The 277-year-old auction house called its image "an NFT with historical significance," on the grounds that only 100 apes have gold fur.ĭriving the news: Three apes, including number 9564, were stolen last weekend, and the major NFT marketplaces all decided that they wouldn't allow those apes to trade on their platform. What they're saying: "The project’s name, Bored Ape Yacht Club, represents a club for people who got rich quick by 'aping in' - crypto slang for investing big in something unsure - and, thusly, are too bored to do anything but create memes," writes Rolling Stone's Samantha Hissong.īy the numbers: Bored apes have gone from nothing to a billion-dollar ecosystem in less than a year, with one ape selling for $3.4 million at Sotheby's. Stay on top of the latest market trends and economic insights with Axios Markets. They're the latest in a line of such projects that dates back to CryptoPunks and Crypto Kitties, both of which launched in 2017. It's Ape Fest this week in New York, which is about as edifying as you'd expect.Ĭatch up quick: Bored apes (2021) are the buzziest current exemplar of community-based NFTs, which have replaced art-object NFTs as the hot part of the crypto market for people looking to get rich quick.
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