why are ape nft so expensive

why are ape nft so expensive?

Utility. Bored Ape art is not only valuable because it serves as a digital identity—but also because of the accompanying commercial usage rights. Not only can Bored Ape owners re-sell the NFT for a profit, but they can also sell spinoff products based on the art.Apr 6, 2022

In this regard,How much is an ape NFT worth?

Bored Ape NFT worth $350,000 sold for $115 on Opensea | Technology News,The Indian Express.

Thereof,What is so special about ape NFT?

The apes are NFTs, or non-fungible tokens, which means that every ape is a unique item with a single owner. The owner of each ape is recorded on the blockchain, a digital and transparent ledger where everyone can see who owns a particular NFT.

Correspondingly,Who owns most Bored Apes?

From buying and selling to creating, DJ Steve Aoki has a longer history with NFTs and Bored Apes than most celebrity ape owners. Other than BAYCs like #118, #1867, #3719, #4190, #5823, #8716, #9050, #9394, Mutant Ape #17438 and Mutant Ape #17439 in his NFT collection, he also owns CryptoPunks.

Considering this,What is the rarest Bored Ape?

Bored Ape #7495(1) Bored Ape #7495–364.42 Rarity Score According to Rarity. Tools, this is the rarest Bored Ape in the collection. It has not been sold since it was minted in April of last year.

Related Question Answers Found

Why is Bored Ape popular?

A major appeal of Bored Apes is their use as avatars—many owners change their Twitter and WhatsApp and even LinkedIn display pictures to their apes. They draw less from the lo-fi early internet aesthetics of other NFT projects like CryptoPunks and more from comic books and Pokémon cards.

What is the cheapest Bored Ape?

The cheapest one can currently buy a Bored Ape NFT avatar, a popular profile picture on social media, is around $350,000.

What is NFT in Crypto?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.

Is it illegal to screenshot an NFT?

It’s legal to screenshot an NFT as long as you don’t sell it somewhere else or pass it off as your own or post it online or wherever you want or make a physical copy. If you do this, then the owner of the NFT could sue you for copyright infringement, or you could face other criminal charges.

What happens if you screenshot an NFT?

By taking a screenshot of an NFT, does not make you the rightful owner of the artwork.

How do you make money with NFT?

Sell Non-Fungible Token on a Marketplace: One of the most popular ways for people to make money is by selling their NFTs on a marketplace. There are a variety of platforms and marketplaces where these NFTs can be sold and traded on, such as: OpenSea. Axie Marketplace.

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