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Bored Ape Yacht Club is a big hit, but is it ready for the Wall Street NFTs? By Cointelegraph

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Launched in April 2021, just a few months later, the Bored Ape Yacht Club (BAYC) has become one of the main reasons why the Wall Street (NFT) emerging market is being taken seriously, thanks to its recent sales. More than $ 1 billion in revenue.

For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic monkeys with elegant clothes and bad expressions. Almost every monkey is an image file that is useless in a healthy world. However, they have managed to get a huge amount of money, sometimes from some of the most famous people in the world.

Eminem’s bored monkey named BAYC # 9055. Source: The Guardian

Bored Ape Yacht Club “floor price”

BAYC floor price chart. Source: CoinGecko
The benefits of Bitwise’s NFT fund from the beginning. Source: Bitwise Asset Management