NBA icon Stephen Curry buys Bored Ape NFT for $180,000

NBA icon Stephen Curry buys Bored Ape NFT for $180,000

Three-time NBA champion and two-time MVP Stephen Curry has decided to join the Bored Ape Yacht Club, picking up one of their NFTs for 55 ETH ($180,000).

Bored Ape Yacht Club is a collection of 10,000 apes with dour expressions. They feature a range of attributes, ranging from different expressions to outfits, hairdoos and even having cheetah fur.

Curry's bored ape in particular has blue fur, zombie eyes and is wearing a tweed suit. The last two are particularly rare attributes, with only 3% of apes having zombie eyes and 1% of apes wearing tweed suits.

Since the sale, there have been a few offers made on his NFT, although they are far below the price that he paid for it. The NFT was previously sold for 1.5 ETH ($4,875 at current prices) three months ago, and 0.68 ETH ($2,210) before that.

Curry's purchase comes just ahead of the snapshot happening today of all bored ape holders. After the snapshot, all bored ape holders will be receiving a "Mutant Serum" per ape. It's not clear what the serum will do but one possibility is that it could turn a current bored ape into a bored mutant ape (or something along those lines).

Rising demand for bored apes

The prices of bored apes have shot up over the last month or so. The current floor price — the cheapest on offer right now — is 25 ETH ($81,250) according to OpenSea, although there doesn't appear to be an ape for sale under 44.9 ETH ($146,000). There have been a bunch of sales following Curry's purchase.

Trading volumes are rising too, with $80 million in trading volume over the last week, according to The Block's Data Dashboard. The project ranks third by that metric, following CryptoPunks and Art Blocks.

Bored Ape Yacht Club has used some of its revenue made from sales on NFT marketplace OpenSea to donate to charity. It has given $850,000 to an orangutan charity (fitting, we know), and has donated to a few other animal charities.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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