A growing list of celebrities and prominent people are buying Bored Ape Yacht Club Boring Ape NFT to use as social media avatars. NBA star Stephen Curry recently bought a single Ape for $180,000 worth of Ethereum. He joins NFL star Dez Bryant and music artist Eminem among those who have bought Apes.
The apes in the NFT are not just any apes, either. They are “programmed works” that have unique characteristics. Each batch of 10,000 contains different designs and styles. The apes come with various facial features and clothes and can be interchanged. Even their mood and appearance can be changed to create unique NFTs.
As the market for cryptocurrency tokens grows, the demand for Bored Ape NFTs will likely grow as the supply increases. As a result, the price will probably increase. The key to making money with this crypto currency is finding someone who will be willing to pay a higher price for it. Fortunately, the current supply of these tokens is relatively limited, which means that there is a high demand for them.
Although Boring Ape NFT are still relatively new, they have already made waves in the traditional art world. The recent Bored Ape Yacht Club NFT auctions attracted celebrities who bought the tokens for $460,000. Many people were surprised to learn that a JPEG with such a high price is actually a very interesting artistic achievement.
The Boring Ape team was formed when the founder of the company saw the popularity of cypherpunk and wanted to create an avatar-like Boring Ape NFT that combines these two. To create the platform, he hired two engineers, No Sass and Emperor Tomato Ketchup, and an Asian illustrator named Seneca. These friends helped him create the first prototype of Boring Ape.
The BAYC collection contains 10,000 unique NFTs that were algorithmically generated from over 172 possible traits. Each ape’s rarity is determined by its rare trait. Some of the most sought after traits include blue beams, laser eyes, and solid gold fur. Rare traits include the “Bored Unshaven Pizza” mouth, which is found on only one ape. This unique collection is becoming so valuable that it has already garnered over US$1.4 billion in value.
The Bored Ape NFT is considered the strongest in the world. It is a symbol of the Boring Ape Yacht Club, which includes more than a thousand “Boring Ape” NFTs. They are issued in limited quantities and the limited supply creates a high demand. Its value is often worth hundreds of millions of dollars if it is rare. In addition to the Bored Ape NFT, the Bored Ape Yacht Club also organizes events like meetups around the world.
A Bored Ape NFT can be purchased from cryptocurrency exchanges such as Ether or Ethereum. The cheapest NFT available for purchase costs around USD 200. However, you can buy a rarer one for up to $80K. One notable example of a Bored Ape NFT is Stephen Curry’s avatar, which sold for more than $190 at the time of launch.
As a Bored Ape holder, you can adopt a dog as a companion. The dog adoption is free of charge from the Kennel Club and does not require any other fee. Almost ninety-six percent of Bored Ape owners took up the offer. The other four hundred dogs were left to the swamp to die. Currently, some of these dogs are available on online marketplaces for adoption.
The Bored Ape NFT is one of the most influential initiatives in the Boring Ape NFT world. For over a year, it was the second-most-priced NFT behind CryptoPunks. By 2022, the average price of an individual Bored Ape NFT is expected to reach $200k. Without the help of one NFT collector, this project may not even exist.
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