When BAYC creator Yuga Labs debuted its hype-laden metaverse undertaking earlier this 12 months, it bought land rights as NFTs for about $7,000 every (consumers paid hundreds extra in fuel charges). Now, with a lot of the joy drained from crypto markets, they’re fetching about 1.25 ETH, or roughly $1,600 at present market costs. Earlier than at the moment’s crash, the undertaking had held its 1.65 ETH ground for the previous three weeks amid ETH’s personal bottoming out within the $1,200-to-$1,300 vary.
