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- E11EVEN studied BAYC for some time, and after realizing the common attributes, they bought BAYC for 99 ETH and were pretty excited about the opportunities they would get with this acquisition.
- E11EVEN started accepting payments in cryptocurrencies back in April and has successfully processed transactions worth $4 million.
- Miami’s benevolent mayor and local policies are making it a crypto hub for companies and organizations that deal in cryptocurrency.
The company that supports the award-winning nightclub found in the hearts of Downtown Miami, E11EVEN Partners, declared on Monday that it had acquired the BAYC (Bored Ape Yacht Club) #11 for $396,000 in Ethereum, i.e., 99 Eth. The well-known Bored-Ape collectors, including Steph Curry, Jimmy Fallon, Post Malone, and many more, will be joined by E11EVEN.
BAYC Is E11EVEN’s Favorite Ape
Michael Simkins, the owner of E11EVEN Partners, explained to some news website that they studied the BAYC for a while and noticed the features that matched with E11EVEN, and #11 became their favorite Ape. He further explained that his firm contacted the NFT (Non-Fungible Token) owner through Discord. In the beginning, the owner of NFT was doubtful about selling BAYC, but following a few discussions with ups and downs, they managed to come to a settlement.
Simkins also highlighted how excited E11EVEN was to explore BAYC #11’s marketing opportunities eagerly. However, this is the first-ever purchase of NFT that E11EVEN made. Dennis DeGori stated, “this is an exciting acquisition for E11EVEN. We have been bullish on cryptocurrency for a long time. As we continue to embrace the cryptocurrency and NFT space, we look forward to seeing our community at the nightclub and in the metaverse & beyond.”
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The E11EVEN partners include Michael Simkins, Marc Roberts, and Dennis DeGori, who explained said that “E11EVEN has always dedicated itself to being cutting edge and staying ahead of the curve, we have seen tremendous success in the eight months we have accepted cryptocurrency (as a form of payment) and see opportunities like this as a natural transition for the business to continue to expand the brand and our assets. We are thrilled to have Bored Ape #11 as our first NFT acquisition as we continue to grow our footprint in the space.”
E11EVEN Partners With FTX
As per some releases, the nightclub in April started to accept payments in crypto, and since then, they have already managed to process over $4 million worth of transactions in cryptocurrency payments. Also, earlier in October, E11EVEN revealed that its real estate body, E11EVEN residencies, and hotels, made a partnership with FTX, the cryptocurrency exchange platform, to accept cryptocurrency payments for residential and luxury high-rise transactions.
Miami – The Crypto Hub
Miami is slowly converting into a central hub for businesses and organizations that deal in or with cryptocurrencies, and that’s all because of the benevolent mayor, known as Francis Suarez, and local tax policies which let firms go without completing property taxes for a very long period.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
