Yesterday, we saw the floor price for NFTs from the Bored Ape Yacht Club (BAYC) collection exceed that for the renowned Crypto Punks for the very first time.
The Flippening
Data from OpenSea reveals that the other day, the floor price of the BAYC NFT collection went to 54 ETH, while the floor price of an NFT from the CryptoPunk collection was 52.8 ETH.
In various other words, we experienced the first-ever flippening in the globe of NFTs, where the most pricey collection formally was the Bored Ape Yacht Club.
Here’s Why
Commenting on the issue was Bobby Ong, the Co-Founder, as well as COO of CoinGecko, that detailed 3 factors for which he thinks this occurred.
Turns out the Ape-Punk flippening occurred a lot quicker than anticipated. Was requested some reasons this occurred. My ideas:1. BAYC has charitable IP legal rights contrasted to Punks2. BAYC has actually been proactively onboarding celebrities3. BAYC has actually teased a token to opt for the NFT https://t.co/txwGxLJqHj
— bobbyong.eth (@bobbyong) December 23, 2021
First, he claimed BAYC has charitable IP (Intellectual Property) legal rights contrasted to Punks. Indeed, BAYC NFT proprietors get some IP legal rights related to the symbols. They are making use of these legal rights to produce a blockchain-based video game, as well as they partnered with Animoca Brands to do so.
The 2nd factor is rather uncomplicated – lots of celebs have actually revealed assistance for the job. Feet super star Stephen Curry bought a Bored Ape NFT for $180K back in August, as well as he is simply among the popular individuals that’ve been included.
Last yet not the very least, Ong points out that BAYC, unlike Crypto Punks, has “teased a token to go with the NFT.” The statement originated from BAYC throughout October this year as well as claimed that they are considering the first quarter of 2022 for the launch.
Good night, apes. Been listening to a concern around the club a great deal:
WEN SYMBOL? 🤔
Wen token without a doubt . . . Some ideas listed below.
— Bored Ape Yacht Club (@BoredApeYC) October 8, 2021
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