In February, 20 percent of employees were announced to be laid off; in last November, 22 percent were laid off.
Now sales volume and user numbers on NFT trading floors continue to decline. Bored Apes has seen the value of some NFTs drop by more than 80%.
Earlier, it was revealed that the rise of platforms like Blur and OpenSea had caused NFT creators to receive much lower royalties.
The value of Justin Biber s NFT from the BAYC collection has fallen tenfold in a year and a half.. However, by July 2023, the token had fallen 95% in value, leaving Bieber with a loss of about $1.2 million