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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]
At the time, the price of ETH was around $2,600, so the total cost of the NFT was around $1.3 million. At the same time, the floor price for the Bored Ape Yacht Club NFT project was 85 ETH, or ...
This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2023. [note 1] Where necessary, the price is first converted to dollars using the exchange rate at the time the NFT was sold. The inflation adjustment may change, as recent inflation rates are often revised.
Tesla and SpaceX CEO, Elon Musk, allegedly bought a Bored Ape non-fungible token (NFT) piece, worth close to 600 Ethereum.
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]
A group of investors is suing Sotheby’s auction house and others over the promotion of Bored Ape Yacht Club NFTs following a collapse in prices for the celebrity-endorsed collectibles.
OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
Yuga Labs raised $320 million in ApeCoin over the weekend for its sale of digital land plot NFT's, and high demand crashed the ethereum network.