Some Bad Bored Apes Won’t Undermine the NFT Market: Aaron Brown

One of the discouraging things about working in cryptocurrencies is that almost all the outside focus is on price changes and the resulting fortunes won and lost. Since the most insubstantial assets have the greatest price volatility, this can lead casual observers to think crypto is all froth and nonsense.

The latest example is the excitement over the price decline of Bored Ape Yacht Cluband similar “blue chip” collectable non-fungible tokens (NFTs). Blame for the decline was directed toward the poor market reception of Azuki Elementals NFTs, brought out by Chiru Labs, creators of some of the most ...