Cryptoverse: Punk apes and a resurrection of NFTs

Published by
Reuters UK

By Medha Singh (Reuters) – It’s alive! The NFT market is twitching out of its torpor, defying reports of its demise. Total NFT sales on the ethereum blockchain – which hosts most trading – jumped to $780.2 million in January from $546.9 million the month before, according to market tracker CryptoSlam. Digital art collectibles were among the big hits. “Bored Ape Yacht Club #5840” – a cartoon monkey shooting green lasers from its eyes – went for $822,730, for example, while “CryptoPunks #7674” – a pixelated character smoking a pipe – fetched $433,555. The average NFT sale price was a more modest…

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