Business News Report
February 22, 2023

RektGuy Founders Sells 71 BAYC NFTs Worth $9.1 Million

In Brief

A total of 71 Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were sold on the NFT marketplace Blur, thanks to the increased NFT liquidity on the platform.

Blur surpassed the largest NFT marketplace OpenSea in terms of the trading volume.

Seventy-one Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were sold on the NFT marketplace Blur. Altogether, the tokens were sold for 5,545 ETH, which is approximately $9.1 million at the moment of writing. 

The blue-chip non-fungible tokens were sold by RektGuy founders, rektmando and osf_rekt. According to their Twitter posts, the decision was not easy, but they did not lose a chance to use the current increased NFT liquidity and get profit from the investments. It’s worth noting that RektGuy founders still hold several Yuga Labs’ NFT collections, including Otherside, Sewer Passes, and Mutant Ape Yacht Club tokens. More than that, osf_rekt shared that they had angel-invested in Yuga Labs. 

“Thanks again to Yuga for changing our lives. Full royalties paid,”

writes OSF in a Twitter post

In the past, an event like this would significantly move the floor price of the collection. However, this time, the floor price only decreased by 0.3 ETH, which is insignificant for such a large sale. 

It’s important to note that marketplace Blur has recently launched the season 2 rewards and will soon airdrop its native token, $BLUR. The amount of airdropped tokens is based on the number of points users earn by placing offers on the platform. So, Blur users started putting liquidity actively, while rektmando and osf_rekt decided to accept the numerous offers for their tokens. Notably, BAYC holders sold each NFT for a little more than 78 ETH, which is approximately $128,000 at the moment of writing. 

https://twitter.com/rektmando/status/1628218393546354690?s=20

On a side note, in the past week, Blur surpassed the largest NFT marketplace OpenSea in terms of trading volume. The volume has increased by 445% and has reached $519.17 million, according to DappRadar.

Keep track of cryptocurrency distributions in our Airdrops Calendar.

Read related posts:

Tags:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Intmax Announces Builders From Latamex To Develop New EVM-Compatible Protocol
News Report Technology
Intmax Announces Builders From Latamex To Develop New EVM-Compatible Protocol
July 25, 2024
Clearpool Announces Its Launch On Arbitrum, Issuing $7M In Loans, And Receiving Grant
News Report Technology
Clearpool Announces Its Launch On Arbitrum, Issuing $7M In Loans, And Receiving Grant
July 25, 2024
D3 Announces Partnership With Magic Eden To Apply For .magic Top-Level Domain
News Report Technology
D3 Announces Partnership With Magic Eden To Apply For .magic Top-Level Domain
July 25, 2024
Crypto Airdrops: From Marketing Gimmicks to Major Rewards
Opinion Business Lifestyle Markets Software Technology
Crypto Airdrops: From Marketing Gimmicks to Major Rewards
July 25, 2024