NFTS: Supervisory authorities are being monitored in the middle of the market depress

The market for non -fungible tokens (NFTS) is on the move. The trading volume has collapsed since the beginning of the year, while the crypto winter continues. In the last 30 days alone, the average price of a Bored Ape Yacht Club NFT-think of monkey avatars with sailor hats and gold teeth-falling for a fifth according to blockchain tracker Dappradar. The price of APECOIN, the cryptocurrency associated with Bored Apes, has fallen by 80 percent since May.

Some companies that were once enthusiastic about attaching their car to the latest tech key word put plans on ice. conviction of an assassin The video game publisher Ubisoft spoke the idea of ​​a digital market just to say that it was only about researching ideas. This week the CNN news network has closed its marketplace for tokens of "news moments".

hobbyists can just get out in time. NFTs are often bought in cryptocurrencies. According to the blockchain analysis company Chainalysis, criminal activities in Krypto achieved a new high this month. But you could benefit from the regulatory authorities to monitor the market. According to reports, the US Securities and Exchange Commission, whether NFTS, are sold by Yuga Labs, the Creator of Bored Ape Yacht Club, are securities.

When asked what NFTs are good for, there is still no satisfactory answer. In theory, they are a practical application for blockchain: tokens that serve as proof of ownership for digital files. For some investors, however, they may have been simply a way to use cryptocurrencies that exploded in the price last year.

Numerous brands hope that NTFS can build online loyalty, although some projects look suspicious of the desire to buy in a hype. Did the luxury brand Balmain have to address customers with NFTS in a barbie style? Does the British artist Damien Hirst light his own work of art so that it only exists as the corresponding NFT?

It is possible that the market for tokens for pictures was not a helpful distraction. Checking the possession of collector's pieces and licenses is less noticeable than JPEGS, but could be more useful.