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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 …