NFT Fans Say 2023 Is Looking Up After Rocky 2022 (Podcast)
07/04/2023 12:19
Bored Ape Yacht Club tokens recently sold for $9.25 million, giving some crypto investors hope for a market revival.
Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify.
Some might argue that the popularity of nonfungible tokens faded as quickly as it rose. NFTs boomed in early 2022 when crypto mania was at fever pitch. But a steep decline in sales and prices quickly followed as a crypto winter set in last year and digital asset bankruptcies piled up, culminating with the collapse of crypto exchange FTX. But as we are well into 2023, some crypto traders and NFT owners are cautiously optimistic, eyeing a rally in Bitcoin.