The popular Bored Ape Yacht Club NFT collection saw its highest-ever secondary market sale on Monday, when an ape illustration—with gold fur, laser eyes, and a captain’s hat—sold for 740 ETH, or just over $2.9 million at the time of purchase.
Perhaps just as surprising as the sale price is who bought it: the team behind an upcoming Ethereum-based video game. On Tuesday, the makers of The Sandbox announced the high-value purchase, saying that it’s part of a wider push by the company to support the NFT community and cultivate a collection that can be featured within the game.
“We see The Sandbox contributing to the growth of the NFT and metaverse ecosystems, supporting creators inside and outside of our gaming virtual world, and adding value to NFTs by giving them increased utility through avatar interoperability and showcasing them within experiences across The Sandbox,” co-founder and COO Sébastien Borget told Decrypt.
An NFT is a type of crypto token that functions as a
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