Bored Ape Yacht Club's NFT price lower than Beats CryptoPunk

According to data from OpenSea, the cheapest selling price for Bored Ape NFT currently is 53.9 ETHer (ETH), or around US $ 215,067, and the lowest selling price for CryptoPunk is 52. 69 ETH, which is currently valued at US $ 210,239.

For a month, people were estimating the potential of Bored Ape on CryptoPunk based on NFT storage rates. Earlier this week, Cointelegraph conducted an in-depth study of the potentials that could affect the value of the collection. The driving force behind NFT operations, whether they are "good chips" or not, whether developers prefer legacy or some collaboration and collaboration, is community.

It is important to note some differences between these two series. CryptoPunks' team, Larva Labs, was a leader in the development of NFT in 2017. The project has a long history of value and has long been commercially viable in terms of packaging. He's also very type-centric. Cryptopunk owners will not use their avatars for any business, industry, or brand except their business. Recently, Larva Labs and Hollywood agency UTA agreed to use images of CryptoPunks in mainstream media.

On the other hand, Yuga Labs, the founder of the Bored Ape Yacht Club, is a driving and operational community. Through ongoing partnerships, such as the recent partnership with Adidas Originals, to more and more content and culture initiatives, the interest and appeal of BAYC grows along with the value of its collection. Additionally, Yuga Labs has licensed all assets from the start, so BAYC owners have all strategic and licensed business licenses for their assets.

BAYC NFT's storage cost is for the first time higher than CryptoPunks, underscoring public expectations for the future of BAYC. Storage rates have risen steadily over the past few months, in stark contrast to the decline of cryptopunk.

According to an October announcement, BAYC also plans to launch its own token in the first quarter of 2022.

“Hello, Rouge. I often hear questions in the club.

what is a token?

I have some ideas on this. "

-Bored Ape Yacht Club (@BoredApeYC) November 8, 2021

As in a dynamic industry, competition can be healthy. And one of the quick competitors with BAYC and CryptoPunks is RTFKT Studio. According to the press release, Clone X, a collaboration between RTFKT studio and artist Takashi Murakami, is the second of the OpenSea trading packages.