A Bored Ape Ethereum NFT Owner is Launching a Real-World Yacht Club
That sense of community has been missing from the Internet, according to Bored Ape Yacht Club’s founders. Contrary to their reputation for superfluousness, N.F.T.s can help fill the void. “We want your Bored Ape to be your digital identity,” Gargamel, one of the founders, told me during a recent video chat. It’s a collectible not to hang on the wall or exhibit on a shelf but to populate the tiny square or circle of screen space that’s supposed to represent your self. Bored Ape Yacht Club, which launched in April, is a strange combination of gated online community, stock-shareholding group, and art-appreciation society.
One prolific NFT collector known as Franklin quickly became a focus of concern as the largest borrower on the platform. Franklin owns 60 Bored Apes and has taken out more than 10,000 ETH (around $17.5 million) in loans from BendDAO, although Franklin tweeted that he has since paid off the loans. The NFT lending platform BendDAO has collateralized almost 3% of the entire Bored Ape collection, and many NFTs have recently entered the “danger zone” of liquidation. The actual art was created by freelance artist Seneca, who's not part of Yuga Labs.
Aronow, the son of boat tycoon Donald Aronow, has been documented as planning to attend an MFA program, before falling ill and becoming a cryptocurrency day trader. Yes, Bored Apes are still priced at more than $100,000 (a fifth of what they were worth at the market’s peak). But they’re tied to the tumult of cryptocurrency volatility and market sentiment, which has fallen along with the tumbling crypto market.
They went on to hire professional illustrators for the project's graphics. Owning nft nyc sought after NFT unlocks exclusive membership to Bored Ape Yacht Club with each Bored Ape costing 0.08 ETH (estimated to be around $245 USD). RSE Collection, LLC and RSE Archive, LLC may be referred to individually as a "Rally Rd. nft apes or together as the "Rally Rd. Entities". "Share" and "Stocks" refer to interests in a series of a Rally Rd. entity.
This NFT lending platform allows BAYC NFTs to be put up as collateral on loans. OpenSea, the biggest NFT marketplace, has previously taken the action of freezing the listing of certain Apes if they are reported as stolen. In recent months, there have even been stories of Bored Apes being stolen by hackers, including a bizarre phishing scheme involving the actor and producer Seth Green. O.C. Ripley is the lead content creator for Curio DAO, an NFT community on the Ethereum blockchain.
All 10,000 apes have the same flat price of 0.08 ETH, with no price ramps, as a way to promote fairness and equality amongst all members and fair distribution. Some apes have rarer traits than others and the rarer the trait, the higher the value. Join our growing community of 400K+ members and get access to our exquisitely curated mix of news, events, interviews, and noteworthy assets.
One prolific NFT collector known as Franklin quickly became a focus of concern as the largest borrower on the platform. Franklin owns 60 Bored Apes and has taken out more than 10,000 ETH (around $17.5 million) in loans from BendDAO, although Franklin tweeted that he has since paid off the loans. The NFT lending platform BendDAO has collateralized almost 3% of the entire Bored Ape collection, and many NFTs have recently entered the “danger zone” of liquidation. The actual art was created by freelance artist Seneca, who's not part of Yuga Labs.
Aronow, the son of boat tycoon Donald Aronow, has been documented as planning to attend an MFA program, before falling ill and becoming a cryptocurrency day trader. Yes, Bored Apes are still priced at more than $100,000 (a fifth of what they were worth at the market’s peak). But they’re tied to the tumult of cryptocurrency volatility and market sentiment, which has fallen along with the tumbling crypto market.
They went on to hire professional illustrators for the project's graphics. Owning nft nyc sought after NFT unlocks exclusive membership to Bored Ape Yacht Club with each Bored Ape costing 0.08 ETH (estimated to be around $245 USD). RSE Collection, LLC and RSE Archive, LLC may be referred to individually as a "Rally Rd. nft apes or together as the "Rally Rd. Entities". "Share" and "Stocks" refer to interests in a series of a Rally Rd. entity.
This NFT lending platform allows BAYC NFTs to be put up as collateral on loans. OpenSea, the biggest NFT marketplace, has previously taken the action of freezing the listing of certain Apes if they are reported as stolen. In recent months, there have even been stories of Bored Apes being stolen by hackers, including a bizarre phishing scheme involving the actor and producer Seth Green. O.C. Ripley is the lead content creator for Curio DAO, an NFT community on the Ethereum blockchain.
All 10,000 apes have the same flat price of 0.08 ETH, with no price ramps, as a way to promote fairness and equality amongst all members and fair distribution. Some apes have rarer traits than others and the rarer the trait, the higher the value. Join our growing community of 400K+ members and get access to our exquisitely curated mix of news, events, interviews, and noteworthy assets.
Public Last updated: 2022-10-21 09:45:28 AM
