Both issues were ultimately resolved.
Some have also speculated that these Bored Ape and Mutant Ape NFT sales are part of some kind of tax loss harvesting scheme or tax evasion attempt, as noted NFT collectorArtchick suggested on Twitter.
feels more like a tax evasion attempt, they sold their mutant for $25 to the same wallet
they’ll probably claim they were scammed and may even have the audacity to try to write it off, they bought the ape for 16eth
if it was a mistake, i wish them well, it’s quite a loss pic.twitter.com/lOvpZaaC9Y
— artchick.eth 🔥👠 (@digitalartchick) March 28, 2022
Tax loss harvesting is when someone sells an NFT for well under the purchase price to help offset other capital gains.
What is the cheapest bored ape nft
Its outfit consists of a prison jumpsuit (2.35%) and a beanie (5.78%). This Ape’s rarest attribute is its prison jumpsuit. It was last sold for 100 ETH on February 7, 2022.
Bored Ape #1488
This Ape is currently listed on OpenSea for 102.5ETH (or US$321,037.17).
It has an army green background, like 12.43% of the other Apes. It is depicted with bloodshot eyes (8.46%), golden brown fur (7.78%) and a phoneme ooo mouth (2.55%).
Bored Ape #533
This Bored Ape is currently listed for 103 ETH (or US$322,603.21) on OpenSea.
The Ape has an aquamarine background, like 13% of the other Apes do. It has bloodshot eyes (8.46%), black fur (12.29%) and a bored mouth (23%). It is depicted wearing a safari hat (2%), which is its rarest feature.
What is the cheapest bored ape yacht club nft
USD and ETH. However, the floor price for the said NFT was actually higher a week ago with a price capped at $367,000. It’s now down at around 5% compared to the past week.
Suggested Reading | NFT Trading Amounts To Nearly $18 Billion Last Year, Study Shows
Bored Ape Yacht Club To Get NFTs For Otherside
Yuga Labs posted on Twitter that the Bored Ape Yacht Club together with Mutant Ape Yacht Club NFT owners will be eligible to receive NFTs for Otherside, in a span of 21 days following the official launch.Otherdeedsare in the form of virtual land that can be found in Otherside.
Moreover, around 55,000 NFT Otherdeeds are geared to be sold and released to the public; specifically for wallet owners who have finished off the know-your-customer (KYC) checks conducted the past few weeks over a teaser website created for Otherside.
Curio Cards are a digital art collection created by 7 different artists. They had a very long winter where, much like Cryptopunks, they could not be given away.
Now, Gary Vee and other important names in the NFT space have been talking them up. The real attention getter, however, was the increase in total sales from $2.8 Million in July to $68 Million in August.
A rare Curio Card sold for a record $1.3 Million in August 25th and Christie’s Auction House plans to auction off a complete set of Curio Cards on October 1.
History tells us the inclusion of Curio Cards in a Christie’s auction could be a catalyst for an increase in price. Christie’s famously auctioned off Beeple’s NFT: “Everydays: The First 5000 Days” for $69 Million.
Following that, Emperor Tomato Ketchup and No Sass went ahead and did the same.
Per a Rolling Stone interview, the founders drew inspiration for BAYC from modern NFT OGs like CryptoPunks, which have become a sort of cultural currency. Like Bored Apes, CryptoPunks are also a 10,000-strong collection of unique NFT avatars, and they also cost a fortune—with one selling for a whopping $11.7 million. If you haven’t already, catch up with news about CryptoPunks and why they’re so expensive.
For BAYC, the plan was to combine the collectible-art component of NFTs with community membership, essentially giving NFT ownership some utility beyond just being cult symbols of crypto cool kids.
Why Are Bored Apes So Expensive?
To the most pressing question of all: why do Bored Apes cost so much? Even the most exclusive club memberships in the US do not cost $368k.
Pudgy Penguins starting gaining steam with NFT influencers in the last couple weeks but hit the mainstream when the New York Times published an article about the adorably overweight flightless seabirds.
Pudgy Penguins have a lower supply than the standard 10,000 of most PFP projects. Penguin holders will hope to get some momentum heading into the holidays as penguin holders are able to claim a “Pudgy Present” (an additional NFT to be revealed on Christmas Day, 2021).
Hopefully they can deliver something as popular as the Mutant Ape Yacht Club.
Dune Analytics has a list of the largest NFT owners in the space and what they own. Pudgy Penguins is higher up on the list than you would think.
Following the whales is generally a good way to go.
To start with, 0N1 Force has its own unique look. Sounds simple but I think that is a big deal.
What makes me think this project will continue to grow? The Space Club as a portion of proceeds set aside to perform regular “floor sweeps” where they buy up the floor in an effort to raise the floor price before air dropping aliens back to alien owners in community giveaways. Alien owners are also promised additional NFTs in the future such as planets and UFO’s for each Alien held.
An added benefit to this project is the increased interest in life on other planets and UFO talk. By the way, why aren’t people talking about that more? The fervor of the Lonely Alien Space Club Community is what makes me think this project is not going away any time soon.
This is at least partly because of the “halo effect” where one positive trait (such as being a beautiful actor) makes us think of someone as having other positive traits, such as intelligence or trustworthiness.
It’s hard to tell if a tweet like this one by Gwyneth Paltrow or a weird interview between Jimmy Fallon and Paris Hilton are the result of sincere enthusiasm or cynical profit, but they provide the social proof members of the public who are confused about NFTs need to take an interest in them.
Celebrity involvement in NFTs, especially the Bored Ape Yacht Club, also makes sense thanks to extra perks that come with Yacht Club membership.
Mutant Ape Yacht Club ranks second in trading volume. The most-traded Bored Ape NFTs are:#8585$3.3m#1827$1.55m#820$866k#6267$741k#6696$737k
Top 5 most favorited BAYC
As BAYC NFTs get more popular by the day, it gets more expensive too.
Today’s average price for a Bored ape is over $190,000, which is on the high side of cost for most collectors. With this growing popularity around the Bored Ape NFTs, some of the characters have gained more likes and popularity than others.
Most Bored Apes are owned by professional athletes, celebrities, and the likes of them.
Those who follow them over several social media platforms tend to like their Bored Apes too. A few NFT collectors monitor NFTs to purchase them in the future.
While NFT market activity has at timesappeared to be uncoupledfrom crypto prices—particularly when NFTshave surged as the crypto market declined—that’s not the case right now. With crypto prices in the red nearly across the board this week, the prices for top NFT collections are likewise falling fast.
The floor price—the cheapest available NFT listed on a marketplace—for many of the most valuable NFT projects has fallen by 20% or more in terms of U.S.
dollars over the past 24 hours.
Even when denominated in ETH, most major projects are down significantly. That includes theBored Ape Yacht Club,CryptoPunks, andMoonbirds.
The Bored Ape Yacht Club has seen significant volatility over the last few weeks.
On April 29, the floor price for a Bored Apehit an all-time high of 152 ETH (about $429,000 at the time).