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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo Global technology editor

NFT sales hit 12-month low after cryptocurrency crash

Crypto NFT Chainalysis Jack Dorsey Bored Ape Yacht Club DappRadar United States
Bored Ape Yacht Club NFT billboard in Times Square
People take photos near a Bored Ape Yacht Club NFT billboard in Times Square in June. Demand for so-called blue chip NFT collections is holding up. Photograph: Noam Galai/Getty Images

Non-fungible tokens have been swept up in the cryptocurrency crash as sales reached a 12-month low in June.

NFTs confer ownership of a unique digital item – often a piece of virtual art – upon someone, even if that item can be easily copied. Ownership is recorded on a digital, decentralised ledger known as a blockchain.

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