BAYC NFT Sells Golden Fur Monkey for Nearly $1 Million Despite Crypto Winter By DailyCoin

© Reuters. BAYC NFT Sells Golden Fur Monkey for Nearly $1 Million Despite Crypto Winter

The most successful NFT pool in crypto history, Bored Apes Yacht Club (BAYC), made waves on Thursday morning again. This time, fur bored golden monkey #232 sold for 800 (ETH).

At press time, that’s $959,760, the most expensive Bored Ape NFT acquisition in some time. It even topped Brotherly Gold Fur Ape #5853 which sold for 777 Ethereum (ETH) a few months ago.

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This thus gave a second wind to the bored monkeys. Average BAYC sales are up 29% in the past seven days, according to NFT Price Floor. Moreover, the lowest selling jumped 34,000% as the underlying Bored Ape attributes sold for 35 Ethereum (ETH), which is much more than the discounted Bored Apes NFT that sold on secondary markets for 1-2 Ethereum (ETH) right after the FTX crash. .

Bored monkeys are among the hardest to hit by FTX Fiasco

The crypto winter has certainly taken its toll on bored monkeys, to say the least. Yuga Labs, the company that created the primate digital NFT collection, is in trouble with the SEC over unregistered offerings. Furthermore, the Anonymous Hacker group is allegedly not happy with the moral behavior of Bored Apes and has sent them a grim warning letter.

However, Bored Apes have a lot going for them, as the first-ever metaverse band assembled from Bored Ape NFT avatars is set to drop their debut album.

Bored Apes’ band, KINGSHIP, is the latest entry in the music industry by BAYC. Previously, proud Bored Ape NFT owners Snoop Dogg and Eminem dropped a BAYC-themed video. In addition, Snoop plans to open a dessert shop themed to Bored Ape in Los Angeles, California.

Finally, Bored Apes NFT is seeing more mainstream recognition than ever before, even under harsh crypto market conditions. The community behind digital primate appears to be strong, while NFT enthusiasts jumped at the opportunity to join BAYC for a fraction of the price.

Finally, with adoption rapidly increasing in the physical world, it’s no surprise that Bored Ape #4081 is on display at the Art Basel International Art Fair.

on the flip side

  • The current minimum price for BAYC NFT is 60, which is still below the levels seen in October and early this year.

Why should you bother

Yuga Labs is a $4 billion Web3 heavyweight. The rapid adoption of Bored Apes NFT in the entertainment industry has greatly contributed to the rise of the crypto industry in 2021.

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