What is an ape in NFT?

Each individual NFT is referred to as an Ape. These digital artworks portray, well, bored simians. They all share a common look and feel, yet each Ape features a unique combination of facial expressions, accessories and outfits, so no two are the same.

Is the bored ape NFT craze all about ego and money?

"TThe Bored Ape NFT craze is all about ego and money, not art". The Guardian. Archived from the original on February 8, 2022. Retrieved February 9, 2022. ^ a b "Bored Ape Yacht Club". OpenSea. Archived from the original on February 8, 2022. Retrieved February 8, 2022. ^ "Why Bored Ape Avatars Are Taking over Twitter". The New Yorker. 30 July 2021.

How many bored ape NFTs are there?

Created via an algorithm, there will only ever be 10,000 Bored Ape NFTs in circulation. As noted above, each Ape is unique. While it may share a feature, or several features, with other Apes, no two are identical. This drives BAYC’s non-fungible nature, which is the key to NFT valuations. Scarcity also means BAYC NFTs are highly illiquid.

How much is a bored ape Yacht Club NFT worth?

Bored Ape Yacht Club NFT sales have totaled over 1 billion dollars alone. The current record for a Bored Ape NFT is $3.4 million, although more typically they sell in the hundreds of thousands. OK, But Why Are They Worth Anything? The simplest answer to this is because people say they are worth something.