Home » Bored Ape NFTs price surpasses CryptoPunks

Bored Ape NFTs price surpasses CryptoPunks

by v

The Bored Ape Yatch Club (BAYC) non-fungible token project has seen its entry price surpass that of the previously leading CryptoPunks. A price that is now close to 53.9 Ether (ETH), or about 215,350 dollars.

Bored Ape NFTs entry price at its peak

The entry price of non-fungible tokens (NFTs) in the Bored Ape Yacht Club collection has exceeded that of CryptoPunks for the first time ever.

The floor price is the lowest price at which an NFT is available for purchase. Currently, the floor price of a Bored Ape Yacht Club NFT is 53.9 Ether (ETH), or approximately $215,350. CryptoPunks NFTs are priced at 52.69 ETH, which is equivalent to $210,515.

Like CryptoPunks, Bored Ape is a collection of 10,000 NFTs available on the Ethereum blockchain (ETH). As each coin is unique, the higher its rarity, the higher its value. As an example, BAYC 8817 sold for $3.4 million at Sotheby’s, a multinational luxury auction house.

This event marks an important change in the world of non-fungible tokens as it is the two most important projects in this field.

Bored Ape and Cryptopunks entry prices since May 2021 (Source: The Block)

Bored Ape and Cryptopunks entry prices since May 2021 (Source: The Block)

A momentum that pays off

CryptoPunks was the first NFT project to position itself in the “collectibles” market in 2017. A pioneering position that allowed them to be a resounding success. The Bored Ape collection, on the other hand, is much more recent, dating from April 2021. However, it has become much more distinctive, almost becoming a lifestyle, a sort of private club.

Indeed, the advantages of owning a Bored Ape are numerous. In August, lucky Bored Ape owners were randomly given a “mutant serum”, allowing them to unlock a mutant monkey NFT. This was a success as these NFTs now have an entry price of around $31,000.

Similarly, as we mentioned at the beginning of the month, the famous sports brand Adidas had entered the world of the metaverse by announcing a partnership with BAYC, which was also very successful.

But the brand doesn’t seem to want to stop there, since it also announced the launch of a token for the beginning of 2022 which will also be distributed to Bored Ape holders in the form of an airdrop, which should motivate even more buyers to get these precious NFTs.

Cumulative unique buyers of Bored Ape NFTs (Source: Dune Analytics)

Cumulative unique buyers of Bored Ape NFTs (Source: Dune Analytics)


Conversely, the creators of CryptoPunks NFTs interact too little with their community, and have even experienced some setbacks, notably in relation to the lack of clarity regarding buyers’ ownership rights to their NFT.

The gap between the two biggest projects in the industry could therefore continue to grow… Unless the shooting is corrected.

Related Posts

Leave a Comment