The Bored Ape is one of the NFTs that was auctioned.
It was auctioned by the auction house, Sotheby's.
The Bored Ape Yacht Club collection has been a demand of non-fungible token traders.
According to data cited by Decrypt, Mutant Ape Yacht Club NFT was the most popular tracked project over the past week.
Over the last seven days, the average price of a Mutant Ape NFT rose to about $50,250 from about $32,000.
There are 20,000 total images available in the project. The Mega Mutant Serum NFT sold for about $3.6 million worth of ether.
The success of the Bored Ape NFTs is being mimicked by the Mutant Ape spinoff series. The floor price of Bored Ape Yacht Club was briefly surpassed by the extremely coveted CryptoPunks.
The NFT market has seen an estimated $22 billion in trading volume in the first nine months of the year, with the continued surge in the price of cryptocurrencies.
Business Insider has an original article.
