When BAYC creator Yuga Labs debuted its hype-laden metaverse project earlier this year, it sold land rights as NFTs for about $7,000 each (buyers paid thousands more in gas fees). Now, with much of the excitement drained from crypto markets, they’re fetching about 1.25 ETH, or roughly $1,600 at current market prices. Before today’s crash, the project had held its 1.65 ETH floor for the past three weeks amid ETH’s own bottoming out in the $1,200-to-$1,300 range.
Source: https://www.coindesk.com/web3/2022/10/21/the-floor-price-for-bored-apes-otherdeed-nfts-is-crashing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines