So you may be wondering what makes Bored Ape Yacht Club valuable? The short answer to you is that they’re status symbols, and like all status symbols, their value comes from perception and branding rather than utility. BAYC often colloquially called Bored Ape, is a non-fungible token (NFT) collection built on the Ethereum blockchain. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.
Continue ReadingThe Rise Of Bored Ape Yacht Club (The Story Behind)
