Bored Ape NFT Stolen From Cameo CEO, Sold for $130,000
However, as the world entered 2022, the price of BAYC NFTs skyrocketed. You could make billions of dollars now if you sold all of the NFTs in the collection (they sell for around $200k per piece). The data on this site comes from various NFT marketplaces and from the NFT project creators themselves.
Gargamel and Goner were familiar with CryptoPunks, a batch of ten thousand pixelated figures, which became the blue-chip art of the N.F.T. market after their release, by a company called LarvaLabs, in 2017. “It’s like having a Harvard degree in the N.F.T. space,” Austin, who owns two, said. Gargamel and Goner also noticed the success of Hashmasks, an artistic venture that sold 16,384 N.F.T. images in January for a total of more than sixteen million dollars. Both of those projects were closed systems; their developers didn’t promise any expansion beyond the initial, limited release.
Each Bored Ape doubles as a Yacht Club membership card, which grants the holder access to members-only benefits. The first released benefit is a collaborative graffiti board called THE BATHROOM, a digital board likened to a dive bar bathroom wall. Non-fungible token sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... Ethereum captured the top NFT sales and Solana recorded the second largest number of digital collectible sales this week. Although, ETH-based NFT sales slipped 1.66% lower than last week with $79.05 million in seven-day sales.
The new marketplace wants to make it easier for Bored Ape owners to benefit from these intellectual property rights. When the project launched in April 2021, an ape could be purchased for just 0.08 ETH. Thirty apes were withheld from the initial sale, and were earmarked to be used for giveaways, puzzle rewards, and the four creators.
In late August 2021, Yuga Labs released an additonal 10,000 new Mutant Apes that anyone could purchase for 3 ETH. The set in its entirety sold out within an hourm generating another $96 million. They later brought on programmers, Emperor Tomato Ketchup and No Sass, to be in charge of the blockchain coding.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. nft art are not allowed to purchase stock outright in DCG. As noted, the "floor price" for the project -- what you'll pay for an ape with common traits -- is currently about $150,000 . Apes with the golden fur trait are rare, and so sell for much more.
The Bored Ape Yacht Club is an NFT collection created by Yuga Labs on the Ethereum blockchain. By most metrics, Bored Ape Yacht Club is the most successful NFT art collection. BAYC’S current market capitalization is valued at around $1.1 billion, according to CoinGecko. On April 30, 2022, Yuga Labs launched its metaverse Otherside, as a collaboration with Animoca Brands. Bored Ape NFTs feature in the music video for Eminem and Snoop Dogg's song "From the D 2 the LBC".