Bored Apes and Other Yuga Ethereum NFTs Are Shedding Value Se | Metaverse | Nfts | News
Bored Apes and Other Yuga Ethereum NFTs Are Shedding Value
Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price.
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