ZEC NFT Project zkSNARKs Floor Price Falls 38% After Auction Settlement

The floor price of zkSNARKs, a ZEC ecosystem NFT project, fell to 0.95 ZEC, or about $1,400, down roughly 38% from its earlier auction settlement price of 1.5 ZEC. According to Odaily, on-chain investigator ZachXBT previously questioned the project’s lack of practical use and ecosystem development after it raised more than $17 million. The latest auction received 16,971 bids, and all 8,000 NFTs were allocated. Total trading volume reached 25,305 ZEC.