The well-known NFT collection, Bored Ape Yacht Club (BAYC), is again making waves on News websites. On the OpenSeamarket, it has already reached a valuation of up to USD 1 billion.
BAYC is one of the most popular extant NFT sets. It was recently stated that it had reached a market value of up to $ 1 billion in the OpenSea market.
According to the trading platform’s website data, the collection has already achieved a trading volume of 298,265 thousand ETH. With the price of ether hovering at $3800 at the time of writing, it is moreover $1.13 billion.
The BAYC collection is OpenSea’s second most popular, after only the CryptoPunk series. It is a collection of pixel pictures portraying the title points, also related to tokens.
However, it is worth noting that BAYC has had a greater trading volume than CryptoPunks in the last month. This might be a precursor to a shift in the NFT king’s throne.
In September, Sotheby’s sold a set of 101 BAYC tokens for a total of $24 million.
Other successes follow numerous achievements. BAYC has already forged relationships with several well-known companies, including Adidas, along with its expanding popularity.
Magda Gessler, for example, is interested in the Polish NFT market and just purchased a token and a graphic representing a teddy bear that looks like her. Fancy Bear is the name of this unique piece of art.