Welcome back to another podcast episode!
This time, we’ll be going into NFT avatars and talking about Bored Ape Yacht Club specifically and why they’re selling for an insane amount of money.
What Are Bored Ape Yacht Club NFTs?
The Bored Ape Yacht Club is a set of 10,000 avatar photographs coined as NFTs on the Ethereum blockchain, created by Yuga Labs.
An NFT, or non-fungible token, functions as a digitized item’s deed of ownership, enabling buyers to verify that they own the one-and-only form of that picture.
Buyers get an illustration of a bored-looking ape with randomly produced qualities and accessories in this example. There are no two photographs that are identical.