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Vis.eth, a die hard Bored Ape collector, spent 777ETH ($1.5m) on Tuesday on a Bored Ape NFT. The sale is not even close to breaking the record for the most expensive Ape purchase.

On Tuesday night, a Bored Ape Yacht Club (BAYC), superfan spent a staggering 777ETH (1.5 million USD) on a Bored Ape nonfungible token (NFT).

Vis.eth, who calls himself an investor in his Twitter bio added Bored Ape #5383 onto his already large collection of Yuga Labs wares spread across 2 wallets.

After purchasing the Ape for $242,000.00 on August 1, last year, the seller took a nice profit of 682 ETH ($1.2million).

Despite market conditions, the sale is possible because trading volume for NFTs in all major marketplaces has declined significantly in recent months.

Vis.eth stated to The Bored Ape Gazette that he purchased the NFT to “collect a gold monkey,” which refers to the Ape’s fur color. Solid gold fur is a rare trait among NFTs. According to CryptoSlam data provider CryptoSlam #5383 is 285th rarest NFT from the 10,000-strong collection.

“777ETH” is a good price. Vis.eth stated that Yuga would be the first social verse to succeed,” Vis.eth added.

Vis.eth spent millions over the past few months on Otherdeeds as well. His wallets hold more than 60 land NFTs, which are part of Yuga Labs upcoming metaverse, Otherside.

Although it is a rare find in the current market for Bored Ape NFTs, $1.5 million is still not a record. Sotheby’s sold Ape #8817 to a metaverse buyer for $3.4million in October 2013. Another rare Ape, #8585 was sold in October for $2.7million, which is equivalent to 696.969 Ethereum.

The post Even Though The NFT Market is Down a Rare Gold Ape Sells for $1.5 Million – 777 ETH first appeared on The Daily Encrypt.


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Angie Byrd