Here’s why this rare chained monkey NFT just sold for $88,011 in ETH

Here’s why this rare chained monkey NFT just sold for ,011 in ETH

The Bored Ape Yacht Club (BAYC) is an exclusive community for holders of the ape and mutant themed NFT collections on the Ethereum blockchain. Commonly referred to as Bored Apes, only 10,000 generative artworks will ever exist.

What happened: Bored Ape #5493 just sold for 46.50 ETH (CRYPTO: ETH) ($88,011 USD). The value of Bored Apes is usually determined by the Ape’s characteristics, with laser eyes, crown and golden fur being the most sought after.

Here is a list of its attributes and how many others have the same characteristic:

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  • Eyes: Closed (710)
  • Fur: Tan (626)
  • Clothes: Sailor Shirt (284)
  • Background: Orange (1,273)
  • Hat: WW2 Pilot Helmet (110)
  • Mouth: Boring unshaven cigarette (438)

Why it matters: Bored Apes is the ultimate culture shop for NFT collectors. The NFT collection has gained a lot of influence in 2021, with an ever-growing list of top-tier celebrities who monkey their profile pictures on Twitter. With the recent explosion in popularity around the Metaverse, rare blockchain-based avatars are all the rage for those looking to flex online.


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Being a member of the Bored Ape Yacht Club isn’t just about flexing online. Yuga Labs, the creators of Bored Apes, host exclusive parties often featuring free private performances from members of the club such as Lil Baby. Other notable celebrities at the club include Post Malone, Stephen Curry, Dez Bryant and Jimmy Kimmel.

Yuga Labs also created another NFT collection known as Mutant Apes, which also grants membership to the elusive club. There are a total of 20,000 mutant monkeys, and the price floor is historically lower than Bored Apes.

See also: NFT release calendar and Best NFT projects in 2021

Data provided by OpenSea.

Check out the entire Bored Ape Yacht Club collection

You can learn more about this NFT here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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