Justin Bieber’s Bored Ape Valuation Drops 99% amid Structural NFT Market Rebalancing
A Bored Ape Yacht Club NFT purchased by Justin Bieber for $1.3 million in 2022 is currently valued at approximately $12,000.
Non-Fungible Token (NFT)
A non-fungible token (NFT) is a type of blockchain-based digital asset that represents ownership of a unique item or piece of content. Unlike cryptocurrencies, non-fungible tokens are not interchangeable on a one-to-one basis because each token has distinct attributes. NFTs are created and managed using smart contracts, commonly on blockchain networks such as Ethereum. They are used to represent digital art, collectibles, in-game items, music, and other unique assets. Ownership and transfer history are recorded transparently on the blockchain.
Ethereum Prepares Mainnet Launch of AI Agent Economy Standard
Ethereum is set to activate ERC-8004 on mainnet, introducing a standardized framework that allows AI agents to operate as economic actors across decentralized networks.
Tezos Art Ecosystem Sees Institutional Momentum in 2025
The Tezos art ecosystem recorded strong institutional adoption and artist growth in 2025, driven by museum partnerships, global events, and NFT sales.