The entry costs for two of the most popular NFT collections — CryptoPunks and Bored Ape Yacht Club (BYC) — have nearly matched.

NFTs are digital assets that exist on blockchains. Unlike currencies, they can’t be spent; instead, NFTs are non-fungible, meaning each token is different.

CryptoPunks are one of the first NFTs to hit the market, with over 10,000 individual tokens available. As of December 23, most CryptoPunks are listed between 55 ETH ($225,920 USD) and 80 ETH ($344,615).

By comparison, Bored Ape Yacht Club has around 5,200 NFTs in total. The cheapest BYC token listed online is listed at 2 USD.

BYC went viral after its creator Yuga Labs changed the initial price of an entry-level token from 1 ETH to 0.2 ETH, which caused a wave of sales and purchases for this collection.

In fact, it seems that Bored Ape Yacht Club’s accessibility to the mainstream market has been key to its success.

“One of the major reasons [that I created BYC] was because CryptoPunks were way too expensive for people to get into collecting 1/1 NFTs — and I think we’ve proven that a lot of people were undervaluing NFTs,” Yuga said.

Yuga also said that the rise in CryptoPunk prices was likely due to its notoriety as being one of the first major NFT projects ever created.

“It’s not just about the price point, though. The high level of secrecy, scarcity, and exclusivity goes a long way in driving interest for NFTs.”

The similarities between the two collections are unsurprising given that CryptoPunks was built on top of BORGONE, an NFT manager created by Yuga Labs.

CryptoPunks have recently been auctioned at Christie’s and Sotheby’s, with its highest-selling piece recently being sold for $10.26 million USD.By comparison, CryptoPunks has not added value to any of their NFTs since they were created in 2017.