But, sadly, there was no winner to credit the blockchain with since the powerful Chevy struck out. The automaker was only accepting bids in Ethereum (the majority of NFTs are purchased in Ethereum), the price of which has risen dramatically in recent weeks. Since April 1st, the cryptocurrency has plunged more than 64%, while the most renowned NFTs have seen their floor price — the price for the lowest one on the market — collapse by more than 70%.
The auction took place from June 20 to June 24. Because some users “missed” the window, SuperRare, the NFT marketplace that managed the auction, announced on June 24th that it will reopen bids for 24 hours. But that didn’t seem to work: the auction ended again with no bids. They basically pulled a Morbius.
