Pop music icon Justin Bieber has become one of its most famous members. boring ape yacht club when he spent $500 $ETH— or approximately $1.3 million — in January 2022 Ethereum-based on $NFTBoring Ape #3001.
The beaver monkey, one of the most common in the collection in terms of visual attributes, is now worth about $12,000 just four years later, as the luster of NFTs and yacht clubs has largely faded.
The value of a work of art can be influenced by a variety of factors, including personal taste, provenance, and even previous owners. History with beaver $NFT If he puts it on the market, it could help command a higher price. However, the value of comparable assets in collections with similar attributes has declined significantly.
This deal corresponds to a 99% loss if the singer decides to part with his partner. $NFT Current lowest price or lowest price $NFT It’s listed on the marketplace, but it looks bad right now.
However, even at the time of purchase, $NFT The community had condemned Starr’s decision to purchase a “floor” Ape, that is, an Ape with no unusual features or attributes, for such an amount. Typically, only the rarest NFTs in a collection sell for a significant premium over the lowest price.
“Who the hell is giving advice to Justin Bieber?” $NFT I want to buy, how can I sell floor NFT for 500? $ETH” Farokh Sarmad, currently president of Dastan (parent company of editorially independent publishers) decryption—Posted after purchase.
Next time you find yourself feeling down, remember that @justinbieber bought a floor ape for 500. $ETH.
— gmoney.eth (@gmoneyNFT) January 29, 2022
Still, Bored Ape Yacht Club’s minimum price rose significantly in the months following Bieber’s purchase, eventually Up to $429,000 in April 2022. And this singer’s purchase was not the most surprising one. $NFT The enthusiasm that artists also saw Beeple sells digital art $NFT For $69.3 million The year before that.
Since then, apes have been stuck in the quagmire for a long time. $NFT For winter, we’ve reduced the lowest prices on rival collections including: cryptopunks and stubby penguin In the same way.
The Punks were also trading for more than $400,000 at one point, while the Pudsey Penguins were trading for almost $100,000, according to data from . $NFT price floor. The project is currently trading at a starting price of approximately $60,000 and the equivalent of $8,850. $ETHrespectively.
Users of Myriad, a prediction market run by Dastan, also don’t believe that winter will melt anytime soon. a Markets that comprehensively track potential resurgence With the number of monkeys, punks, and penguins, this trio has only a 16% chance of reaching the lowest price of 10. $ETHor 50 $ETH For punks, by July.
Nevertheless, Bored Ape Yacht Club’s parent company, Yuga Labs, continues to work on projects around the collection. In October, Yuga announced that he would be building an authentic Bored Ape clubhouse in Miami, Florida. $NFT Holders will be collected.
Other focuses still remain opposite sidea massively multiplayer metaverse game featuring avatars such as Bored Ape Yacht Club $NFT project.