The floor price of Bored Ape Yacht Club has flipped CryptoPunks for the first time.

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This morning the cheapest CryptoPunk listed for sale on Larva Labs’ marketplace was 52.69 ETH ($210,515). Meanwhile, the cheapest Bored Ape Yacht Club NFT was slightly more expensive, listed at 53.9 ETH ($215,350).

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NFT enthusiasts on Twitter have been predicting the flip for weeks, so now that it’s finally happened, it's not too surprising. There are multiple reasons why it was inevitable, the primary one being that BAYC NFTs have generous IP rights compared to CryptoPunks.

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Currently, CryptoPunk owners do not get any rights to use their NFTs for any commercial purpose, whereas Bored Ape owner get generous IP rights that allow them to use their NFT however they’d like.

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