BetOnline purchases Bored Ape Yacht NFT for 375 000

Operator BetOnline has purchased a rare Bored Ape Yacht Club NFT

Operator BetOnline has purchased a rarefied Bored Ape Yacht Club NFT.

The purchase of Bored Ape Yacht Club #320 was made for 120 Ethereum, which equates to o'er $375,000. This has led the sports betting troupe to go part of an scoop community of Bored Ape members, which also includes Dr Dre, Snoop Dogg, Eminem, Paris Hilton and Justin Bieber.

In Dec 2021, BetOnline made its way into the NFT securities industry through targeted purchases of the “Knights of Degen” project. This modish purchase is said to suggest the long-term financial intentions of the company, as advantageously as a programme to beef up incorporated sponsorships and promotions.

Who knows whether concepts like NFTs and the metaverse will really snatch on inwards the long term, and whether people experience genuinely assessed their limitations as of yet? For now, though, some are clearly jumping on the trend.

BetOnline CEO Eddie Robbins III commented: "Our troupe was an ahead of time adopter of cryptocurrency because we strongly believe inward the futurity of blockchain technology. NFTs are a new vertical for us, but we're just as bullish on this world(a) movement as we are on the crypto space."

During Super Bowl LVI, BetOnline is planning on giving away $1,000 of Bitcoin for every tip scored to selected individuals within a raffle. The raffle off is unresolved to anyone, with enrolment uncommitted on the website before start-off on Super Sunday.

It is also running an additional contest that sees a Bitcoin prize existence offered to anyone who predicts both the victor of the gamy and the exact final score.

BetOnline late completed a multi-year business deal that sees it workings as the official sports betting partner of the eight-team strong Fan Controlled Football League. Four of the ogdoad teams are owned by item-by-item NFT projects; these are Bored Ape Yacht Club, Knights of Degen, Gutter Cat Gang and 80KI (Steve Aoki).

Robbins III added: "We saw this as an extremely exciting opportunity to conjoin ace of the world's to the highest degree worthy NFT communities. Our Ape really radius to us. He's fun, he's articulatio coxae and he's now a symbolic representation of our dedication to this industry.

"We're just getting started with non-fungible tokens, but we experience freehanded plans for this burgeoning industry."

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