The business of non-fungible-tokens is getting serious. While they may have started out looking like speculative jpeg images they are now redefining the “crypto consumer stack” in terms of games, social, content and commerce, brokerage and research firm Bernstein said in a research report Monday.
“NFTS are not dead,” analysts Gautam Chhugani and Manas Agrawal wrote, noting that well known collections such as the Bored Ape are still holding a floor price of $100,000, and the number of active monthly users on OpenSea is stable at about 360,000, down about 35% from a high of around 550,000.
BernsteinBuzz willcanny99 🚀Thankss a millon
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