Bored Ape Yacht Club Is Becoming More Valuable

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.

Read Also: Binance Made A Strategic Investment In WOO Network

- Advertisement -

Comments are closed.