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Apes! What's the deal?

Bored Ape Yacht Club has established itself as one of the most well-known NFT collections by establishing utility for the NFT Apes. 

Yuga Labs, the founders of Bored Ape Yacht Club, have successfully built an engaged community around the NFT Apes since launching in April 2021. Owners of Bored Ape NFTs receives exclusive access to membership benefits and have received additional NFTs and tokens over time.

Justin Bieber, Eminem, Neymar, Serena Williams, Timbaland and Jimmy Fallon are a few well-known people who have bought a Bored Ape, which has contributed to spark interest in mainstream media.

NFTs as investment

In an open market, objects are valued according to what someone is willing to pay. In the same way that the price of an airline ticket increases when many people want to book the same trip, individual NFTs can become desirable by many people around the world, which increases its value.

In addition, the value of an NFT is considered to be directly proportional to its distribution; how it is used, how it is marketed, how other things are created around it. As all NFTs are unique, the value of an NFT can quickly go up and down based on distribution and people's shifting preferences.

The value of an NFT can broadly be based on three variables:
1) subjective preference; 2) utility; 3) provenance.

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  • pepePepe (PEPE) $ 0.000018
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  • nearNEAR Protocol (NEAR) $ 5.08
  • ethena-usdeEthena USDe (USDE) $ 0.997749
  • bitget-tokenBitget Token (BGB) $ 4.16
  • aptosAptos (APT) $ 9.38
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  • kaspaKaspa (KAS) $ 0.119258
  • filecoinFilecoin (FIL) $ 4.92
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  • fantomFantom (FTM) $ 0.999819
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  • cosmosCosmos Hub (ATOM) $ 6.54
  • blockstackStacks (STX) $ 1.66
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  • ondo-financeOndo (ONDO) $ 1.64
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.35
  • celestiaCelestia (TIA) $ 4.99
  • immutable-xImmutable (IMX) $ 1.33
  • theta-tokenTheta Network (THETA) $ 2.18
  • injective-protocolInjective (INJ) $ 20.62
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,043.00
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  • movementMovement (MOVE) $ 0.834770
  • sei-networkSei (SEI) $ 0.427174
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  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • thorchainTHORChain (RUNE) $ 5.00
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,422.25
  • flokiFLOKI (FLOKI) $ 0.000171
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.026474
  • gatechain-tokenGate (GT) $ 13.00
  • jasmycoinJasmyCoin (JASMY) $ 0.033275
  • tokenize-xchangeTokenize Xchange (TKX) $ 19.83
  • lido-daoLido DAO (LDO) $ 1.74
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,496.54
  • galaGALA (GALA) $ 0.035594
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,024.00
  • flare-networksFlare (FLR) $ 0.026281
  • beam-2Beam (BEAM) $ 0.027644
  • fasttokenFasttoken (FTN) $ 3.32
  • makerMaker (MKR) $ 1,595.26
  • usual-usdUsual USD (USD0) $ 0.998302
  • the-sandboxThe Sandbox (SAND) $ 0.570119
  • nexoNEXO (NEXO) $ 1.34
  • kucoin-sharesKuCoin (KCS) $ 11.18
  • pyth-networkPyth Network (PYTH) $ 0.364839
  • tezosTezos (XTZ) $ 1.27
  • kaiaKaia (KAIA) $ 0.220510
  • based-brettBrett (BRETT) $ 0.128823
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 95,893.00
  • raydiumRaydium (RAY) $ 4.40
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,418.78