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Some might argue that the popularity of NFTs faded as quickly as it rose. NFTs boomed in early 2022 when the crypto mania was at fever pitch. But a steep decline in sales and prices quickly followed, as 2022’s crypto winter set in, and digital asset bankruptcies piled up, culminating with the collapse of FTX late last year. But as we move into 2023, some crypto traders and NFT owners are cautiously optimistic, eyeing a Bitcoin bump despite the last year.
Former bond traders Ovie Faruq and Mike Anderson recently sold 72 iconic Bored Ape Yacht Club NFTs for around 78 Eth each, which translated to roughly $9.25 million at the time.
Bloomberg reporter Abhinav Ramnarayan and Ovie Faruq, Co-founder at Canary Labs, join senior editor Anna Irrera to discuss the ins and outs of trading NFTs.
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Bonus: The Crypto Story by Matt Levine - Part 5
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Weekend Bonus: Crypto IRL, Episode 8, with Tim and Katie
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Assessing BITO One Year In
FTX Bankruptcy Fallout Continues to Cause Crypto Chaos
The Mango Hack
Bonus: The Crypto Story by Matt Levine - Part 3
Weekend Bonus: Crypto IRL, Episode 7, with Tim and Katie
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