The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it's looking ugly.
"We have seen so much speculation, so much hype around this kind of asset," he added."Now we see some sort of decrease just because people realise they will not become a millionaire in two days." 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.
Yet the average sale price for a Bored Ape tumbled to around $110,000 in June, having halved since its January peak of $238,000, according to market tracker CryptoSlam.
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Source: asiaonecom - 🏆 10. / 59 Read more »
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NFT art creators take cover amid crypto crashA month before the May collapse of Terra Luna, Shavonne Wong – one of the bona fide NFT stars from Singapore – sold a collection of NFTs (non-fungible tokens) to a global fanbase in just one minute. The project, titled By Proxy, was in collaboration with hot young photographer Lenne Chai. It showed 60 images of a digitally sculpted schoolgirl...
Source: asiaonecom - 🏆 10. / 59 Read more »
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Source: asiaonecom - 🏆 10. / 59 Read more »