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    What’s the Cost of Being Vincent Van Dough?: Flipside Crypto

    By staff
    Flipside Crypto 2

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    What’s the Cost of Being Vincent Van Dough?: Flipside Crypto

    Who Is Vincent Van Dough?

    Vincent Van Dough, a notable NFT enthusiast, is renowned for splurging internet money on extravagant pieces like photorealistic versions of Pepe the Frog.
    Vincent Van Dough gained recognition as a member of TungstenDAO, famously known for purchased a solid 2,000 pound cube for a quarter million dollars’ worth of Ethereum (ETH) on November 1, 2021. TungstenDAO creates meme NFTs featuring the tungsten cube, often owned by Vincent and sold for several ETH.
    Let’s take a dive into the purchasing history of Vincent Van Dough. Using data provided by Flipside, we can track how much Vincent has been spending on an extensive collection of NFTs.

    Van Dough Has Spent $41 Million So Far on NFTs

    As of November 1, 2021, Vincent has invested a staggering 8,623.3 ETH in an NFT collection, equivalent to approximately 41 million USD at the time of writing.

    When factoring in the value of ETH at the time of each purchase, the total USD spent amounts to approximately 23.47 million USD, representing approximately 57.2% of the total equivalent in today’s value.

    Van Dough Has Sold Only $1.7 Million in NFTs

    For the NFT-savvy readers, you might be wondering if Vincent Van Dough held onto all the NFTs he purchased. While it’s possible for someone to sell a portion of their collection, Vincent doesn’t sell very often. Their earliest sale occurred on Aug. 13 of this year for 0.5 ETH, and all subsequent sales happened within the same month.

    The total amount earned from sales adds up to only 372.68 ETH, which represents approximately 4.2% of the 8,886.75 ETH spent on purchases.

    It Would Cost You 38 Million Dollars to Be Vincent Van Dough

    The total gas Vincent has spent is already remarkably high, but what portion of the gas was utilized for NFT acquisitions? Still, a pretty impressive amount.

    As of the time of writing, the total ETH spent as gas amounted to approximately 26.4, equivalent to about 121,440 USD today. Considering the price of ETH at the time of each fee paid, the value in USD is only 84,080.

    The gas spent on NFT purchases constitutes around 18.4% of all the gas Vincent has utilized, amounting to approximately 660,000 USD in equivalent value today.

    Vincent allocated about 142.229 ETH for gas, equivalent to $660,920 at the current rate. They conducted 6.357 transactions, utilizing a total of 1,435.636 million gas at an average price of 90.3 gwei. Out of these, 89 transactions failed, incurring a cost of 5.432 ETH.

    So, what’s the overall impact? Considering the total ETH spent on purchases (8,623.3 ETH), along with the gas used (26.4 ETH), and subtracting the ETH gained from sales (372.68 ETH), the grand total stands at approximately 8,277.02 ETH or $38,074,292 USD in equivalent value today. To embody the spirit of Vincent Van Dough would cost you 38 million dollars.

    Two Penguins and a Pepe

    Vincent Van Dough’s most extravagant NFT transaction reached 420 ETH, valued at 1,366,570.32 USD at the time of the purchase on Aug. 14, 2021. The acquisition included two penguins and a PEG with Pepe the frog on it.
    Vincent Van Dough’s highest expenditure on a single NFT amounted to 320 ETH, valued at 1,051,886.77 USD during the purchase on Aug 14, 2021. The piece purchased was an Art Block NFT.
    The highest price at which Vincent Van Dough sold an NFT piece was 230 ETH, equivalent to 756,663.73 USD, during a transaction on Aug. 14, 2021. The NFT was another Art Block piece.

    QUERIES [Using Flipside Crypto]

    PURCHASES: https://app.flipsidecrypto.com/velocity/queries/53b77a59-babd-4bd7-bf32-1029e6d62c5d

    GAS:

    https://app.flipsidecrypto.com/velocity/queries/b0604980-cb84-426e-8272-b31e44bde393

    SALES:

    https://app.flipsidecrypto.com/velocity/queries/f728a0c2-5b39-43da-9817-24f1afb6afb7

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