Despite numerous digital art projects showcasing at Art Basel Hong Kong, the NFT market as a whole remains weak, showing no clear signs of recovery. Specifically, Bored Ape #5278 from the "Bored Ape" series is currently listed at only 7 ETH, a drop of over 100 ETH from its last transaction price, reflecting a significant pullback in the valuation of leading NFT assets. As an asset class once considered to be rapidly rising, the NFT art market has seen a significant cooling, with both liquidity and price performance remaining under pressure. (CoinDesk)