There are a few ways to get your hands on a monkey NFT. You can mint one yourself by visiting the Official Website of the Awkward Monkey, or you can purchase a pre-minted NFT from the online marketplace. Either way, buying an NFT is a simple process and offers many benefits.
Monkey NFTs are considered rare digital assets, as they are unique and one-of-a-kind digital representations of real world objects. They can be purchased and sold, and their value depends on the demand in the market, their rarity, and their uniqueness. One such digital art project is the Bored Ape Collection, which features 10 different monkey designs from the artist Cory Arcangel. Each monkey is based on a different pop culture reference.
In addition to being collectible, NFT monkeys are also traded on the Ethereum blockchain, making them an ideal form of investment. NFT art is a great way to support the artists who create it, or to become involved with the art and collectibles industry. The value of NFT art is expected to rise in the future, but it could also decrease if the craze fades or another digital collectible becomes more popular.
A recent viral ape meme sparked cryptocurrency trading in the summer months, sparking strong moves in the likes of Shiba Inu tokens and Dogecoin. As a result, the Bored Ape Yacht Club founders spotted the trend while trading crypto. The ape meme was a big hit, and CryptoPunks and Hashmasks NFTs skyrocketed in value.
The value of a monkey NFT can be significant, ranging from several hundred dollars to millions. The most expensive NFT was sold at Sotheby’s for $3.4 million. This particular model has gold fur, a woollen turtleneck, and a party horn in its mouth.
The Bored Ape Yacht Club has also fueled the NFT market with its unique and in-your-face design. The company has a discord community and hired artists to promote the product. The project also released secondary assets to increase the value of BAYC. This brought new users to the ecosystem and rewarded previous holders.
The Bored Ape Yacht Club NFT has become one of the most popular series of NFTs on the Ethereum blockchain. The images on these NFTs typically sell for thousands of dollars. A growing number of high-profile celebrities bought their NFTs and used them on their social media accounts. The trend has fueled billions of dollars in collective trading volume.
Bored Ape NFTs are becoming an expensive and exclusive collectible form of art. In April of 2022, the entry level price for an Ape NFT reached over $420,000. Many musicians and athletes have already made their Bored Ape avatars their Twitter avatars. Those who purchase these NFTs also gain access to an exclusive Discord server, which can include celebrity chats.
The Bored Ape NFT was the first to launch with the ERC-721 standard. It represents a share in a physical yacht and has a higher legitimacy than other NFTs. It has become a bellwether of the NFT market, much like bitcoin has been for the crypto market.