NFTs
Bored Ape NFTs that attracted Madonna and Eminem are down 93% from their peak
The Bored Ape Yacht Club non-fungible tokens, which rose from obscurity to fetch hundreds of thousands of dollars in the last cryptocurrency bull market, appear to be slipping back into obscurity.
The so-called floor price for the collection of depressed-looking apes has fallen 93% since peaking two years ago, to 10.2 Ether on Friday, data from researcher Nansen shows. That’s the lowest since August 2021, just four months after the BAYC project launched. The drop in the dollar value is of similar magnitude.
More than any other digital collectible, Bored Apes has come to symbolize the rise of NFTs as…