• Bored Ape Yacht Club (BAYC) soars to $19 million at Sotheby’s

  • After CryptoPunks, it was the apes that caused the frenzy of NFT sales happening on OpenSea, the ethereum-based NFT marketplace. Three days after launch, the boring Ape Yacht Club has become one of the most popular NFT projects.

    Last week on September 2, Bored Ape creator Yuga Labs launched an auction of 101 unique NFTs from the creator’s own collection at the prestigious UK auction house Sotheby’s.

    As of this writing, the bid for the auction, which took place online, has soared to a staggering $19 million. It has already surpassed Sotheby’s predicted top price of $18 million.

    The entire Boring Apes NFT set has 10,000 of these unique images. So the winner of this auction will own 1% of the entire collection. Just launched three days ago, this week’s auction will continue further until September 9.

    Boring Ape NFTs create a huge rage

    Just as the NFT market has gone wild for CryptoPunks, the Bore Ape NFT line has been collecting a lot of vapor lately.

    The Bore Ape Yacht Club accompanies other collections such as Mutant Ape Yacht Club (MAYC) and Bore Ape Kennel Club (BAKC). In the final month of August, all three collections combined amassed over 170,000,000 ETH ($644 million) in trading volume.

    The Mutant Apes collection also had an amazing launch a week ago. Within just one hour of launch, Yuga Labs sold a staggering 10,000 Mutant Ape NFTs to new buyers, thus generating over $96 million worth of ETH in one hour.

    Notable names from around the world are dabbling in the recent NFT craze in the marketplace. nba premier Steph Curry recently purchased Bored Ape Yacht Club NFT for a staggering $180,000. curry also changed his Twitter profile picture to a blue-faced ape.

    NFT mania has picked up massively this year, with most NFT activity happening on the ethereum blockchain.

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