06/07/2022 Floor price of popular NFT collections collapse due to bear market

Not even popular art collectibles could survive the wrath of the market downturn.

Floor price of popular NFT collections collapse due to bear market

It appears there is no respite anywhere in the crypto realm in the face of Monday's extraordinary market sell-off. Based on data from NFT Price Floor, the floor prices for Bored Ape Yacht Club (BAYC) andCryptoPunks, two of the most popular nonfungible token, or NFT, collections on the market, have fallen to 74 ETH ($92,223) and 48 ETH ($69,473), respectively.

In comparison, pieces in the BAYC collection had an all-time high floor price of 153.70 ETH, while the same metric amounted to 123 ETH for CryptoPunks. The data aggregator tracks 380 collections with a total market cap of $5.58 billion at the time of publication.

The sell-off among NFTs was partlyexacerbated by a warningjust a day prior, where Gordon Goner, co-founder of Yuga Labs — the firm owning both BAYC and CryptoPunks collections — issued a warning regarding an "imminent" attack on social media accounts operating under the firm's umbrella.

The incoming attack allegedly has the support of an insider from Twitter who would help bypass the security of the accounts. Yuga Labs' social accounts had beencompromisedthree times already this year, some of which involved sophisticated phishing attacks that drained millions of dollars worth of users' NFTs.

Meanwhile, according to DappRadar, the number of users on OpenSea.io, the largest NFT marketplace by volume, hasfallen14% in the past month. Simultaneously, monthly trading volume fell 65% to $500 million. Interestingly, the number of transactions increased month over month by 6.4%, possibly due to the sheer number of users seeking to sell their NFT collections at a better price.

Arts

https://cointelegraph.com/news/floor-price-of-popular-nft-collections-collapse-due-to-bear-market

Interesting NFTs
Ringers #879
There are an almost infinite number of ways to wrap a string around a set of pegs. On the surface it may seem like a simple concept but prepare to be surprised and delighted at the variety of combinations the algorithm can produce. Each output from 'Ringers' is derived from a unique transaction hash and generated in Javascript in the browser. Feature variations include peg count, sizing, layout, wrap orientation, and a few colorful flourishes for good measure.
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
OG Selkirk Triple Mewt
Mahalo! I'm OG Selkirk Triple Mewt. I've never told anyone this, but I once cleaned a dog. I once got in a fight with a rhino, and won. Let's get busy!
Hairy
hairy by Steve Aoki x Antoni Tudisco. Comes with Infinite Objects screen!
#53677
By OthersideDeployer