The floor price of Bored Ape Yacht Club (BAYC) NFTs hit a record high on Friday as its creator, Yuga Labs, prepares to drop a new collection for its metaverse project, dubbed Otherside.
One BAYC NFT now costs a minimum of 152 ETH (nearly $434,000) on the NFT marketplace OpenSea. That’s a new all-time high in both ETH and USD, according to The Block Research, citing data from Dune Analytics.
Source: The Block Research, Dune Analytics (@cryptuschrist)
The BAYC NFTs were launched exactly a year ago for 0.08 ETH each (around $200). The current floor price means its early adopters are now sitting on gains of 216,900% in dollar terms.
Yuga Labs has been growing fast since it launched Bored Apes. The firm recently hit a valuation of $4 billion in a seed round worth $450 million.
The BAYC collection has seen total sales volume of nearly $2 billion to date, according to data from CryptoSlam. Yuga is also the creator of the Mutant Ape Yacht Club and Bored Ape Kennel Club NFT collections,