In brief

  • The cheapest-available Bored Ape Yacht Club NFT for sale right now is listed at a record 152 ETH, or about $429,000.
  • Prices are rising ahead of tomorrow’s launch of “Otherdeeds,” or expected virtual land NFTs, for the upcoming Otherside metaverse game.

Bored Ape Yacht Club NFT prices are surging this week ahead of the expected launch of digital land for Yuga Labs’ upcoming Otherside metaverse game, and now the Ethereum NFTs have reached an all-time record “floor” price.

As of this writing, the cheapest-available Bored Ape NFT is listed for 152 ETH on top marketplace OpenSea, which equates to nearly $429,000. That’s the highest entry-level or floor price seen to date, according to data compiled by NFT Price Floor, and that’s true in terms of both ETH and USD.

According to the site, the floor price for a Bored Ape sat at 123 ETH one week ago, or about $367,000 at the time. The price of ETH is down about 5% over the past week.

Yuga Labs tweeted this week that Bored Ape Yacht Club and Mutant Ape Yacht Club NFT owners will be able to claim an NFT for Otherside within 21 days of the initial mint, which begins Saturday night. These “Otherdeeds,” as Yuga calls them, are expected to represent some kind of plot of land within Otherside, similar to virtual land in The Sandbox or Decentraland.

Some 55,000 NFT Otherdeeds will also be sold to the public to wallet owners who completed know-your-customer checks in recent weeks via a teaser website for Otherside. Each NFT will sell for 305 ApeCoin (APE), which is worth just over $6,800 as of this writing.

The…


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