The company behind E11EVEN Miami nightclub, E11EVEN Partners, announced Monday it has purchased Bored Ape Yacht Club (BAYC) # 11 for 99 ETH ($ 396,000).
“As we studied the BAYC collection, we began to notice features that echoed with E11EVEN. Believe it or not, our favorite monkey was # 11,” E11EVEN Partners owner Michael Simkins told The Block in an email.
According to Simkins, his firm contacted the owner of the non-fungible token (NFT) via Discord.
“At first he hesitated whether to sell or not, but after a long dialogue, we were able to come to a mutual agreement,” said Michael Simkins.
He added that E11EVEN is “very keen to explore the marketing potential” of BAYC # 11. This is the first purchase by NFT.
Bored Ape Yacht Club NFT # 11, now owned by E11EVEN Miami.
The nightclub has already processed over $ 4M in cryptocurrency payments since it first started accepting cryptocurrency in April this year. In October, E11EVEN also announced that its real estate business, E11EVEN Hotels and Residencies, has partnered with cryptocurrency exchange FTX to begin accepting crypto in residential transactions.
Miami has become a center of gravity for cryptocurrency companies thanks in large part to Mayor Francis Suarez’s decentralized digital currency-friendly and local tax policy that keeps companies from paying property taxes for an extended period of time.
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