Once-hot NFT collections, including the celebrity-backed Bored Ape Yacht Club and CryptoPunk series, have tanked alongside cryptocurrencies and the stock market, leaving many digital collectible investors deep in the hole.
The Bored Ape Yacht Club series — which has been endorsed by celebrities including Tom Brady, Madonna, Jimmy Fallon and Future — has seen its value crumble in recent months as the Federal Reserve hikes interest rates and the economy is squeezed by inflation.
I have no words to describe “NFT” mania.
