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    Home » News » A Real Miami Nightclub Just Bought A Bored Ape. Is This The Beginning?

    A Real Miami Nightclub Just Bought A Bored Ape. Is This The Beginning?

    By OlaDecember 28, 2021Updated:September 21, 20223 Mins Read

    Miami nightclub “E11EVEN” has officially joined the BAYC with its purchase of Bored Ape Yacht Club NFT #11. The company that owns the nightclub, E11EVEN Partners, announced the purchase on Monday. They bought the Bored Ape NFT for 99 ETH, about $387,000 at the time of writing.

    A photograph from Miami Nightclub E11even on NFT Night featuring a Bored Ape auction
    “E11EVEN” previously hosted an NFT Night during Art Basel. Credit: E11EVEN Miami | Adinayev

    Miami Nightclub Builds On NFT-Friendly Moves With Bored Ape Purchase

    Although the Bored Ape is the nightclub’s first NFT, they’ve been involved in the web3 space for a while.

    For example, E11EVEN started accepting cryptocurrency payments in April of this year. This earned the popular venue the distinction of being the first major nightclub in the US to do so. So far, the downtown Miami nightclub has since processed over $4 million in crypto payments.

    What’s more, E11EVEN hosted an “NFT Night” event at the beginning of December. Of course, that event happened during Art Basel Miami, where NFTs took center stage.

    Notably, Art Basel was one of the biggest moments for NFTs this year. Indeed, there were many Miami venues to embrace NFTs and host events during the show, as the industry collided with the traditional art world.

    Image of velvet jacket-wearingBored Ape #11, the NFT purchased by Miami Nightclub E11EVEN
    After following the Bored Apes for some time, the popular Miami nightclub went for – you guessed it – BAYC #11. Credit: The Bored Ape Yacht Club

    Which Business Will Be Next In Line For A Bored Ape?

    Given the Miami nightclub’s clear interest in NFTs, the expensive Bored Ape purchase shouldn’t come as too much of a surprise.

    Not to mention how Miami, with its crypto-friendly policies and Mayor, is becoming somewhat of an NFT hub in the United States. As a matter of fact, building an IRL Miami clubhouse is one of the points on the Bored Ape Yacht Club’s Roadmap 2.0.

    One thing is for sure – businesses in every industry are falling in love with NFTs and jumping into the NFT space. We’ve seen this coming ever since Visa bought its CryptoPunk earlier this year. Not only was this a sign of big business noticing NFTs, but it also marked the Punks as the most important NFT project at that time.

    However, it’s clear that The Bored Ape Yacht Club is now challenging Punks for the number one spot in NFTs. So expect to see more nightclubs and other businesses make moves like E11EVEN Miami’s in the future.

     

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Previous ArticleGutter Cat Gang x Malik Monk’s “Gutter Kicks” NFT Auctioned Off for Charity
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    Ola

    Ola is a US-based writer and digital nomad. He loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.

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