As meme coins and bitcoin surge, NFTs have been left behind

The post-Trump election crypto rally, which sparked a surge in bitcoin costs to report ranges and a increase in meme cash, appears to be leaving one crypto increase fad – NFTs – within the sluggish lane.

In a bubble market in 2021-22, costs for the digital property, often known as non-fungible tokens, went by the roof. Bored Ape NFTs, that includes photographs of cartoon-like monkeys, had been altering arms for greater than $US400,000, a collage by digital artist Beeple fetched a staggering $US69.3 million ($110 million), at a Christie’s public sale, an animated feline called “Nyan Cat” sold for $US600,000, and a picture of Twitter co-founder Jack Dorsey’s first tweet bought for greater than $US2.9 million.