BAYC: Another Bored Ape NFT sells for a crazy-stupid rate. Looks like the NFT feeding frenzy is still surging ahead!

Recently, a big player bought the Astronaut Bored Ape #6709.

The new owner of this NFT shelled out 100ETH, or $420,000. According to Opensea data, this is the second time the Bored Ape #6709 has been sold. The previous owner bought the NFT for scarcely 0.75 Eth in May last year.

BAYC: Who bought it?

So who bought this NFT? Horizen Labs, a Web3.0 developer. They build blockchain products and tools for the “decentralization rprogress.”

Just after the Bored Ape Yacht Club (BAYC) team announced their partnership with Horizen Labs on Twitter, the Horizen Labs bought the Ape. They say it was to signal their support of the NFT space, in that the BAYC and community play a role.

Dean Steinbeck, the President of Horizen Labs, said they wanted to be part of the BAYC community, and want to participate in multiple ways. “This includes bringing new products and services to the ecosystem to make it more diverse and robust.”

Tokenization space

Horizen Labs joining the BAYC hints at their master plan – to get into the cryptocurrencyization space, and fast.

Rob Viglione, CEO of Horizen Labs, said, “This purchase is a sign of our high partnership with the Bored Ape Yacht Club and our upward role in developing the Web3 space. When determining that Bored Ape to purchase, the Astronaut Bored Ape #6709 stood out to us. It is a signal which we are ready to go to the moon together with the BAYC community, the Horizen community, and all our other partners.”

Their future cryptocurrency releases will be called the Zenny Token and Zenny NFTs.

Horizen likewise say they will promptly release their own cryptocurrencyization platform. 

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