Ground costs for “blue chips” near two-year lows
The most important non-fungible token (NFT) collections by market capitalization are in a sea of pink as the most cost effective NFTs of their collections have plunged over the previous week, with some hitting close to two-year lows.
Yuga Labs’ flagship Bored Ape Yacht Membership (BAYC) Assortment – second largest by market capitalization in accordance to CoinGecko – reached a flooring value of 27.7 Ether (ETH), or $54,200 on July 3, a stage not seen since September 2021.
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