Bored Ape
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The Bored Ape Yacht Club NFTs Sold for $24 Million :

Sotheby’s recent tweet reveals the art merchant hosting the meme-inspiring NFT collection.

For instance, 101 of 107 Bored Yacht Club NFTs have now sold for roughly $24.4 million.

Similarly, 101 Bored Ape Kennel Club NFTs sold for another $1.8 million in the “Ape in!” auction.

This records the largest sale of their ape NFTs till date.
Each NFT portrays an ERC-721 token and was minted for as low as 0.08 ETH (now $281) each this year.

Meanwhile, Each image shows the same monkey in the same position.

However, it has a varying combination of backgrounds, accessories, and facial expressions.
NBA superstar Stephen Curry purchased one of the apes.

He featured it as his Twitter profile picture as a way to hype the collection.

Supporters of the collections calls it “historical moment for the whole NFT space.”
The NFT Hype Continues Rapidly

NFTs showed the ability to continuously draw people’s interest and money.
Recently, Even simple images of rocks can be sold over $100K when in the form of an NFT.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.