A Bored Ape Yacht Club (BAYC) NFT sold for $115 recently, far less than the $350,000 estimated worth.
Data from web3 marketplace OpenSea shows the owner of BAYC NFT #835 accepted a bid of 115 DAI ($115) for the NFT. DAI is a stablecoin built on the Ethereum blockchain. The bid is 99.9% lower than the current floor price for the NFT collection. The same owner also sold Mutant Ape #11670 for 25 DAI ($25) to the same buyer.
The situation is likely a mistake in which the original owner confused DAI with ETH. DAI is a stablecoin that is pegged to the US Dollar, so 1 DAI ~ 1 USD. Meanwhile, the price of a single ETH fluctuates wildly from day to day and currently sits above $3,000 per 1 ETH. If the BAYC NFT had sold for its equivalent price in ETH, the owner would have sold it for around $394,000 – much more in line with current floor prices.
The sale price of $115 is a major loss for the Bored Ape NFT owner; it was originally acquired for 16 ETH in August 2021.
Meanwhile, Madonna has joined the long list of celebrities who have a BAYC NFT in their collection. The legendary pop diva announced her acquisition via Twitter. Her profile picture is now her acquired Bored Ape, which she paid 180 ETH to acquire. That’s around $571,206 at the time of writing.
Other celebrities who have announced they have obtained a Bored Ape NFT include:
- Jimmy Fallon | #599
- Paris Hilton | #1294
- Neymar Jr | #6633, #5359
- Snoop Dogg | #6723
- Kevin Hart | #9258
- Justin Bieber | #3001, #3850
- Steve Aoki | #118, #3719 & many more
- Mark Cuban | #1597
- Eminem | #9055
- Post Malone | #961, #9039
- Marshmello | #4808
- Lil Baby | #129
- The Chainsmokers | #7691
- Timbaland | #590
- Rich The Kid | #9719
- Future | #4672
- DJ Khaled | #7380
- Meek Mill | #6877
Universal Music has also bought into the hype surrounding the Bored Ape Yacht Club NFT collection. Last week, Digital Music News reported on UMG acquiring a Bored Ape to serve as manager for its all-digital band KINGSHIP. The NFT was sold on February 12 to 10:22PM Founder Celine Joshua on the OpenSea marketplace for 125 ETH ($364,792). The previous owner of the NFT purchased it in June for around 2.04 ETH.
Does anyone else find it suspicious that all of these are either rappers or just commonly known celebrities? I wonder if the company is somehow incentivizing theses purchases, just since they are so obviously terrible investments.
Very astute observation Watson!
Very astupid, Holmes.
It’s all through MoonPay, which has a concierge service to buy high value NFTs. Most likely MoonPay is pitching this to celeb managers and the celebs have little to do with the actual transaction. It’s basically an endorsement for them. Still doesn’t make it any less reprehensible.
Let’s not forget money laundering. Seems like this was a pretty easy way to clean $750,000 in illicit cash.
Where’s the SEC in all this? Nowhere.
At least 8 of the 18 are not rappers. You’re a fool. NFTs are not specific to any genre, race, gender, etc. NFTs are available to any idiot who wants to invest in something that will lose money. Idiots.
Could it have been done on purpose, or sold to themselves? Seems strange that someone with one of these NFT’s would make that big of a mistake, and not just once but twice?
After what felt like an ENDLESS series of events, I want to announce that my APES HAVE BEEN SECURED!!
I’m exhhausted (it’s actually 7am where i am and I’ve been up all night), but the tldr below.
An alleged “WhiteHat” hacker reached out to me with my details and promised to transfer back my APES.
In return, they asked that I do not reveal any personal information as they are in process of investigating and documenting a sophisticated phishing vulnerability with WEBHID. Without all the details or any in-depth domain knowledge, I can only run off of “well-educated” assumptions.
WEBHiD is what allows you to connect your ledger to metamask (specifically chrome). By serving up a seperate connection that bypassed MM, they were probably able to craft a completely custom transaction or signed message that I then verified on the device itself. This obviously still required input on my part. I’m still not sure when I signed this transaction or what site/dApps/extension I was tricked into using.
Rookie mistake, but also goes to show how important it is to understand what you’re signing.
I’m extremely lucky these hackers reached out to me, they proved to be the best in terms of blockchain analysis and recovering lost assets. You are free to write me if you lost your crypto or NFTs and I’ll refer you to them for help. They will make sure you get back everything you lost;
This was a phishing vulnerability that I’ve never even thought of before. I’m at a loss of words in terms of emotions and feelings. The crypto community for the most part was super supportive and happy for the whitehat guys who reached out to me.
Chelsea Mathers
Chelseamathers852 {at} gmail_, com
Take Xanax.