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Bored Ape Yacht Club crosses $1 billion in total sales

Bored Ape Yacht Club (BAYC), a collection of coveted non-fungible tokens (NFTs), has now generated more than $1 billion in total sales. The cumulative sales figure for the 10,000-piece collection now stands at roughly $1.03 billion, according to data site CryptoSlam. BAYC reached milestone in the first few days of the new year, with roughly $55 million in sales recorded since January 1. Demand for the digital apes was especially strong among celebrities — many of them rappers — in …

Why did a Mutant Ape Yacht Club serum sell for $6 million?

The rare Serum #69 for Yuga Labs’ Bored Ape Yacht Club just sold for 1,542.069 ETH ($5.8 million), making it the largest sale of a Bored Ape “serum” thus far.  Deepak Thapliyal, CEO of the blockchain tech startup Chain, bought this rare non-fungible token or NFT — though not without competition from the Andreessen Horowitz-backed Meta4 Capital, which had offered to buy Serum #69 for 1,500 ETH ($5.76 million).  While perhaps serving as an illumination of the current state of …

Adidas Originals nets $23 million after resolving issues in its first NFT mint

The German sportswear brand Adidas Originals earned 5,924 ETH, or $23.5 million, from its collaborative “Into the Metaverse” drop with Bored Ape Yacht Club (BAYC), the non-fungible token (NFT) collector gmoney and the crypto-focused media group PUNKS Comic. Adidas Originals began its Early Access minting stage on December 17, in which holders of an Adidas Originals proof-of-attendance protocol (“POAP,” which are given to attendees of virtual or physical events), gmoney POAP, a BAYC or Mutant Ape Yacht Club NFT or a …

Bored Ape Yacht Club game arriving in Q2 via Animoca Brands partnership

The Hong Kong-based software firm Animoca Brands is helping the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club create a blockchain-based game, according to a Monday announcement.  While much about the game remains unknown, it will feature a play-to-earn system that allows users to accrue real wealth by playing the game. The game is expected to drop between April 1 and June 30 of next year.  “There are very few icons that are able to represent …