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Collectors Are Bored of Apes and Don’t Want to Pay Royalties

The floor price for Bored Ape Yacht Club NFTs has sunk and creator royalty payments shrunk to their lowest in two years. Plus, Tom Brady’s sports collectibles site Autograph is reportedly moving away from crypto.

Bored Ape Yacht Club #3001 (OpenSea, modified by CoinDesk)
Bored Ape Yacht Club #3001 (OpenSea, modified by CoinDesk)