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Similar to more than 90% of NFTs, BAYC saw a significant reduction in sales volume due to negative market sentiment during the seventh month of the year.
Bored Ape Yacht Club has climbed above CryptoPunks to become the second-largest NFT by all-time sales volume with more than $2.
Blockchain auditing firms are still trying to figure out how hackers gained access to about 8,000 private keys used to drain Solana-based wallets.
Investigations are ongoing after attackers managed to steal some $5 million worth of SOL and SPL tokens on Aug. 3.
Interest in the Metaverse is growing rapidly and fashion brands across the globe are taking note. A new report from the technology research and advisory firm Technavio found that the Metaverse will hit a market value of $50.37 billion by 2026.