The Bored Ape Yacht Club (BAYC), a collection of highly sought-after non-fungible tokens (NFTs), has already sold over $1 billion in total.
According to data site CryptoSlam, the total sales amount for the 10,000-piece collection is now about $1.03 billion.
BAYC hits a milestone in the first few days of the new year. Of course, with sales of around $55 million since January 1.
Celebrities, many of whom were rappers, were very enthusiastic about the digital apes in the latter weeks of 2021. Martin Garrix, Post Malone, Diplo, and DJ Khaled are just a few of the many artists. Of course, who have ‘aped in,’ as the crypto idiom goes.
On January 3, rapper Eminem joined the fray, spending $462,000 on a gold-jacketed specimen.
The endorsement of well-known celebrities has given credence to the notion. Which, that primates have become a status symbol on par with showy cars and watches. In-depth articles from publications such as Rolling Stone, a popular culture publication, have also been published.
MoonPay, the $3.4 billion crypto payments app, has also fueled interest in the NFTs. That’s, by brokering sales to big-name celebrities through a new concierge service, including many of those listed in this post.
Nonetheless, BAYC’s success has not been without controversy. Some sectors of the crypto market have mocked the group for not employing sensible security techniques. Which is, a flaw that leading to the theft of some monkeys. So, BAYC was obliged to respond to claims of racist roots in a Twitter post on Monday.
Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.