StonkBrokers Blazes Past Bored Ape Yacht Club in Robinhood Chain NFT Market
The Robinhood Chain has seen an explosion of activity in its NFT market, with one collection, StonkBrokers, now boasting a higher floor price than Bored Ape Yacht Club. The floor price is currently sitting at 9.95 ETH, down 26% from its peak of 13.41 ETH on August 11th.
StonkBrokers is an NFT collection that launched on July 17th and consists of 4,444 items. Each item has its own token bound account, which gives it its own on-chain wallet. At mint, each token received a random tokenized equity token from companies such as TSLA, AMZN, NVDA, and PLTR.
The collection's floor price is not actually a fixed price, but rather a formula that takes into account the reference price of 666,666 $STONKBROKER tokens plus a 10% fee in ETH. The actual floor price has been trading at around 9% above this reference price.