Gate News reports that on March 29, despite several digital art projects being showcased at the Art Basel Hong Kong, the NFT market overall remains sluggish, with no significant signs of recovery. Specifically, the listing price of Bored Ape #5278 from the “Bored Ape” series is currently only 7 ETH, down over 100 ETH from its last transaction price, reflecting a substantial decline in the valuation of top NFT assets. Once regarded as a rapidly rising asset class, the NFT art market has significantly cooled, with liquidity and price performance continuing to face pressure.
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