Monkey NFTs have recently become extremely popular, with many people collecting and trading them. Many factors contribute to their popularity, including their cute and collectible nature. Furthermore, NFT Monkey art can be exchanged for other items such as crypto kitties or digital art. Bored ape NFTs are among the most expensive forms of nft art.
And finally, there are those who think that Monkey NFTs will appreciate in value over time, making them a wise investment. Whatever the cause, it’s obvious that monkey NFTs are currently a huge trend! In this article, we’ll talk about the most expensive bored ape (NFT monkey) ever sold.
As more people become interested in collecting them, the cost of Monkey NFTs is anticipated to rise. The value of these tokens will continue to rise as demand rises and more people are willing to pay higher NFT Monkey prices. Before discussing the most expensive bored ape, it is important to understand what NFT bored ape is.
The NFT Monkey: What is it?
The Dapper Labs team developed the NFT monkey, an ERC-721 token. On the Ethereum blockchain, the token stands in for a digital collectible that can be bought, sold, or traded. Being one of the original non-fungible tokens (NFTs), the NFT monkey art is special. Each bored ape nft is completely unique and cannot be duplicated, unlike other tokens.
The NFT monkey was developed by the Dapper Labs team as a way to test the non-fungible tokens’ cutting-edge technology. They hoped that the NFT monkey would demonstrate the potential of NFTs to represent various types of digital collectibles in the future.
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What Are the Advantages of Owning an NFT Monkey Art?
There are numerous advantages to owning an NFT monkey. One of the primary advantages is that they can be bought and sold on the Ethereum blockchain. This means that anyone in the world, as long as they have an Ethereum wallet, can buy or sell a bored ape NFT.
Another advantage of owning an NFT of money is that they are one-of-a-kind and cannot be duplicated. Because of their rarity, they are extremely valuable and collectible. Furthermore, because NFT monkeys are in short supply, their value is expected to rise over time.
The 5 Most Expensive NFT Monkeys Ever Sold
1. Bored Ape Yacht Club #8817: $3,408,000
Sotheby’s Metaverse, a high-end NFT-only marketplace, recently sold Bored Ape #8817, a member of the Bored Ape Yacht Club, for $3.41 million, or 819 ETH. Despite the fact that BAYC has over 10,000 cartoon apes, gold fur is found on less than one percent of all Bored Apes.
Out of 10,000 bored apes, only 46 had solid gold fur. The Bored Ape #8817, a seven-trait gold-plated fur ape that ranks #17, has a rarity score of 297.37.
Bored Ape #8817 was purchased by NFT investor “rhincodon,” who spoke with HYPEBEAST under his own name and explained why he believes the ape is so valuable. I’ve been looking for a gold ape for the past few weeks, but there aren’t many available, and the ones that are usually sold for 1,000 ETH or more.
2. Bored Ape Yacht Club #3749 – ETH 1882 ~ $2,907,016
The most expensive Bored Ape Yacht Club NFT is #3749, also known as “the captain.” It has a Rare score of 283.99% due to its Solid Gold fur and shooting Laser beaming eyes, which justify its price tag of 740 Ethereum when Ether was worth $3928.40! This CryptoCurrency investor favourite also doubles down to an impressive 133 percent ROI if held until day 26, making them even more appealing than other low hanging fruits like stocks or bonds.
3. Bored Ape Yacht Club #232: $2,811,791
According to the price of ETH at the time of sale, which was $2602.89 per ETH, Bored Ape #232 was sold for a staggering 1080 ETH, or $2.81 Million, on January 30, 2022.
It is the only time that a bored ape NFT has ever been purchased for more than 1,000 ETH. The sale of Bored Ape #232 was the most expensive in terms of Ethereum ever recorded for the Bored Ape Yacht Club NFT.
This ape NFT is not the most expensive one financially because of the lower price of ETH on the date of purchase compared to the all-time high of $4644.43 / ETH in November 2021.
4. Bored Ape Yacht Club #8585 – ETH 1656 ~ $2,702,462
You’ll never see a more beautiful bored ape than this one! What else is required of an ape like #8585 besides a crown and sunglasses? The image on this NFT is very surreal with its blue background giving way to fur outlines of a person who appears to be wearing something extravagant for their royal self-portrait session. This person is likely King Kong since he has recently been sharing his title thanks in large part to the Ethereum scaling project 0xproject’s acquisition of the business. King, however, isn’t really exempt from purchase because there are only 77 apes there.
5. Bored Ape Yacht Club #2087: $2,307,638
Bored Ape #2087, which was priced at $99,443 (or 42 ETH) in June 2021, fetched a whopping $2.31 million (769 ETH) when it was sold in September 2021. This is the second-rarest Bored Ape NFT, with a rarity score of 312.34.
This ape is one of the most stripped-down examples of bored apes, with only rainbow-colored hallucinogenic fur, furious eyes, a purple background, and a weary cigarette in his mouth.
The psychedelic fur on Bored Ape #2087 is the most rare feature in the BAYC collection, occurring only 77 times out of 10,000 times.
The Bored Ape #2087 was purchased in the OpenSea marketplace by IPCollector, an NFT investor who reportedly owns 300 NFTs. This ape was sold to an unnamed investor in October 2021.
1. Why is the Monkey NFT so costly?
The monkey NFT is expensive due to its scarcity and high demand among collectors. The exact value of the monkey NFT will vary depending on market conditions at the time of purchase, but it is generally regarded as a valuable and desirable asset.
Another reason the monkey NFT may be costly is that it represents a one-of-a-kind digital asset that cannot be replicated or replicated. This makes the monkey NFT appealing to both collectors and investors. The value of the monkey NFT is likely to rise as more people learn about its existence and potential investment value.