The NFT market continues to be impacted and feeling the heat even more. Coming into the third week of August, the global sales volume for NFT is around $639 million. With that, this could be the third consecutive month that NFT sales fall below the $1 billion mark.
The market is not all down.According to Cryptoslam’s statistics, the leading collection is Bored Ape Yacht Club (BAYC), with sales of $2.5 million. Amid this downturn, BAYC managed to sell their “golden ape” at 777 (CRYPTO: ETH) or around $1.5 million. Despite the high price, this golden ape (CRYPTO: APE) has ranked only 320th in rarity according to the website Rarity Tools.”I wanted to collect a golden monkey. 777eth is a suitable price. Yuga [Labs, the creator of BAYC] will be the first successful social [meta]verse,” said buyer and collector Vis.Eth in an interview with BAYC news outlet Bored Ape Gazette.
The other limelight would be on Bybit’s NFT Marketplace. They have announced the release of its brand-new specialized NFT portal GrabPic, where users can purchase state-of-the-art NFTs at attractive prices, with no gas fee, and trade for profit in the secondary market. With GrabPic, Bybit offers high-quality, exclusive NFT projects from crypto-native and traditional artists, GameFi projects, Metaverse projects, and many more.
Their first GrabPic listing is Zero to Hero. This is its very first NFT book collection offered to their users. This new NFT collection is created by Anndy Lian, a celebrated thought leader in the crypto and NFT community
This news is published and verified by the NFT News media team.
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