Two weeks ago, a $29 million office building in New York City went on the market with a Web 3 twist: On OpenSea, a non-fungible token (NFT) is being used to sell the right to buy the property.
The price of the listing, however, was set in ether (ETH), which has dropped by more than 40% since the beginning of June. This has caused the price of the listing to drop as well.
The NFT is now worth $16.8 million instead of $29 million, but its owner, Chris Okada, says the price will be changed soon.
