic-sell their assets.
The creators of move-to-earn game StepN, Find Satoshi Lab, launched an Ethereum and Solana NFT marketplace called MOOAR. It enforces creator-set royalties and has a monthly subscription fee.
Crypto businessman Martin Mobarak destroyed a Frida Kahlo drawing worth $10 million for his NFT project. Sadly, the project has so far sold NFTs for only $11,000, and Mobarak has broken Mexican law with his stunt.
Meta recently announced that it has started testing minting and selling NFTs on Instagram with a small group of creators in the US along with expanding its NFT showcase feature.
Apple has updated its AppStore terms and conditions. Among others, there are paragraphs about NFT and crypto exchanges. The future of NFTs on Apple devices is uncertain.
