The NFT party is over and everybody now owes storage rent
The NFT market has cooled, with one of the platforms responsible for its rise now informing users they owe storage fees. In 2021, Christie's auctioned a Beeple NFT for $69.35 million and Sotheby's sold 101 Bored Ape Yacht Club NFTs for $24.40 million. However, the market has since declined, leading one marketplace to remind users of their storage obligations. The original post can be found on CryptoSlate.
The NFT market has cooled, with one of the platforms responsible for its rise now informing users they owe storage fees. In 2021, Christie's auctioned a Beeple NFT for $69.35 million and Sotheby's sold 101 Bored Ape Yacht Club NFTs for $24.40 million. However, the market has since declined, leading one marketplace to remind users of their storage obligations. The original post can be found on CryptoSlate.
Sources
- CryptoSlate — The NFT party is over and everybody now owes storage rent
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