The Bored Ape Yacht Club NFT project announced they have matched the $1 million dollar contribution raised by its own NFT holders with a $1 million donation of their own. The donations went to the the Ukraine’s official Ethereum wallet address which can be found in the tweet posted by the Ukraine’s official twitter page.
The donation from the BAYC follows many other NFT and crypto related donations. Another blue chip NFT project Crypto Punks, which has similar valuations to BAYC has recently donated one of their NFTs to Ukraine. At this time Ukraine has received over $85 million on contributions from the crypto community so far.
Bored Ape Yacht Club’s Popularity
Bored Ape Yacht Club has established itself as a standout blue chip NFT by dominating the NFT landscape with volume, sales prices, community and star power. The BAYC has quickly secured itself as an NFT icon of sorts, with celebrities and corporations flocking to own 1 of the 10,000 apes in the project. In the past year BAYC NFTs have been purchased by the likes of Jimmy Fallon, Eminem, Steph Curry, Justin Bieber, Logan Paul, Snoop Dogg and many more only further boosting the allure and exclusivity of the NFT project.
What Makes Bored Ape Yacht Club Different from other NFT Projects?
Well, the most obvious answer would be the floor price, at the time of this article the minimum cost or floor price for a BAYC is 74 Ethereum (ETH) which currently amounts to over $194,000 dollars. BAYC is the largest trait based NFT collection to date recently surpassing Crypto Punks in Ethereum volume. Many of the celebrity owners including the ones mentioned above will display their profile pictures on social media sites like twitter as there owned BAYC. Ownership in the BAYC provides not only a way to flash wealth and esteem online via your avatar, but also acts as tickets to an exclusive online social club. There are even physical events thrown by the community that ownership of the NFT can provide access too. In addition to the rich and famous, corporations are flocking to the project. Adidas recently partnered with BAYC and implemented a Bored Ape into its first NFT project. BAYC has also partnered with a mobile game developer to launch the BAYC game.