AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Non-fungible tokens run the gamut from crypto art and avatars to virtual real estate and trading cards. When it comes to crypto-collectables like these, not all collections are created equal. In particular, the Bored Ape Yacht Club NFT collection is fast becoming a household name — not just for those in the know, but in mainstream media as well. With its rising popularity, it looks to dethrone current head honchos like CryptoPunks.
The collection’s unique, almost instantly recognizable design has attracted large numbers of fans. Among them are celebrities and influencers such as rapper Eminem, television host Jimmy Fallon and billionaire entrepreneur Mark Cuban. This has only increased the hype, leading to soaring prices. In the last year, professional traders have been snapping them up on OpenSea and reselling them, making up to tenfold profits.
In this guide, you’ll learn what the Bored Ape Yacht Club collection is, why it’s so popular, and how it’s garnered such a strong fan base.