Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more

cointelegraph.com:

Prices throughout the nonfungible token (NFT) market have suffered amid the broader market downturn, with the floor price of the Bored Ape Yacht Club (BAYC) collection dropping more than 50% since the beginning of this month. 

BAYC’s floor price dipped to $198,000 on Wednesday, signaling a 52% drawdown in dollar-denominated valuation from May 1, where the cheapest available Bored Ape cost $420,000. The lackluster market conditions also took their toll on the total number of BAYC sales, with sale volume down 117% week-on-week.

Ape #6775 was purchased for 225.0 ETH https://t.co/4AkVT71PrF

When looking at the BAYC floor price measured in Ether (ETH), the NFT collection has only fallen a touch over 30%, with the current floor price sitting at 97.39 ETH.

The price of BAYC’s partnered cryptocurrency ApeCoin (APE) also suffered a significant drop in price, with the token down roughly 70% since the launch of Yuga Lab’s metaverse project: Otherside.

Autograph, a Web3 company co-founded by Tom Brady, has partnered with IndyCar, Indianapolis Motor Speedway and Team Penske to launch an Indy 500-themed NFT collection.

2022 #Indy500 NFT collection announced, as @Autograph collaborates with @IndyCar, @IMS and @Team_Penske https://t.co/G2OnfvZ1er

The NFT collection, which was announced today, was designed to honor the 106th Indianapolis 500 — one of the largest car races in the United States — and will take place on Sunday, May 29.

The NFT collection comes in three main parts, offering users a redeemable Indianapolis 500 Race Day commemorative ticket, 33 more exclusive “mystery driver” cards, and a one-of-one commemorative re-creation of the winning car from the 1972 Indy 500 race.

The race day ticket NFTs will be available for free to