ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched

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ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched
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North American ApeCoin holders are geo-blocked from using a new staking website, two Bored Apes have sold for nearly $1M each, and ApeCoin DAO has launched a new marketplace.

for buying the “most expensive NFT collectible” after purchasing CryptoPunk #5822 for 8,000 ETH, or $23.7 million, on Feb. 12.on Nov. 24 for BAYC #1268 between two unidentified wallets for 780 ETH, or almost $940,000 at the time of sale.

The sales are significant as the NFTs sold far above the current floor price for the collection which has seen a decline over the past months.from NFT Price Floor, the minimum price for a Bored Ape at the time of writing is just under 63 ETH, or about $75,600, and is 80% down in U.S. dollar terms from its May 1 all-time high of 144.9 ETH, or over $391,000 at the time.

The aptly named ApeCoin Marketplace built by NFT infrastructure firm Snag Solutions was launched on Nov. 24 and supports transactions of the BAYC, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherdeed NFT collections. In a Nov. 24 Twitter thread Snag Solutions CEO, Zach Heerwagen, said the marketplace “includes unique features” specifically for NFT communities including the ability to stake APE.

1/ The custom marketplace includes unique features built specifically for the BAYC and Otherside communities, including ApeCoin staking and NFT metadata integrations.

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