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Huge NFT Sale on BNB Chain
PancakeSwap has recorded another huge Non-fungible Token (NFT) sales on BNB Chain. The protocol’s Pancake Squad collection continues to maintain its place as one of the most valuable digital collectibles in the industry.
The platform’s NFT page shared the huge sale on Twitter, disclosing that an NFT—Pancake Squad #1823, sold for a mouthwatering fee worth $177,491 (399 BNB). While the fee is huge, the Decentralized Exchange (DEX) has previously recorded massive NFT sales, including the Pancake Squad #337, which sold for 999 BNB in 2021, as documented by BSC News.
Following the recent development, the total amount of Pancake Squad NFT sales has crossed 92K BNB, equivalent to over $40 Million. PancakeSquad's Twitter page shared some of the statistics on April 3 using a snapshot.
As of writing, Pancake Squad is the hottest commodity on the PancakeSwap NFT marketplace. The floor price for one Pancake Squad NFT is 6 BNB, representing its considerable value on the platform and across the BNB Chain. Therefore, owning one of the 10,000 unique, randomly-generated NFTs is a remarkable feat in the NFT space. With the booming NFT ecosystem, the unique collection will keep gaining recognition and incurring more value.
What PancakeSwap?
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BSC.