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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.
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.
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. The parent company of Bored Ape Yacht Club is Yuga Labs. [1]
This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2023. [note 1] Where necessary, the price is first converted to dollars using the exchange rate at the time the NFT was sold. The inflation adjustment may change, as recent inflation rates are often revised.
MoonPay told CNN that they had 14 Bored Ape NFTs in a cold storage wallet which offered "more safety," and that five of the NFTs had been "purchased by concierge clients" and were in the process of being transferred. [16] After serving as President and COO of Coinbase, Asiff Hirji was hired as MoonPay's President in February 2023. [14]
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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 ...
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