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Hard-Hit NFTs See Sales Surge After Anticipated Ethereum Merge

Sept. 15, 2022, 8:56 PM

The price of the world’s second-largest cryptocurrency by market value, Ether, and other digital assets are down, but it’s a different story for nonfungible tokens following the long-awaited upgrade of the Ethereum blockchain.

Sales and prices of NFTs have surged, according to crypto data tracker DappRadar. The upgrade, known as the Merge, also seems to have benefited marketplaces that sell NFTs based on Ethereum, which is the most popular blockchain for this type of token.

One of the top NFT collections, Bored Ape Yacht Club, recorded $1.3 million in sales as of 4 p.m. New York time ...