A few days ago, the minimum price of NFT from the Bored Ape Yacht Club (BAYC) collection surpassed the price of the famous Crypto Punks for the first time.
Data from OpenSea shows that the minimum price of the BAYC collection was 54 ETH, while the minimum price of NFT from the CryptoPunk collection was 52.8 ETH.
In other words, we have witnessed the first flip in the NFT world, where the most expensive collection officially became Bored Ape Yacht Club.
Commenting on the matter, Bobby Ong, co-founder and COO of CoinGecko, outlined three reasons why he believes this happened.
First, he said that BAYC has generous intellectual property rights compared to Punk. Indeed, BAYC token owners receive certain intellectual property rights associated with the tokens. They are using these rights to create a blockchain-based game and have partnered with Animoca Brands to do so.
The second reason is quite simple – many celebrities have backed the project. FT superstar Stephen Curry bought Bored Ape NFT in August for $180,000 and is just one of the celebrities who have been involved in this NFT collection.
27/12/2021 – Mr.Advice NEWS