A golden ape is bored.
It was auctioned by the auction house, Sotheby's.
According to research from the Block, the base price for a Bored Ape Yacht Club non-fungible token was the highest in the world.
On Wednesday, the lowest price for a Bored Ape was 53.9 ether, or $215,350, compared to 52.69 ether, or $210,515, for a CryptoPunk.
By Thursday, it appeared that the higher going price was scored by CryptoPunks.
The Bored Ape Yacht Club, a collection of 10,000 NFTs, was launched just this year. One of the original NFT collections is considered to be CryptoPunks. The Punks sold out within 24 hours, according to one article, which said the collection "launched an NFT revolution."
The floor price for a Bored Ape has been rising over the course of the year and is catching up to the price of CryptoPunks, which has declined.
The price flip is likely due to factors like Bored Ape owners having the full commercial license to their NFTs, while owners of CryptoPunks do not.
NBA star Stephen Curry bought a Bored Apes one for $185,000 and made it his profile picture on the social networking site. The same thing happened to the same person. Universal Music, Adidas, and the club have all collaborated with the club.
NFT sales are expected to reach $17.7 billion by the end of the year, according to research from CoinTelegraph.
Business Insider has an original article.
