Nonfungible tokens (NFT) continue to make waves in mainstream media, with projects such as “Bored Ape Yacht Club” no more pertinent an example of the potential of the space. Some of the biggest names in Hollywood are proud owners of Bored Ape NFT avatars, which has no doubt driven interest and prices for Bored Ape NFTs.
The success of the “Bored Ape Yacht Club” (BAYC) NFT collection sparked the creation of an NFT ecosystem powered by its proprietary ApeCoin token, which has seen significant gains in recent weeks.