BAYC NFT Sells for 777 ETH – Zero To Hero NFT Grows 6600% in Price Amid Crypto Decline

The NFT square continues to be affected and feels the heat even more. Entering the third week of August, the global sales volume for NFT is around $639 million. With that, this could be the third month in a row that NFT sales fall below $1 billion.

The market isn’t all that bad. According to Cryptoslam’s statistics, the leading collection is Bored Ape Yacht Club (BAYC), with sales of $2.5 million. In the midst of this downturn, BAYC managed to sell its “golden monkey” to 777 ETH/USD or around 1.5 million dollars. Despite the high price, this golden monkey APE/USD has ranked only 320th in rarity according to the website Rarity Tools.

“I wanted to collect a golden monkey. 777th is a fitting price. Yuga [Labs, the creator of BAYC] will be the first successful social [meta]verses,” said buyer and collector Vis.Eth in an interview with BAYC news outlet Bored Ape Gazette.

The other highlight would be at Bybit’s NFT Marketplace. They have announced the launch of their brand new specialized NFT portal GrabPic, where users can buy state-of-the-art NFTs at attractive prices, without gas tax, and trade for profit in the secondary market. With GrabPic, Bybit offers exclusive high-quality NFT projects from crypto-native and traditional artists, GameFi projects, Metaverse projects and many more.

Their first GrabPic entry is Zero to Hero. This is the very first NFT book collection offered to their users. This new NFT collection is created by Anndy Lian, a renowned thought leader in the crypto and NFT community.

All 8000 NFTs listed were sold out in 1 min.

Image source: https://twitter.com/Bybit_NFT/status/1559138807152508928

The selling price at launch was 2.99 USDT. At one point, due to demand, the floor price was pushed to 30 USDT/USD. After revealing the rarity of the NFT collection, one of the legends NFT reached 200 USDT, a 6600% increase in price.

Image source: https://twitter.com/Bybit_NFT/status/1559783341028933632

“I’m very grateful that my NFT book collection sold out. This provides a strong push for other creators to come forward to share their works and a sure booster for myself when I launch the book on Amazon next month. In my book , I have mentioned several times that the NFT space is still in its early days and early adopters can be a ‘hero’ in their search for new opportunities.” Anndy Lian, the book author of NFT: From Zero to Hero said.

The low price; High-quality strategy helps to arouse more interest and gives life to the NFT market at Bybit. In addition, the marketplace will have a fusion card feature that will be announced later this month. Holders of previous GrabPic collections can get a chance to merge the NFT to receive more surprises. Anndy Lian also mentioned that he would be releasing an NFT music soundtrack with the book and this will also be made available to GrabPic users. “GrabPic enables artists and creatives curious about the NFT space to enter with minimal technological barriers, serving a niche audience by showcasing affordable and unique NFT art. GrabPic aims to democratize the NFT experience for those which is underserved by existing offerings on both the creator and collector sites. We have many other projects lined up for our NFT Marketplace. We will reveal them to you all in batches.” Jenny Zheng, BD Lead, Bybit NFT Marketplace commented.

Looking beyond the native crypto markets, more companies are adding NFTs to their existing operations. The costs of entering the market are relatively lower and more transparent now. The outlook for the NFT market, in the long run, remains positive.