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NFTs Are Dead? Even in Bear Market, a Bored Ape Sells for Nearly $1 Million

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Bored Ape Yacht Club NFT #232 sold this morning for 800 ETH on the secondary market, or about $927,000. The tokenized profile picture (PFP) was sold by Deepak Thapliydal, CdEO of Web3 cloud software startup Chain, and purchased by notable pseudonymous collector Keung. Many Bored Ape NFTs have lost considerable value in recent months, including one purchased by singer Justin Bieber earlier this year for $1.3 million worth of ETH that’s only valued at around $69,000 today. But this gold-furred Ape is considered one of the rarer avatars, ranked 324th out of 10,000 NFTs per data from Rarity Tools. Less than 0.5% of the Apes have golden fur. (Decrypt)

# NFT

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