Always in fashion – It seems that nothing affects the advertising frame around some NFT collections. While the market is in red and that the failure of FTX has seriously dented the enthusiasm of much of the crypto community, some collectors they are still spending fortunes to capture monkey profile pictures. The Bored Bee Yacht Club (BAYC) I’m a Pantheon of digital art and the rarest still sell for almost1 million of dollars. Here is a great gift idea for Christmas !
The Bored Ape Yacht Club #232 sold for 800 ETH or $927,000
The sale that is driving the market crazy today is therefore that of Bored Ape Yacht Club #232 the image of which you will find below. This NFTs was sold by Deepak Thapliyal, CEO of Chain, a start-up specializing in blockchain infrastructure. The latter is well known to NFT enthusiasts with sales And shopping habitué of the most famous profile photos.
For example, he had bought October last the CryptoPunk #5822 for 8,000 ETH or close to 24 millions at the time of the exchange. He has therefore just separated from a particularly golden-haired monkey. rare since it is classified 324th On 10,000 NFTs according to Rarity Tools and that this species represents only 0.05% from the regularly talked about Bored Ape collection.
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The tree that hides the forest? Despite some record sales, the industry is in free fall
And the proud owner of the animal in question is called Keung on Twitter. He is also known to be a collector of this type of NFT and thanked warmly Deepak Thapliyal because of this ” good deal “. But the scale of this sale shouldn’t overshadow the diminish overall that has taken place in the NFT market in general.
Indeed, after reaching 25 billion dollars inside 2021the sector has undergone a sharp slowdown 2022 with significantly lower volumes. For example, according to DappRadar and Dune, they were still there 5.36 billion of NFT sales in January last alone 700 millions inside October. And of course also the most famous collections like the Bored monkey seen their Price per floor melt like snow in the sun, passing by 152ETH in April at 60ETH Today. And the price is expressed in ETH, imagine the real value considering the current price of Ethereum…
But regardless of the prices, digital art enthusiasts, NFT collectors or fans of Web3 technologies won’t be impacted by the drop. They will gladly wait for all this to come back one day, enjoying their pictures and showing off on social networks. There is even potentially good business to be had right now! This sector is probably one of the few in crypto where a little levity and good humor still reigns amidst a sea of bad news related to the macroeconomic situation and the now all too famous FTX affair.
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