'VC funding in the space has evaporated. Young smart builders want to move on but feel trapped.'
Illustrating the decline, a highly-anticipated anime-themed NFT collection called Ether seriously fumbled its launch earlier this month.last week. "Only 5 NFTs sold on [OpenSea] in the past 20 min."
At the time of writing, the floor price for the NFTs was 0.42 Ether, or roughly $1,897.30, a far cry from the"Why should you as the retail customer pay $1,200 USD to the ether team for this NFT?" another collector. "Now that liquidity is tight retail consumers are finally questioning the value proposition new NFT companies are offering."
In other words, Ether was taking a page out of the summer 2022 rulebook, a time full of hot new projects that saw major success by copying those who came before them, asBut that kind of approach simply isn't working anymore. After all, apart from being able to claim you're the exclusive owner, NFTs don't really have any inherent value.CryptoSlam
, global sales volumes are hitting multi-year lows, despite tens of thousands of buyers and sellers still active in the space. Roham Gharegozlou, the CEO of Dapper Labs, a blockchain games company, announced last week that the company laid off 51 staff, theThe value of Bored Ape NFTs, once seen as prized multi-million-dollar possessions that
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
NASCAR Cup Notes, Crayon 301 Monday Results: Winner Truex Jr.'s New Hampshire Roots Go DeepPlus: Kevin Harvick not afraid to speak out, AJ Allmendinger laments small-team issues and more.
Leer más »
OpenSea halts trading of staked-ether NFTs as creator calls marketplace 'unlicensed casino'The most popular NFT marketplace by number of traders stops trading of Ether.Fi's staked-ether tokens.
Leer más »
Oases Partners With Belvedere Museum: Iconic 'The Kiss' by Gustav Klimt to Become NFTBelvedere Museum and Oases Unite: Gustav Klimt's 'The Kiss' Transformed into Exclusive NFT Collection
Leer más »
Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash, and moreThe Bank of America’s staff are getting trained by AI bots and metaverse avatars, Donald Trump’s NFT business is hodling its gains on Ethereum, Siemens will make its new buildings in the metaverse before they’re real and Puma’s new kicks are embedded with an NFT.
Leer más »
Country Music’s Culture Wars and the Remaking of NashvilleThe problem with country radio isn’t complicated, a worker on Nashville’s Music Row said: the old generation still runs everything and will never change its mind.
Leer más »