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.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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