Crypto crash: "This place is volatile as all hell!"

Crypto crash: A skullkid Generations illustration
(Image credit: Badfroot)

The crypto crash that has seen one token, Luna, lose 98% of their value is the biggest downturn since 2018, but some NFTs are already seeing a bounce back. Projects such as Bored Ape Yacht Club, Moonbirds, Mutant Ape Yacht Club, and Doodles have all had double-digit percentage increases today. So are NFTs dead or are they crash-proof?

Badfroot, aka Jack Davidson, the founder of NFT success Skullkids says, "no, I don't think NFTs are dead. No." This comes after the reported NFT crash has seen transactions drop by 92% since this time last year, though these stats are debated. Non-fungible tokens are a way to create rarity in digital files by registering them on a blockchain, you can find out how to make and sell an NFT in our guide.

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Ian Dean
Editor, Digital Arts & 3D

Ian Dean is Editor, Digital Arts & 3D at Creativebloq, and the former editor of many leading magazines. These titles included ImagineFX, 3D World and leading video game title Official PlayStation Magazine. In his early career he wrote for music and film magazines including Uncut and SFX. Ian launched Xbox magazine X360 and edited PlayStation World. For Creative Bloq, Ian combines his experiences to bring the latest news on AI, digital art and video game art and tech, and more to Creative Bloq, and in his spare time he doodles in Procreate, ArtRage, and Rebelle while finding time to play Xbox and PS5. He's also a keen Cricut user and laser cutter fan, and is currently crafting on Glowforge and xTools M1.