Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT...
A large number of Bored Apes Yacht Club NFTs are approaching liquidation on the lending platform BendDAO, can this cascade into a crash of the entire non-fungible token market? Bored Apes NFTs At Risk Of Liquidation As Floor Prices Drop More Than 50% Since All-Time High BendDAO is a platform that lends out Ethereum loans […]
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Analysts are divided on whether the potential NFT liquidation event is a buy-the-dip opportunity. Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector's first massive liquidation event.gm. As a result of the floor dropping to 72, the first BAYC liquidation auction on BendDAO has begun Starting price of 68.4e... Any takers or is this going to be the first bad-debt domino that falls for the platform?....
If you’re borrowing against your Bored Apes, you may want to keep your eyes peeled. Liquidity on major NFT lending platform BendDAO has been under a major stress test over the past 24 hours, as ETH levels appear to be under strain. At time of publishing, the BendDAO ETH reserves have been replenished, and sit […]
From carrying medical data to streamlining royalty payments, NFTs serve a variety of important technological purposes. Bored Apes are a demeaning distraction. It’s time to move on from the Bored Ape Yacht Club. They’re bad for nonfungible tokens (NFTs). They give critics ammo and distract from the technology, which is where the real value lies. For those on the outside looking in, NFTs are nothing more than overpriced monkey JPEGs. Or whichever choice of animated animal profile picture is in the firing line.NFTs, of course, are much more than that. But, because of Bored Apes, and the....
The development has caused a stir in the NFT community, with some saying Elon Musk made a collage of bored apes on his avatar to troll NFT owners. Fresh from bidding to Purchase Twitter, Elon Musk, the billionaire CEO and founder of Tesla, sparked a stir on the social media this morning when he changed his profile photo to a collage picture featuring multiple Bored Apes nonfungible tokens (NFTs).Musk's Twitter avatar as of Wednesday shows a picture featuring a collection of Bored Apes with Ape 5809 stacked in the middle. The NFTs are all from different artists, each with a unique design....
Yuga Labs auctioned off collections of Bored Ape Yacht Club and Bored Ape Kennel Club NFT that generated $24 million and $1.83 million respectively. The auction of Yuga Labs’ 101 Bored Ape Yacht Club (BAYC) collection has smashed through expectations with a winning bid of $24.39 million. The auction closed on Sept.10 and was hosted by the prestigious auction house Sotheby’s which had earlier estimated the collection would fetch between $12 million and $18 million.The bundle of non-fungibles consists of 101 Bored Apes and three M1 and three M2 “Mutant serum” NFTs. When a Bored Ape token is....