NFT
Daniel Alegre, CEO of Yuga Labs – the company that founded the Bored Ape Yacht Club (BYAC) – personally bought a piece from his company’s own NFT collection. BAYC is the largest blockchain collectible by market capitalization, nearly $800 million.
For the sum of 50 ether (ETH), or approximately $90,000, Alegre acquired ownership of his Bored Ape – number 3575 – which is distinguished by its unique depiction of a chimpanzee wearing sunglasses and a sea captain’s hat. The floor price to buy a Bored Ape NFT is currently 43 ETH ($77,500), according to CoinGecko.
The art for each token is a unique combination of different properties, and holders receive creative and commercial rights to their monkey images.
Alegre made the purchase on Blur’s NFT trading platform yesterday. He previously funded his Ethereum address with ether from a Coinbase account, as on-chain data from Etherscan shows.
He later posted his new NFT asset on Twitter, lovingly introducing it to his kids with the caption, “To my kids: meet a new member of the family. Proud to Ape into BAYC #3575.”
Alegre adopted his recently acquired NFT’s avatar as his Twitter profile picture, a move that appears to reflect his active involvement in the NFT community and commitment to Bored Ape Yacht Club (BAYC) culture.
In December, Yuga Labs hired Alegre – the former president of gaming company Activision Blizzard – as CEO. He now oversees Yuga’s portfolio of intellectual property, which includes the Bored Ape Yacht Club, CryptoPunks NFT, and the Otherside metaverse platform. His tenure as CEO officially began on April 1.
Last year, Yuga Labs closed a $450 million funding round from Andreessen Horowitz at a $4 billion valuation.