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Is Wall Street Ready for NFT?

Cuba, Camagüey, Jimaguayú
Published 1 week ago
ID #1188
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Is Wall Street Ready for NFT?
Cuba, Camagüey, Jimaguayú,
Published 1 week ago

Description

Months after its launch in April 2021, the Bored Ape Yacht Club (BAYC) has become one of the main reasons why Wall Street should take the emerging market for non-fungible tokens (NFT) seriously, thanks to its recent sales volume of more than one billion dollars.

Celebrities are introduced to BAYC For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes in fancy clothes and disreputable expressions. 

Every ape is practically an image file that should be worthless in a sane world. Nonetheless, they have managed to obtain staggering sums, sometimes from some of the most famous celebrities in the world.

For example, Jimmy Fallon, a popular American television host, bought a picture of a bored monkey wearing a striped T-shirt and heart-shaped curtains for almost $220,000 in November last year. And very recently, Academy Award-winning rapper Eminem paid nearly $462,000 for an ape that looked a bit like him.


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    demian
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    demian
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    Listing location

    Cuba, Camagüey, Jimaguayú
    Camaguey Met3 53