Analytics platform Nansen reports blue chip NFT token prices have dropped by 25% or more over the past 30 days. 😱 However, some collections showed growth.
Those affected include Bored Ape Yacht Club (BAYC), DeGods, CryptoPunks, Azuki, Mutant Ape Yacht Club (MAYC) and Moonbirds. DeGods lost 55%, Azuki Elementals and BAYC fell 48% and 27%, respectively. 😰
At the same time, the Milady collection grew by 66%, and Sproto Gremlins by 262%. Despite the losses, NFTs continue to find applications in real life, such as airline tickets and the metaverse.