Cryptocurrencies, especially NFTs, have become popular since 2021 as a new form of digital business, which is gaining more territory and acceptance in several countries. Thanks to a programming system similar to that of Bitcoin or Ethereum, it did not have many problems to become known; In addition, it has the important difference that they are “non-fungible”, that is, they can be exchanged between them an infinite number of times.
To the surprise of many, this digital currency has already been launched even in technological products and also in video games, but almost no one has seen the possibility of introducing them into works of art. It turns out that in recent months some cartoons of monkeys have gone viral, which, despite their weird appearance, can be worth millions of dollars.
These are the Bored Apes, illustrated arts of different primates that serve as virtual heritage to be able to put them on international sale at a price that is estimated according to the value of their representation or of a particular detail. In this post, we’ll dwell a bit on this new trend and how celebrities are already part of it.
What is the term Bored Apes?
The Bored Apes were born specifically with the Bored Ape Yacht Club (BAYC), an art collection of 10,000 NFT Apes, which, in a nutshell, are custom apes with exclusive and completely unique features, which buyers can have as digital heritage in value of NFT, so you can decide what to do with it in the future.
According to the official BAYC channel, buying an Ape entitles you to several benefits, such as exclusive access to future collections and other benefits such as the game Mutant Arcade, the possibility of participating in charity events, discounts on certain events and more activities that even the highest offices in the world could not attend.
What is your approximate price?
Each Ape avatar is an NFT on the Ethereum blockchain, which means it is unique and not exchangeable with any other cryptocurrency or token. Currently, the price of each of them is at least $170,000 in total, although the price may vary depending on the shape of the monkey or the value that each user places on it.
Since most people interested in this section would rather spend an infinitely larger amount to keep its price going up, the ballpark millionaire figure that is given for a Bored Ape in good condition is $1.3 million . According to data from the NFT CryptoSlam portal, more than $750 million in trading volume has already been generated and it is estimated that the collection will double by the middle of this 2022.
Which celebrities have joined the Bored Apes club?
Due to the high price of this particular type of NFT, few people can access these tokens, so for now, only public figures have been seen buying this digital currency. For example, the Canadian singer Justin Bieber jumped right into this movement, buying his first Bored Ape figurine for a value of 500 ETH, or a sum reaching approximately $1.3 million. Among other music celebrities, we can find famous singers like Post Malone, Madonna, Snoop Dogg, Steve Aoki, etc.
For their part, footballers have also welcomed this type of investment in the future and, in recent weeks, the stars of the French club Paris Saint Germain, Neymar, Leandro Paredes and Marco Veratti, have made known through their networks that were to be introduced to this new company, through an investment which, between them, amounted to an average of more than a billion dollars for the purchases of BAYC #6633 and #5269.
Curiosities and controversial cases
At the end of last month, controversy was generated by the huge twist that was given to the price of an NFT, as a cryptocurrency collector who bought a Bored Ape Yatch avatar for $1,170, managed to resell it for over $180,000. This fact was recorded on the OpenSea market. The one-way transaction was just 0.77 ethereum (ETH) and just 20 minutes later the user offered it for 84.2 ETH.
In another rather controversial case, we can find the error of a user who sold an Ape worth 300,000 dollars for only 3,000 US coins, which is 100 times less than the official price of this work of art. art, which was called “Bored Ape #3 547”. According to the protagonist of this story, it was all a typing error with which several thousand disappeared in his story, but when he realized after the movement, he could not do anything.