The NFT dream isn't dead, but it's taken a big non-fungible beating.
isn’t dead, but it’s taken a big non-fungible beating.
The average sale price for a Bored Ape tumbled to around $110 000 in June, having halved since January The Malaysian businessman who bought an NFT of Jack Dorsey’s first tweet for $2.5-million last year struggled to get bids of more than a few thousand dollars when he tried to re-sell it in April.But Benoit Bosc, global head of product at crypto trading firm GSR, sees the downturn as the perfect time to build a corporate NFT collection — the crypto equivalent of the fine art traditional banks display to impress clients.
In his New York office, Bosc put up three screens on which to display his NFTs, which include various pixellated characters and a Bored Ape bought for $125 000.
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