The floor price of zkSNARKs, an NFT project in the ZEC ecosystem, has dropped below its auction settlement level, according to data on the project’s official website cited by BlockBeats on Sept. 20. The current floor stands at 0.976 ZEC, or about $1,420.
Earlier coverage said the project’s final auction clearing and settlement floor price was 1.5 ZEC, meaning the collection is now trading below that level. The move marks a break below the previously reported settlement benchmark.
BlockBeats also referenced earlier public accusations from @LeonidasNFT, a well-known builder from the Bitcoin inscriptions era. He alleged that the zkSNARKs team had previously been serial “entrepreneurs” in the Ordinals sector and claimed that many of their projects were scams. The report did not provide additional comment from the project team in the cited brief.
zkSNARKs, an NFT project in the ZEC ecosystem, has fallen below its settlement price, with its floor now at 0.976 ZEC, or about $1,420, according to official website data cited by BlockBeats on Sept. 20.
Earlier reporting said the project’s final auction clearing and settlement floor price was 1.5 ZEC.
BlockBeats also referred to earlier public accusations by @LeonidasNFT, a well-known builder from the Bitcoin inscriptions era, who said the zkSNARKs team had previously been serial “entrepreneurs” in the Ordinals sector and that many of their projects were scams.
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