• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Golden Key

Bored Ape Yacht Club’s ‘Golden Key’ NFT Sells For $1.6M

Taylor Scott
by Taylor Scott
2 years ago
·
Posted in NFT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Yuga Labs and Bored Ape Yacht Club’s ‘Golden Key Sewer Pass’ is less than a month old, but it’s already found a new home courtesy of an ambitious buyer this week. One of the more rare 7-figure NFT purchases these days, the acquisition of the ‘Golden Key’ came at a hefty price tag of 1,000 ETH.

When we look back in retrospect, will the move signal another major inflection point in web3 culture and gaming?

Let’s dive into the details surrounding the one-of-one NFT’s purchase.

If It Glitters, It’s Gold

We first highlighted the story of the ‘Golden Key’ when covering Yuga Labs’ game ‘Dookey Dash’ in late January. The Yuga Labs title required a Bored Ape (or Mutant Ape) Yacht Club NFT to purchase a “Sewer Pass” to play (though secondary markets did their thing, commanding 2-3ETH), and many pro and semi-pro esports players were (and have been) offering ‘boosting’ services to help more casual players earn a better score.

At that time, professional esports player Mongraal – who had long been a tier 1 pro in Fortnite’s EU region – was making a splash racking up insane scores in the Dookey Dash game. When the initial period closed in February, Mongraal had the highest recorded score – and was the rightful winner of the golden key.

Over the past couple weeks, NFT native collectors submitted various bids for what’s largely considered the first true ‘one of one’ Yuga Labs NFT. The winning bidder, however, was NFT collector Adam Weitsman with a 1,000 ETH bid – worth roughly $1.6M at the time of sale. The sale reinforces many’s continued belief in Yuga Labs – both from the buying and selling parties. Both Mongraal’s skill and commitment to the game for several weeks, and Weitsman’s financial value placed on the NFT – there is clearly plenty of bullish perspective still in the NFT space.

Related Reading: Bitcoin Gone In 12 Rounds: Drake Loses $400K BTC Bet On Jake Paul-Tommy Fury Fight

Esports professional Mongraal sold his Yuga Labs 'Golden Key' NFT for 1,000 ETH this week. | Source: ETH-USD on TradingView.com

The Golden Key: How It Measures Up

Mongraal confirmed the sale of the key in a tweet on Monday, and you can find the OpenSea link HERE to view the NFT and it’s transaction log.

I have agreed to sell the key for 1000 ETH to @AdamWeitsman. Super nice guy and thrilled the sale 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

The sale represents what could signal a major turning point in gaming – though one that could take some time to fully digest. Epic Games – the creator and owner of Fortnite – has slowly scaled down payouts from Fortnite competitive tournaments; if Yuga Labs and other web3 mainstays can develop a GameFi ecosystem that rewards players, it could draw eyes and ears from players (and spectators) of current traditional competitive titles.

Don’t expect CS:GO to go anywhere anytime soon. But small strides can amount to bigger waves – and there’s plenty of fish pushing for small but meaningful strides in this space.

Related Reading: TickrMeter Review: Track Bitcoin & Other Cryptocurrencies From Your Desk Or Nightstand

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Taylor Scott

Taylor Scott

Follow

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Full Profile

Related Posts

NFT

Decentralized Defense? NFT Group Targets Cold War Nuclear Bunker Buy

4 months ago
nft

Mutant Ape NFT Creator To Forgo $1.4 Million, Escapes Jail Time

10 months ago
NFTs BAYC Punks MAYC OpenSea Binance Bitcoin

NFT Market Down 92%, Analyst Thinks This Is The Best Time To Invest

10 months ago
NFT

NFT Market Crashes: 95% Of Assets Become Worthless

1 year ago
Yuga Labs

Yuga Labs Announces Another Company Restructuring And Layoff In 6 Months

1 year ago
NFT

NFT Market Resurgence: Investors And Creators Rekindle Interest In Digital Assets: Report

1 year ago

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    14 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    14 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    15 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    20 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.