Hope everyone is well. I am also very well by the grace of God. I am back with a new post. Today I will share a very unique post with you. So let's start.
Today I will discuss with you about APE NFT. All of us who are familiar with NFT know that APE NFT is now the best in NFT world. It is a non-fungible token. which is built on the Ethereum blockchain. is systematically generated by an algorithm.
It launches in April 2021. Owners of Bored Ape NFTs are given access to a private online club and have company. The name of their club is Yacht Club. Yuga Labs is the parent company of Bored Ape Yacht Club.
If we think back to 2022, Yuga Labs was valued at US$4 billion. Which increases their capital. But by August 2023 the floor price of Ape NFT has fallen 88% from its April 2022 peak. Which depends on the cryptocurrency market. Hopefully, if the cryptocurrency market goes on a bull run, ape will go back to where it was before.
In October 2022, it was reported that the US Securities and Exchange Commission had withdrawn its NFTs from the U.S. amid concerns that they were unregistered security offerings. Ever since the fall of FTX, the investor of the era, there has been a widespread concern to regulate cryptocurrencies and NFTs. On December 8, 2022, a class action lawsuit was filed against Bored Ape Yacht Club's parent company, Yuga Labs, alleging that their product was an unregistered security promoted through fraudulent undisclosed celebrity endorsements.[40] Class The action named a number of celebrities who promoted NFTs such as Diplo, Snoop Dogg, Post Malone, Kevin Hart as well as Yuga Labs business partners, Moonpay and Guy Ossery as part of the 'scheme'.।
First of all four friends decided to create ape NFT. The four friends thought at first that they would make something funny. They were testing their own skills. Their four friends hoped to create something digital and it would be in cryptocurrency. Later to test their skills they created APE NFT and they created their NFT marketplace in NFT market place. Then NFT is considered as the best NFT in the world. By far the most sold ape NFT. The two founders of BAYC, "Gargamel" and "Gordon Gunner", described themselves as "literary brothers" using the pseudonyms. The two of them grew up together in Miami. The other two founders went by the pseudonyms "No Sauce" and "Emperor Tomato Ketchup", the latter of the same name. There are many misunderstandings between them. Due to a misunderstanding, three of the four founders left the company in July 2023.
Ape NFT Total supply 10000. It exists on the Ethereum blockchain. NFTs were originally sold for 0.08 Ether each. The April 2021 launch was around $190 and sold out within 12 hours. Then the ape NFT skyrocketed in price.
It has more history. So later I will post about Ape NFT. If a post is so detailed, it will become a big post. So I am ending here as of today. Everyone stay well stay healthy and take care of yourselves. Allah Hafez
I am Md. Ebrahim Islam Nahid. Everyone calls me Nahid. I am Bangladeshi. I am an Electrical Engineer. I love reading books, writing and creating new things. I try to express myself and evaluate the opinions of others.