A lot of it has to do with human psychology.
The market for non-fungible tokens kicked off the year on solid footing, bucking the broader market rout that sent ripples across much of US equities and cryptocurrency markets.
On the flip side, floor prices across NFTs were mixed as cryptocurrencies themselves staged a comeback over the last 24-hours. A lot of it has to do with human psychology, according to FTX founder Sam Bankman-Fried, who admittedly was surprised at the degree to which NFTs have held up since the beginning of the year.
In Bankman-Fried's view, the public-facing nature of NFTs makes them harder to sell compared to the coins someone holds within a brokerage firm like Coinbase.
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