Sale of rare Bored Ape underscores NFT market slump

United Kingdom News News

Sale of rare Bored Ape underscores NFT market slump
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The second rarest Bored Ape Yacht Club NFT has been sold for 200 ETH (roughly $372,000) — far below peak prices for the collection’s most prized items.

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

In the past, apes with similar traits have been sold for millions of dollars. The record sale, brokered by Sotheby’s in 2021,The news comes with the prices of some of the most popular NFT collections plummeting. The floor price — the cheapest point of entry for an NFT collection — of Yuga Labs’ Bored Ape Yacht Club currently sits at 31 ETH .

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in UK
 

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines



Render Time: 2025-01-19 00:04:40