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Bored Ape Yacht Club NFTs flip CryptoPunks in terms of floor price

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Bored Ape Yacht Club NFTs flip CryptoPunks in terms of floor price

by Yogita Khatri
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Quick Takes
  • The floor price of bored ape NFTs has risen above that of CryptoPunks for the first time.
  • There appear to be multiple factors at play for the flip.
The floor price of Bored Ape Yacht Club (BAYC) NFTs has flipped that of Larva Labs’ CryptoPunks for the first time. The floor price is the lowest price at which a type of NFT is currently available for sale.

The current floor price of a BAYC NFT is 53.9 ETH ($215,350), whereas the floor price of a CryptoPunk NFT is 52.69 ETH ($210,515).

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You Should Know
Trump calls crypto ‘a very dangerous thing’
Former US President Donald Trump recently reiterated that he’s not a fan of cryptocurrencies, despite saying positive things about former first lady Melania Trump’s recently-announced NFT platform. “She’s going to do great,” Trump said of the former first lady’s NFT project while speaking with Fox News anchor Maria Bartiromo on December 20 during her Mornings With Maria television program. 
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Chinese news site Xinhua to mint NFTs on Tencent’s enterprise blockchain
The Chinese state media agency said its collection of photography-based NFTs will “imprint digital memories into the metaverse.”
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UK’s ad watchdog rules against Arsenal Football Club’s fan token promotion
Arsenal Football Club has been reprimanded by the UK’s advertising regulator over a Facebook post and content on its website that promoted fan tokens. The Advertising Standards Authority (ASA) banned the content for taking advantage of consumers’ inexperience in cryptoassets. The posts also misled consumers by not making it clear that fan tokens were a cryptoasset that had to be bought using another cryptocurrency, the regulator said. 
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From the Dashboard
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The flip is significant because BAYC NFTs are much newer to the market than CryptoPunks — seen as the OG NFT. The former NFTs were launched in April of this year and the latter in 2017.
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SPONSORED POST

L2 Labs Launches All-in-One Layer2 Platform ZKSpace, Featuring ZKSwap v3.0, NFTs, & Payments

by ZKSpace
As part of a massive product and brand overhaul, L2 Labs, the team behind ZKSwap, has announced the launch of the new comprehensive ZKSpace platform on December 20th.
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Funding
  • Arcade, a platform that facilitates loans against NFTs as collateral, has raised $15 million.
  • Render Network, a crypto startup that provides rendering tools to NFT and metaverse projects, has raised $30 million in a token round.
  • Binance’s venture capital arm has led a $60 million investment in Multichain, a cross-chain protocol.
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