why bored ape so expensive

why bored ape so expensive?

Some basic economics here: because there are only 10,000 Bored Apes, the supply of the NFT art is pretty limited. Coupled with the massive interest in the brand, we have a high-demand/low-supply dynamic that inevitably drives prices up. To boot, some Bored Ape avatars within the same collection are rarer than others.Apr 6, 2022

Correspondingly,Why are bored ape NFTs expensive?

The Bored Apes are NFTs with different characteristics. For example, some of the apes have gold fur or laser eyes. Some of the traits are rarer than others, which can lead to expensive NFTs.

Long,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.

Similarly,How much do Bored Apes cost?

At the current price of around $7.50, a Bored Ape NFT holder is eligible to claim nearly $76,000 worth of ApeCoin, while Mutant Ape NFT holders get about $15,300 worth.

In this way,Whats the most expensive bored ape?

Bored Ape Yacht Club #7090: $2,272,620 It established a new high for BAYC NFT, making Bored Ape #7090 one of the most expensive BAYC NFT ever sold. A whopping 303 percent or $1.69 million return in a month!

Related Question Answers Found

How many Bored Apes are?

10,000There are 10,000 original Bored Ape NFTs, each with a different combination of features like fur color, background color, outfits, and accessories that make each one unique.

Who owns Bored Ape Yacht Club?

Yuga LabsYuga Labs, the parent company of the Bored Ape Yacht Club NFT project, launched a new metaverse project Saturday called Otherside. For the project, the company sold 55,000 plots of digital land for the total equivalent of $320 million, making it possibly the largest mint of an NFT project to date.

How do Bored Apes make money?

Bored Ape Yacht Club makes money through the issuance of new digital artwork as well as via royalties from secondary sales and other transactions.

Why is bored ape Yacht Club so popular?

The Fallon-Hilton ape segment went viral, fueled by people making fun of how off-putting it was. As NFTs go mainstream, they continue to repulse and irk their critics, who have several compelling reasons to loathe them.

Why are NFT so expensive?

Another reason NFTs might be so expensive is because of the potential they have to link with the metaverse. The metaverse is a virtual universe in which people would be represented by avatars and own digital space, like the digital land sold in the Otherside virtual world.

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.

How many Bored Apes have been sold?

The Bored Ape Yacht Club (BAYC), a popular collection of 10,000 unique bored apes created by Yuga Labs has generated more than $1 billion in total sales amid celebrities flocking into the non fungible tokens (NFTs) bandwagon.

Who created Bored Apes?

Yuga Labs is the creator of Bored Ape Yacht Club, a project consisting of 10,000 ape-themed NFTs with different traits and unique characteristics. Like most PFP-based NFTs, BAYC was inspired by CryptoPunks, the first of many NFT projects looking to create a library of characters with unique traits and rarity levels.

Related Ad

Comments (No)

Leave a Reply