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Bored Ape Yacht Club NFT's celebrity notoriety, along with growing interest from private collectors, has seen it overtake CryptoPunks in all-time sales.
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Voyager Digital has sent a default notice on Three Arrows Capital for a 15,250 BTC loan and expects to take additional legal action to reclaim the monies.
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NFT marketplaces were hard hit by the May crypto market crash, which resulted in billions of dollars being wiped off the sales volume of digital collectibles.
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NFTs are still in the early stages of development. Mateo Lorenzo claims that real-world uses for the technology have already begun to emerge.