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.
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.
Read related posts:
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 valerygoncharenko@mpost.io
More articles
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 valerygoncharenko@mpost.io
