Non-Fungible Token clubs are popular among cryptocurrency enthusiasts, representing social notoriety
Non-Fungible Token (N.F.T) clubs represent a social status within the cryptocurrency world. Social media platforms are now flooding with N.F.T cartoon ape avatars. N.F.T club Bored Ape Yacht Club is behind the viral apes, that are taking over Twitter feeds.
Bored Ape Yacht Club
Bored Ape Yacht Club is an N.F.T club that launched in April 2021. They offered ten thousand unique versions of cartoon apes for sale. Initially, the N.F.T apes were selling for two hundred dollars, in Ethereum cryptocurrency. Within a day, all ten thousand sold out.
Now, the collection has seen almost a hundred million dollars in trading. With the cheapest N.F.T ape going for about fifteen thousand dollars. The N.F.T craze is creating a fear of missing out, among cryptocurrency lovers.
The apes have now become a status symbol in the cryptocurrency realm, similar to a rare piece of jewelry or clothing on the outside world. The club is not pocketing all the money though, they have donated $850,000 to an orangutan charity.
More N.F.T clubs
This Bored Ape Yacht Club project has inspired a wave of similar clubs. N.F.T collectors are loving Cool Cats, Fame Lady Squad, and SupDucks.
New projects are emerging every week and clubs are using Twitter to create the N.F.T buying mania. There’s no doubt the new clubs on the scene are hoping to have even a glimpse of the success that Bored Ape Yacht Club has had.
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