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Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs? -Breaking

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Bored Ape Yacht Club, (BAYC) was launched in April 2021. It has since been one of Wall Street’s main reasons to seriously consider the NFT market. Over $1Billion in turnover.

BAYC is an assortment of 10,000 cartoons depicting anthropomorphic, human-like apes wearing stylish clothes and making disreputable expressions. Every ape should not be considered a file in an image format. They have managed to get astonishing amounts of money, often from the most famous celebrities in the world.

Eminem’s boring ape was dubbed BAYC#9055. Source: The Guardian

Bored Ape Yacht Club “floor price”

BAYC floor price chart. Source: CoinGecko
Bitwise NFT fund has provided returns since its inception. Source: Bitwise Asset Management