The Bored Ape Yacht Club has made the cryptocurrency world a hot topic in the past year. The satire reaches new heights with its NFT collection, which is currently selling for a cool $2.9 million. According to the website, the term “aping in” refers to investing large amounts of money in something you know little about. The term was coined by Ryder Ripps, creative director of the rap group Kanye West. The social media community of the apes has swarmed with the apes’ artwork.
Although the NFT holders have full commercialization rights, the “floor price” for a Bored Ape Yacht Club membership is 71 ether. However, the company has yet to comment on the potential for the sale of its products. One of the founders, Michael Adler, has a background in entertainment production and speculates that the idea has caught on because it’s easily available. In November, Artamonovskaja bought one ape for fifteen dollars. This ape is currently fielding offers for upwards of twelve thousand.
There are some other notable owners of a Bored Ape. The comedian Jimmy Fallon bought an ape with a hefty price tag of $220,000 and displayed it on The Tonight Show. Post Malone, Steph Curry, and Paris Hilton also bought a Bored Ape. Unlike many other apes, this one costs more than $200,000, so if you’re in the market for one, you’re in luck!
Avatars of Bored Ape Yacht Club
The concept is quite intriguing. It’s basically a virtual lounge where you can spend your money. There’s no actual boat in the world, but it’s fun and wildly profitable to the owner. There’s no limit to the apes’ growth. As long as there are enough interested buyers, the Bored Ape Yacht Club will be a big success. The only problem is that it’s not going to go beyond ten thousand members.
Despite the limited number of users, the Bored Ape Yacht Club NFT token is already worth a few million dollars. The price of the token has passed the floor price of 100 ETH on Saturday and is currently trading at 104 ETH. Justin Bieber’s popularity is a great boost for the apes, and the celebrity has the potential to make the apes more valuable.
The Bored Ape NFT token is currently trading at a floor price of 71 ether. But the ape with the golden fur trait sells for much more. But the ape’s price is not set in stone. The ape’s value is dependent on the buyer. It will only ever reach a maximum value of ten ether. It is worth noting that the current ape’s market cap is 104 ETH.
Features of Decentralized Model
The Bored Ape Yacht Club has yet to sell a single ape for this price. Its “floor price” is 71 ether. The ape’s golden fur makes him an extremely rare breed. His gold fur ape sold for $1.36 million last week and apes with this trait sold for more than three million dollars two months ago. Nevertheless, the value of the ape varies widely.
As of now, the Bored Ape Yacht Club has a total of ten thousand avatars. Each ape has unique traits and perks. For example, Jimmy Fallon bought a middle ape for more than $200,000 and flaunted it on his Tonight Show. Paris Hilton also bought a Bored ape. Aside from celebrity fans, many other members have become investors in the project.
Bored Ape Yacht Club Offers
This project also features a decentralized model. Bored Ape Yacht Club offers a virtual lounge for apes. You buy a non-fungible token with one of its unique owners, who gets to use the apes for commercial purposes. The apes’ perks and traits are randomly generated, and the apes’ traits are entirely up to you. As long as the token is sold, you own a piece of the disinterested ape.
A second popular online community for apes is the Bored Ape yacht Club. A lot of apes have their own Facebook pages, and they can be found on both sites. As with most communities, the Bored ape is a great way to network. In addition to becoming a valuable member, you can even join the Mutant ape Yacht Club. You can also sell your tokens on eBay and other platforms.
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