Set of NFTs depicting cartoon apes sells for $24.4 million at Sotheby's
WTF?! Non-fungible tokens, or NFTs as they're better known, don't make as many headlines these days, but that doesn't mean people have stopped handing over huge sums of money for them. A drove consisting of 101 NFTs depicting computer-generated drawing apes just sold for $24.iv million.
The images, sold through an online sale at Sotheby's sale house, are part of the Bored Ape Yacht Guild (BAYC), a set up of 10,000 semi-randomly generated apes created by Delaware-based Yuga Labs. According to the BAYC website, each ape is unique and programmatically generated from over 170 possible traits, including expression, headwear, wearable, and more.
The apes are stored as ERC-721 tokens on the Ethereum blockchain and hosted on IPFS. Buying a unmarried ape for 0.08 ETH gives owners admission to the club, bringing members-but benefits, which and then far have been limited to exclusive pieces of merchandise and NFTs, and access to The Bath, an online graffiti board. Buyers too receive the intellectual property rights for the images; that'due south non usually the case with NFTs.
#AuctionUpdate 101 Bored Ape Yacht Society NFTs but sold for $24.4 million and 101 Bored Ape Kennel Club NFTs achieved $1.viii million in our Ape in! auction - the virtually significant #BAYC sale to date. Congrats to all the apes out there 🐵🐶 pic.twitter.com/e7UghlgtKy
— Sotheby'southward (@Sothebys) September 9, 2022
The lot containing 101 apes, which comes with the selection to generate six new "mutant" apes, sold for $24,393,000. The sale also included a lot of 101 Bored Ape Kennel Club NFTs—designed as pet dogs for the apes—that fetched $1,835,000, bringing the total to $26,228,000
The sale is i of the almost expensive in the NFT infinite, beating a set up of nine CryptoPunks that sold for $16.9 million before this year. An NFT of the www'southward source lawmaking, meanwhile, went for $v.4 million. They're all a long fashion off the record holder: sale house Christie's and artist Mike Winkelmann, known professionally every bit Beeple, made $69 million with "EVERYDAYS: THE Commencement 5000 DAYS" (below).
Source: https://www.techspot.com/news/91191-set-nfts-depicting-cartoon-apes-sells-244-million.html
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