- Nice article today from Daniel Van Boom of Cnet on the Bored Ape Yacht Club Craze.
- Van Boom writes: “Let’s start at the beginning. Bored Ape Yacht Club was launched in late April by a team of four pseudonymous developers, Gargamel, Gordon Goner, Emperor Tomato Ketchup and No Sass. It took 12 hours for all 10,000 to sell out at a price of 0.08 ether, around $190. As you can see in the price chart below (the price on the Y axis is in ether), the price grew steadily from April to July before rocketing in August.”
- I think Van Boom undersells the Bored Ape license and unlimited commercial use given to the buyers of Bored Ape NFTs. Van Boom mentions it at the end of his article. I think it’s a huge part of the Bored Ape business model and why the collection has exploded among celebrities. Post Malone’s recent purchase of 2 Bored Apes and then use of them in music videos is a great example of decentralized collaboration or De-Collab for short.
- You can read my paper on “The Bored Ape Business Model: Decentralized Collaboration via Blockchain and NFTs.”
