GOLD GLOATING: Floor Protocol Founder FreeLunchCapital Purchases Gold-Fur Bored Ape Once Owned By FTX For $1.4M!

He who laughs last laughs loudest! On Friday, Floor Protocol Founder and FTX victim FreeLunchCapital purchased a gold-fur Bored Ape that was once owned by the now-defunct crypto exchange for $1.4 million USD!

Irony filled the swamp last night as FreeLunchCapital acquired Bored Ape #7940 for 588 ETH (or $1.4 million USD).

 

Bored Ape #7940 is a six trait solid gold fur primate with a beanie and an earring. Based on these traits, Bored Ape #7940 is the 36th rarest ape in the collection.

For FreeLunchCapital, last night’s purchase wasn’t just business—it was personal.

 

After the purchase, the notable NFT investor took this golden moment to gloat about how things have changed since FTX and Sam Bankman-Fried (SBF) took millions from him during the exchange's collapse in November 2022.

“I had 20M worth of assets buried in FTX. (I am likely getting some compensation, but SOL was valued on the day of the collapse, and FTT and SRM are valued at 0) SBF took some from me. Now, I am taking something that was his,” he wrote. “Simple and fair.”

 

Following last night’s purchase, FreeLunchCapital now owns 20 Bored Apes (four of which have gold fur), 20 Pudgy Penguins, and 116 Azukis, among many other NFTs. Take a look at his collection below:

Along with getting even with SBF and adding grails to his top-tier NFT collection, FreeLunchCapital has been busy building his Floor Protocol business to make NFTs more accessible!

“Floor Protocol aims to address this divide by making NFTs more liquid to increase accessibility,” Flooring Lab’s whitepaper states. “Our mission is establishing balance by lowering barriers to entry. We believe NFTs should be the premier speculative assets available to all. By fragmenting and democratizing access, we maximize intrinsic value. Our goal is positioning NFTs as the most vibrant and inclusive asset class.”

 

The Bored Ape Gazette will continue to follow FreeLunchCapital and his Floor Protocol. Stay tuned for updates!