NFTs

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Yuga Labs, the creator of Bored Ape Yacht Club, has rescued 68 Ethereum NFTs from an exploit known as the Flooring bug. The company now holds the NFTs in custody while working to return them to their original owners.

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Yat Siu, co-founder of Animoca Brands and an avid NFT collector, asserts that the NFT market remains active. He highlights a dedicated community of owners who acquire NFTs for long-term possession rather than quick sales.

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