BAYC #9258 has lost almost 80% of its value

BAYC #9258 has lost almost 80% of its value

user avatar

by Max Nevskyi

3 years ago

NFT #9258 from the Bored Ape Yacht Club (BAYC) collection, previously owned by comedian Kevin Hart, was sold on the Blur platform for 13.26 ETH, which equals approximately $46,200. This digital asset had changed several owners before it was sold at a significantly reduced price compared to its original purchase by Hart for 79.5 ETH more than two years ago, which at that time amounted to over $200,000.

The transaction was facilitated through MoonPay, a service that assists celebrities in acquiring NFTs from the BAYC collection in exchange for publicity. Among MoonPay's clients are stars such as Justin Bieber, Madonna, and Jimmy Fallon. In December 2022, a class-action lawsuit was filed against MoonPay, Yuga Labs (the developers of BAYC), Hart, and other celebrities for participating in an undeclared advertising campaign.

The Bored Ape Yacht Club is a collection of unique digital monkeys on the Ethereum blockchain, each with its own features. This collection not only offers unique digital images but also forms a powerful NFT community, providing its members with exclusive privileges and opportunities.

Owners of NFTs from the BAYC collection gain access to private chats and forums, participation in exclusive events, and the use of their NFTs metadata in various games and services, making ownership of these tokens not just a matter of collecting but also belonging to a unique community.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

CryptoBilis Case Exposes Vulnerabilities in Hardware Wallets

The CryptoBilis case reveals vulnerabilities in hardware wallets, leading to $90 million in losses due to tampered devices.

user avatarMaria Gutierrez

California Reaches $500,000 Settlement with Fidelity Over Crypto Withdrawal Restrictions

California has reached a $500,000 settlement with Fidelity Digital Asset Services regarding restrictions on crypto withdrawals.

user avatarAndrew Smith

Anthropic Uncovers Seed Generation Method for NIST Elliptic Curves

Anthropic's Claude has reconstructed the seed generation process for several widely used NIST elliptic curves, addressing a long-standing question in cryptography.

user avatarJacob Williams

XRP Ledger Validators Advance Maintenance Amendment Amid Challenges for Lending Features

XRP Ledger validators have advanced the fixCleanup340 amendment, clearing the 80% support threshold for activation, while lending features face governance challenges.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.