BAYC NFT Collection Ends 2022 with a Low Price of 69 ETH – Cryptonium News

BAYC NFT Collection Ends 2022 with a Low Price of 69 ETH

According to The Block Data Dashboard, NFT project Bored Ape Yacht Club (BAYC) Yuga Labs ended the year with a small value of about 69 ETH, or $82,740.

BAYC recorded the lowest value of any NFT project, with only a temporary drop during Yuga Labs’ CryptoPunks roundup in November of this year. At its peak, BAYC reached 144.9 ETH, or $409,720 in May 2022.

In 2022, Yuga Labs’ NFT projects generated the highest revenues. Of the 12 largest NFT transactions of the year, 8 involved CryptoPunks, BAYC, or Yuga Labs’ Mutant Ape Yacht Club collection.

Yuga Labs faced several challenges in 2022. For example, on December 9, a lawsuit was filed against the firm for failing to disclose that celebrities endorsed the tokens.