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Bored Ape Yacht Club floor price has fallen 50% in dollar terms this month

Quick Take BAYC’s floor price is down by more than 50% in dollar terms since the beginning of May. Sale volumes have also fallen throughout the month. The floor price of the popular NFT collection Bored Ape Yacht Club (BAYC) fell below $200,000 on Wednesday as the NFT market continues to slide.  BAYC has seen its floor price — a measure of the cheapest NFT in the collection — fall significantly in May. It’s currently at around $198,000, according to …

NFT prices crumble as crypto market enters downturn

Quick Take NFT prices and sales volumes are falling amid a rout in crypto markets. CryptoPunks and Bored Ape Yacht Club collections have seen their floor price plunge. Prices of non-fungible tokens (NFTs) have declined this week as the TerraUSD (UST) algorithmic stablecoin’s de-pegging heaps pressure on cryptocurrency markets.  The popular Bored Ape Yacht Club (BAYC) has seen its floor price — a measure of the cheapest NFT in the collection – drop by 25% over the past week to …

Elon Musk changes Twitter profile picture to Bored Ape collage

Elon Musk, the billionaire Tesla CEO in the process of buying Twitter, appeared to change his profile picture on the social network to a composite image featuring multiple Bored Ape Yacht Club non-fungible tokens (NFTs) on Wednesday. As of Wednesday morning, Musk’s Twitter avatar featured a picture of dozens of Bored Apes, with Ape 5809 in the centre. The image appeared to be a stock photo.  The price of apecoin, the token launched by Bored Ape creator Yuga Labs, climbed …

Bored Ape NFT floor price hits record high above $430,000

The floor price of Bored Ape Yacht Club (BAYC) NFTs hit a record high on Friday as its creator, Yuga Labs, prepares to drop a new collection for its metaverse project, dubbed Otherside. One BAYC NFT now costs a minimum of 152 ETH (nearly $434,000) on the NFT marketplace OpenSea. That’s a new all-time high in both ETH and USD, according to The Block Research, citing data from Dune Analytics. Source: The Block Research, Dune Analytics (@cryptuschrist) The BAYC NFTs …

MoonPay’s CEO has a new plan for generating NFT hype: donating them

MoonPay’s CEO Ivan Soto-Wright is a man of many theses. One, he explains over a video call, is that all value will eventually move via blockchains. Another is that every artist, musician, and athlete will adopt non-fungible tokens (NFTs). Through a recently launched concierge service that helps celebrities and the super-rich buy NFTs, Soto-Wright has tried to position MoonPay as a catalyst for those trends. The service — which counts Snoop Dogg, Diplo and Jimmy Fallon among glitzy group of …

‘ApeCoin’ tied to Bored Ape NFT ecosystem debuts with planned community airdrop

A long-rumored crypto token tied to the Bored Ape NFT community was unveiled on Wednesday. The debut of ApeCoin ($APE), detailed in a Twitter thread from the official Bored Ape Yacht Club (BAYC) account on Twitter, follows a report from The Block about some of the initiatives planned by Bored Ape creator Yuga Labs, including a planned token tied to gaming and virtual experiences.  Key to the token is a dedicated decentralized autonomous organization (DAO) as well as a supporting …

Bored Ape Yacht Club NFTs flip CryptoPunks in terms of floor price

The floor price of Bored Ape Yacht Club (BAYC) NFTs has flipped that of Larva Labs’ CryptoPunks for the first time. The floor price is the lowest price at which a type of NFT is currently available for sale. The current floor price of a BAYC NFT is 53.9 ETH ($215,350), whereas the floor price of a CryptoPunk NFT is 52.69 ETH ($210,515). Why is this significant? The flip is significant because BAYC NFTs are much newer to the market than …