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Yuga Labs, a renowned web3 lifestyle, media and digital assets incubation company that created the Bored Ape Yacht Club, Mutant Ape Yacht Club and other related non-fungible token projects, is currently hosting its much-anticipated annual non-fungible token event ApeFest. The NFT event kicked off yesterday at The Conrad Hotel in Las Vegas, Nevada, United States. In response to the hype coming from this NFT event, the Bored Ape NFT has seen its sales volume flying by +200%. Bored Ape Jumps +200% In Daily Sales Volume Data compiled by cryptoslam, an on-chain crypto market data aggregator and non-fungible token explorer tracking non-fungible token collections from more than 20 blockchain networks, shows that the Bored Ape Yacht Club NFT collection has made positive growth in trading sales volume. In the past 24 hours, the Bored Ape Yacht Club NFT collection has raised a trading sales volume of $819,756. During this period, the Bored Ape Yacht Club NFT trading sales volume has jumped by...

As the year draws to a close, we do an NFT market Analysis , mapping its trajectory and comparing it with the predictions experts have laid out for 2024. 2023 was not the best year to be a non-fungible token (NFT) holder or trader. Following nearly two years of unprecedented growth, a liquidity plunge hit the NFT market in Q4 2022, persisting into mid-2023.  It caused the floor prices of at least 95% of NFT projects to crash near zero levels, as revealed by a dappGambl report from September. To stress the gravity of the situation, the report indicated that nearly 80% of all NFT tokens remained unsold as there was virtually no demand to keep up with the supply. Furthermore, per dappGambl, less than 1% of nearly 9,000 top NFT collections it surveyed had a value north of $6,000. About 41% were priced between $5 and $100, while 18% were worthless, with a floor price of 0 Ether (ETH). Dead NFTs | Source: dappGambl report NFT market analysis for 2023 Despite the decline in the broad...