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Bored Ape Yacht Club (BAYC), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm. The parent company of Bored Ape Yacht Club is Yuga Labs. [1]
The Drop Founder Gannon Breslin joins Yahoo Finance Live to discuss Instagram's NFT plans and the Bored Ape Yacht Club airdrop fiasco that allowed one user to claim $1.1 million worth of ApeCoin ...
MoonPay told CNN that they had 14 Bored Ape NFTs in a cold storage wallet which offered "more safety," and that five of the NFTs had been "purchased by concierge clients" and were in the process of being transferred. [16] After serving as President and COO of Coinbase, Asiff Hirji was hired as MoonPay's President in February 2023. [14]
Tesla and SpaceX CEO, Elon Musk, allegedly bought a Bored Ape non-fungible token (NFT) piece, worth close to 600 Ethereum.
In 2024, the cheapest NFT in the Bored Ape Collection is worth around $45,000, so you would have seen a loss of nearly 80%. Additionally, the best offer on Bieber's NFT is just over 14 ETH, which ...
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [47] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [48]
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