ARE BORED APES DEAD?

Summary from the TLDR Crypto newsletter

The Bored Ape Yacht Club NFT collection floor price is at 10 ETH – down 92% from its April 2022 all-time high. There were numerous reasons for the decline, including interest in other collections, the NFT market downturn, and a lack of cohesive strategy from creator Yuga Labs. Going forward, the launch of the Otherside metaverse, the return of Yuga's co-founder as the CEO, and the consolidation of Yuga's IP could revitalize the project.