Bored Ape Yacht Club Lowest Price Than CryptoPunks

According to data from OpenSea, the cheapest Bored Ape NFT on the market right now is 53.9 ETH ($ 215,067), and the lowest asking price for CryptoPunk is 52.69 ETH with a current asking price. of $ 210,239.

For a month, people thought about the possibility that Bored Ape could easily get CryptoPunk out of its NFT fund. Earlier this week, Cointelegraph conducted an in-depth study of the potentials that could affect the value of the collection. Whether owners prefer a legacy or a special partnership, the power behind NFT ("blue chip" or not) activities is the community.

It is important to note some of the main differences between these two writings. Larva Labs is the group behind CryptoPunks and was one of the first to develop NFTs in 2017. The project has a proud history and has long held a leadership position in the packaging industry. He's also very type-centric. Cryptopunk owners will not use their avatars for any commercial, business, or business purpose, they are only used by their business. Recently, Larva Labs and Hollywood agency UTA agreed to use CryptoPunks images in mainstream media.

On the other hand, Yuga Labs, the founder of Bored Ape Yacht Club, is a performance driven community. Through ongoing collaborations such as partnering with Adidas Originals to adopt adoptive media and artists, the attention and interest of Bore Apes increases, and the value of its collections also increases. Additionally, since Yuga Labs licensed all assets to the monkey owners from the start, the monkey owners retained all intellectual property and commercial licenses for their assets.

Lower price of BAYC NFT hit CryptoPunks for the first time, public opinion is positive for the future of BAYC. Over the past few months, BAYC's policy lows have risen steadily as CryptoPunks' link has been at its lowest.

According to an October announcement, Bored Ape Yacht Club also plans to launch its own token in the first quarter of 2022.

As in a dynamic industry, competition can be healthy. And RTFKT Studios has buzzed in popularity with BAYC and CryptoPunks. At the time of writing, Clone X, a collaboration between RTFKT Studios and artist Takashi Murakami, owns the second largest packaging company on OpenSea.