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A group of investors is suing Sotheby’s auction house and others over the promotion of Bored Ape Yacht Club NFTs following a collapse in prices for the celebrity-endorsed collectibles.
At the same time, the floor price for the Bored Ape Yacht Club NFT project was 85 ETH, or around $220,000. At today’s prices, 85 ETH is worth around $250,000.
Bored Ape Yacht Club (BAYC), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.
MoonPay is a multinational financial technology company involved in the transfer of cryptocurrency.Founded by Ivan Soto-Wright, Victor Faramond and Maximilian Crown [2] in 2019, the company is based in Miami [3] and provides payment infrastructure for cryptocurrency and non-fungible tokens (NFTs) to be bought and sold with fiat currencies.
Adjusted price (millions of US$) Actual price paid (millions of US$) Asset Year of creation Date of sale Seller Buyer Blockchain Notes $81.6 $69.3 Everydays: the First 5000 Days: 2021 March 11, 2021: Beeple [8] "Metakovan" (Vignesh Sundaresan) [9] Ethereum First purely NFT artwork to be offered by a major auction house, Christie's. [10] $59.3 ...
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The Ethereum-based token is surging following the release of final staking details and the official ApeCoin NFT marketplace rollout.
Doing so gave him the intellectual property ownership rights of the four NFTs, as well as access to an online community of other Bored Ape owners. [2] [3] Bored Ape #6184, which became the restaurant's logo, cost Nguyen $267,000, while the mutant apes cost an additional $65,000 to $75,000 each. [1] Bored & Hungry opened on April 9, 2022 ...