First, itacquired two other popular NFT projects: Crypto Punks and Meebits.
Second, it announcedthe listing of the ApeCoin token on leading exchanges.
Now, its valued at over $4 billion.
With this latest funding the firm has announced itsmetaverseplans as one does in web3.
40% off TNW Conference!
What the hell even is a Bored Ape Yacht Club?
The project launched in April 2021, selling each piece for 0.08 ether ($190).
While all original 10,000 apes have been sold, the resale of these NFTs generates millions per month.
Earlier this year,BAYC passed $1 billion in total sales.
They also get access toexclusive in-person partiesfeaturing some of the stars mentioned above.
If you dont want any of these perks, you might generate money by reselling your ape.
The lowest value youll get for a resale at the time of writing is$305,385.78.
All this is great.
Sure, BAYC, Yuga Labs, and a16z have everyone dreaming about owning an ape.
After all, its all about hype and being part of this exclusive club.
See you on the Otherside in April.
Basically, we dont think deep social experience comes from essentially a Zoom chat and walking around saying hi.
We think the real Ready Player One experience will be player run, he added.
Dont ask me what any of that actually means.
The company hasnt really provided a solid roadmap of how all of this will pan out.
But until we see some of those projects, all that talk is vaporware.
Not all people are impressed by the perceived value that ApeCoins or NFTs bring.
I don’t hate apes, I just want them to fund public goods!
That’s one heck of a mixed bag.
He likes to say “Bleh.
That’s one heck of a mixed bag.
He likes to say “Bleh.”
