Bored Ape Yacht Club Ethereum NFT Breaks Record With $ 3.4 Million Sale

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A single Bored Ape Yacht Club NFT sold for $ 3.4 million at Sotheby’s auction this morning.

It’s a new record for Ethereum’s popular NFT avatar collection, which has generated nearly $ 1 billion in secondary trade volume between its sets.

Ethereum-based Bored Monkey Yacht Club was one of this year’s biggest NFT sensations, reaching nearly $ 1 billion in secondary trade volume through its collections of profile pictures and the rarest avatars from the set continue to churn. records.

Today, a single Bored Ape Yacht Club NFT (# 8817) sold for $ 3.4 million at Sotheby’s natively digital 1.2 online auction, the first to be held in its new release Sotheby’s Metaverse Market.

It’s a new record for a single Bored Ape sale, breaking the previous record of $ 2.9 million set in September. previous record purchase of NFT was made by the creators of Sandbox, an upcoming Ethereum based on the metaverse, with the intention of including the artwork within the game world.

Today’s record-breaking NFT is listed by Tools of Rarity as the third rarest golden-fur monkey in the collection of 10,000 randomly generated illustrated avatars, ranking 17 based on the combined rarity of the traits seen in. the picture. It was sold by Jim “j1mmy” Mcnelis, an NFT creator and entrepreneur.

An NFT acts as a title deed to a rare digital item, be it a work of art, a video file, or anything else. Profile picture sets were some of the most popular collections during this year’s market surge and the largest NFT product market. $ 10.67 billion in trading volume in Q3 alone to get data from DappRadar.

Between the original Bored Ape Yacht Club and subsequent Bored Ape Kennel Club and Mutant Ape Yacht Club sets, which were streamed free to existing Bored Ape owners, the collection has generated nearly $ 1 billion in market sales. secondary in chain, according to the data. by CryptoSlam.

Also read “People will get hurt” if crypto markets remain unregulated, says Gensler

Yuga Labs also sold an additional 10,000 NFT Mutant Ape Yacht Clubs at the end of August, with a turnover of $ 96 million in a single hour. creators recently signed with veteran music manager and tech investor Guy Oseary to potentially lead the franchise in the world of film, TV, music, and more, with the team also planning to launch an Ethereum-based token in the first quarter. of 2022.

Although today’s Bored Ape sale broke a single NFT sale record for the collection, it was also not the highest sale in Sotheby’s largest NFT auction. This distinction goes to a Rare Pepe NFT named ‘PEPENOPOULOS’, which was originally coined in 2016 on a protocol-based Bitcoin counterpart, and has since been linked to Ethereum.

Rare Pepe NFT was sold for $ 3.65 million to a buyer listed as rhincodon, the same buyer as today’s Bored Ape, as well as “Digital Zone of Intangible Pictorial Sensitivity” from creator Mitchell F. Chan for $ 1.53 million. .

It is not immediately clear who the rincodon is. In a tweet announcing the sale, Sotheby’s tagged Meta4 Capital, a new fund focused on investing in NFT collectibles that is backed by VC Andreessen Horowitz and plans to invest up to $ 100 million in NFT.

decrypt asked a Sotheby’s representative for more information on the identity of the buyer and we will update this article if we have news.

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