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Ethereum NFT Marketplaces

Jan 22, 2024 • 11 Min Read

Introduction

Ethereum-based NFTs experienced a frenzy in the 2021 bull market, with the floor price of the popular Bored Ape Yacht Club collection (BAYC) reaching an all-time high of $420k per NFT. Skeptics were left baffled at the apparent lack of utility and inherent value in these unique digital tokens, which went for prices that could buy houses despite the ability of others to “right-click save” the same image. It wasn’t just newly monied crypto natives paying outrageous prices for profile pictures; buyers ranged from soccer superstar Neymar Jr. to popstars Justin Bieber and Pos...

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