The pseudo-anonymous founder of Floor Protocol, known online as FlooringLab, paid $1.43 million in the equivalent of 588 ETH for an exclusive NFT. This NFT is linked to the gold Bored Ape Yacht Club (BAYC), formerly owned by the vault of the bankrupt FTX exchange.
The press release gives minimal details: on October 11, BAYC NFT #7940 was sold, with “golden skin” as its main trait. Another pseudonymous member of the Bored Ape Yacht Club, known as Xeer, commented in a tweet that it was “possibly the cleanest, most aesthetically pleasing golden monkey in the entire collection.”
In an Oct. 12 post, FLC_FlooringLab gave a brief history of its peculiar place to the bankrupt FTX:
“I had 20 million in assets locked up in FTX. SBF [Sam Bankman-Fried] took some of it from me. Now I'm taking back what belonged to him.”
BAYC NFTs, as well as CryptoPunks, have their elite subgroups in these NFT series, and it is to these that the “golden monkey” is commonly referred. Such expensive buys are very important for the current depressed NFT market because they clearly show that the market is alive and there are still big players in it.