Connect with us

NFT

The Five Most Expensive Monkey NFTs You Can Buy – Moneyinc

Published

on

Monkey NFT
Out of all the NFTs, monkey NFTs seem to be the most popular. It may be hard to understand why they are popular, considering how expensive they are. However, according to Zipmex, people love the monkey NFTs because they allow them a chance to mingle with celebrities. When you own a monkey NFT, you will be granted access to an exclusive Discord that includes celebrities. Besides interacting with celebrities, you will gain access to other NFT collections. Monkey NFTs are made by Bored Ape Yacht Club (BAYC) for those not in the know. There are about 10,000 of them, and each depicts an expressionless monkey. Although the blank look is consistent with the monkey, the clothing and headgear are not. Like most NFTs, the monkey NFTs are part of the Ethereum blockchain, the second-largest cryptocurrency after Bitcoin. By this point, you now know what monkey NFTs are. We established how expensive they are, so we need to identify some of the most expensive ones. Here are the five most expensive monkey NFTs you can buy.
“The Terminator” is the first thing that will come to your mind when looking at this NFT. In this NFT, the monkey is depicted with robotic fur and cyborg eyes which are traits that make it naturally intimidating. It is one of the few NFTs with only four traits, yet it manages to be pricey. Even now, nobody can tell you why it is expensive. However, its trait combinations are the most sought after, which could explain its high cost. To explain its demand, we can talk about when it was sold. Initially, you could buy this NFT for 5 ETH or $14,000, but its selling price has since increased. It was bought for 425 ETH which culminated in a profit of $1.5 million for BAYC. It was this particular sale that increased demand for the monkey NFTs.
Quite a number of traits can be identified from this NFT. In this NFT, the monkey is wearing outfits you would consider trendy. First, it is dressed in a furry pink coat and a brim hat, making it resemble a hip-hop artist. Other attributes of the ape are its unshaven face and its laser-shooting eyes. The ape shooting lasers seems out of place until you realize the ape’s placement against the army green backdrop. Perhaps, it is fighting in the army. Its initial selling price was $61,000. The selling price increased to $708,000 after being sold at an auction. The latter amount represented a fraction of BAYC’s overall market cap of over $500 million. With such massive profits, BAYC donated part of its funds to charity. The company donated $208,000 (or 66.45 ETH) to the Orangutan Outreach charity in August 2021.
With most monkey NFTs, the bored expression of the apes is what we have come to expect. However, in this NFT, the monkey grins, which is not exactly a facial expression you would associate with boredom. Its teeth are multicolored, which is a rare trait. Another rare trait of this NFT is the monkey’s golden fur and its red service uniform. All these traits contribute to this NFT’s rarity score of 250.33. The sale of this NFT is fascinating since it was previously purchased for 199 Ether or $563,000. It was only held for a month before selling at 600 ETH or $2.25 million. This sale established a new high for BAYC since this NFT became one of the most expensive NFTs ever bought. As a result, the company made a massive profit of 303%, or a $1.69 million return within a month.
By looking at this NFT, you will feel that you are on some psychedelic drugs. The ape on this NFT has rainbow-colored fur, which gives it that hallucinogenic effect. Next, the monkey has a cigarette in its mouth and has angry-looking eyes. Its angry expression is a welcome change, especially for those who resent the expressionless-looking monkey. This NFT manages to do more, using only four traits. As a result, people are drawn to this NFT due to its simplicity. It was originally sold for just $229 (0.08 ETH) and then sold for $2.3 million (769 ETH) five months later. When it sold for the latter price, the buyer remained anonymous. As a result, this sale made people more curious about who the buyer was, considering that it was one of the most expensive NFTs ever to be sold. Hip-hop artist Snoop Dogg, a collector of NFTs, was thought to be the buyer, but the buyer’s identity is yet to be revealed.
This NFT is considered attractive due to its unique combination of characteristics. The ape on this NFT has gold fur and is wearing a comical spinner hat, a silver hoop earring, a wool turtleneck, and a party horn in its mouth. As for its facial expression, it appears sleepy or frustrated. Although this NFT isn’t rare, it is listed as the 17th rarest NFT at Rarity Tools. Its combination of certain traits likely makes the NFT appear rare. As it stands, this NFT is the most expensive one ever sold. It was auctioned off at a renowned auction house called Sotheby’s Metaverse, and its winning bid was $3.4 million (852.39 ETH). Which NFT do you think will surpass this one as the most expensive? We can only wait and see.
Of all the cryptocurrencies out there, monkey NFTs are still the least understood. The first thing on people’s minds is why someone would buy a picture of an ape so expensively. However, those who buy them liken it to buying a painting from a museum. Like those paintings, monkey NFTs are rare, which leads to their high prices. So, you are probably wondering whether they are good investments. It is hard to predict what will happen when you invest with cryptocurrencies since they are volatile. However, when the monkey NFTs become popular, they will even be more expensive. So, those who have already collected the NFTs will have the upper hand since they acquired them cheaply.
Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. She also enjoys creative writing, content writing on nearly any topic, because as a lifelong learner, she loves to do research and possess a high skill level in this area. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology.
You must be logged in to post a comment.
This site uses Akismet to reduce spam. Learn how your comment data is processed.

source

NFT

FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

Published

on

source

Continue Reading

NFT

Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

Published

on

MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

source

Continue Reading

NFT

NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

Published

on

source

Continue Reading

Trending

Copyright © Diaily Meta News