The Governor’s meme is valued at US$220 million, because Sotheby’s Boring Ape auction is expected to sell for US$18 million

After the original Doge meme NFT successfully conducted some token sales this week, its valuation soared to approximately $220 million.

The price of the most popular NFT this week is ridiculously high, and the NFT auction of Sotheby’s New Boring Ape Yacht Club is expected to reach $18 million.

Earlier this week, Doge meme owner PleasrDAO Break down the NFT To 17 billion ERC-20 tokens named $DOG, 20% of them were auctioned on Miso owned by SushiSwap on September 1.

The $DOG tokens snapped up in the auction can now be traded in the following ways Decentralized exchange For example, SushiSwap and Uniswap.auctions generate 11,942 parcels of Ethereum (WETH) from a total of 1,769 buyers were worth approximately US$44.6 million.

Considering the total supply of $DOG tokens-priced at 0.0000035186 WETH ($0.013) at the time of launch-the face value of Doge NFT is now approximately $220 million.

But some people say this is an underestimation. According to Fractional, the fragmented token platform, the implicit value of $DOG NFT is as high as 398 million U.S. dollars.The company doesn’t have Specified How is this number calculated.

Whether it is 220 million US dollars or 398 million US dollars, this is an amazing return for photos of dogs purchased for only 1696.9 ether (worth 4 million US dollars) in June.

PleasrDAO stated that the remaining 55% of the tokens will be maintained by the DAO, and the other 25% will be used to fund the $DOG community project.

related: The Dogecoin Foundation asks for a name change to imitate the meme coin “Dogecoin 2.0”

Apes are not Sotheby’s boring

At the same time, Sotheby’s is currently holding a 107 Boring Ape Yacht Club NFT auction, which is expected to sell for between US$12 million and US$18 million.

107 NFT Tied up It was sold by Yuga Labs, the creator of the project. They also auctioned 101 Bored Ape Kennel Club NFTs, which are expected to sell for between US$1.5 million and US$2 million.

Yuga Labs Auction: Sotheby’s

At the time of publication, the bid for the Bored Ape Yacht Club series has reached US$4.5 million, and the auction will end on September 10. The bid price of Kennel Club NFT reached US$480,000.

Bored Ape Yacht Club NFT has been very popular recently, Cointelegraph reported on September 2 NBA star Stephen Curry Joined the action by snapping up one of the NFTs for 55 ETH, which was worth approximately $207,000 at the time of writing.

According to CryptoSlam data, Bored Ape NFTs generate Sales in the secondary market in August reached a record high of $295 million. Although it is only the beginning of September, so far, NFT’s secondary sales have reached 10 million U.S. dollars.