After winning the competition around Yuga Labs’ Dookey Dash game, streamer Mongraal sold the Golden Key, the NFT symbolizing first place, for the equivalent of $1.6 million.
The Dookey Dash Golden Key sold at a crazy price
From January 18 to February 15, Yuga Labs offered a competition for members of the Bored Ape (BAYC) and Mutant Ape Yach Club (MAYC), around a game called Dookey Dash.
The winner of this competition is an 18-year-old Fortine streamer: Kyle Jackson, responding to the pseudonym of Mongraal:
Ended 1st in dookeydash @BoredApeYC
This is the last 3+ mins from my rank 1 score 🤝 pic.twitter.com/opYuI4feaz
—Mongraal (@Mongraal) February 8, 2023
He thus won the “Golden Key”, a unique key in the form of a non-fungible token (NFT). If the real function of this key has not yet been fully revealed, the auctions nevertheless panicked.
Mongraal first listed it for 2,222 ETH, and he received several tempting offers, including one at 690 ETH from UPDDAO. The streamer said he would accept if the bet was doubled, but it’s ultimately Adam Weitsman’s offerCEO of a scrap metal recycling company, who was accepted.
The transaction was thus concluded last night for 1,000 ETH, or more than $1.6 million at current price:
I have agreed to sell the key for 1000 ETH to @AdamWeitsman. Super nice guy and thrilled the dirty went through with him.
A special thank you to @yugalabs for hosting an incredible competition. I look forward to competing in future events. Royalties will be paid in full.
1/2—Mongraal (@Mongraal) February 27, 2023
👉 To go further – Find our guide on non-fungible tokens (NFT)
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Yuga Labs on all fronts
It is common to see NFTs from different Yuga Labs collections trade at remarkably high prices. In May 2022, for example, it was n0b0dy.eth who bought land from the Otherside metaverse for 625 ETH, or $1.6 million also at the time. This land had the particularity of containing a unique artifact, and has not changed ownership since.
This collection also ranks fourth among the largest NFT caps, while the podium is occupied by BAYC, CryptoPunks and MAYC, all owned by YugaLabs.
To participate in the Dookey Dash game if you did not have a BAYC or MAYC, you had to hold an NFT Sewer Passwhose sale prices easily exceeded 3 ETH during the opening dates of the competition.
The Sewer Passes have moreover generated 39,843 ETH in volume as of this writing, or nearly $64.6 million. With a 5% creator fee on OpenSea, we can therefore estimate YugaLabs’ revenues at $3.22 million, just on the secondary market for this collection.
Despite a slowdown in the NFTs market inherent in the bear market, Yuga Labs shows that it knows how to bring its community together, initiative after initiative.
👉 Also in the news – Yuga Labs (Bored Apes, CryptoPunks) is getting into NFTs on Bitcoin (BTC)
Cryptoast launches its 1st collection of NFTs
NFTs associated with a collector paper journal 🔥
Source: OpenSea
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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