Ethereum NFT royalties hit 2-year low as Bored Ape floor price falls below 30 ETH By Cointelegraph

July 6, 2023 Alex Rustok



Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen.

Data shared with Cointelegraph highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club (BAYC) NFTs, as well as the controversy surrounding the launch of the Azuki Elementals collection.

Total royalties paid to NFT projects. Source: Nansen NFT trends dashboard