Bored Ape Yacht Club developer Yuga Labs initiative also caught the attention of famous investor Horowitz. Horowitz, who closely follows the NFT sector, will make a good investment.
The world of cryptocurrencies is also slowly starting to create its own startups with huge market capitalization, called Unicorn or Decacorn. Proven cryptocurrency startups have already surpassed billion-dollar valuations.
Bored Ape Yacht Club (BAYC) is rising fast
Bored Ape Yacht Club or BAYC for short, which we can show as one of the best-selling and highest-priced collections of the NFT world, also made its developer rich. Yuga Labs could reach a total valuation of $5 billion.
Yuga Labs, which started an investment negotiation with the A16z owned by Andreessen Horowitz, will also increase its valuation to record levels. There is no information about the amount of this meeting, which will be the first institutional investment.
The BAYC collection is the second most popular NFT collection on OpenSea. At its launch in February, minting an NFT cost just $300. Now it has reached the base price of 99ETH. Many celebrities like Justin Bieber and Paris Hilton have bought from BAYC collections. Horowitz, on the other hand, is interested in the NFT world and has investments in 41 startups, including OpenSea.
TWO FLORIDA MEN COME BEHIND THE MILLION-DOLLAR COLLECTION
They were selling NFTs for millions of dollars, and who they were was unknown! Names behind Bored Apes Yacht Club revealed
The identity of the producers behind the Bored Apes Yacht Club, where world-famous names are regulars on NFT (Immutable Token), has been revealed. It seems that two Florida men named Greg Solano and Wylie Aronow are behind the multimillion-dollar monkey NFTs.
The world of NFT is changing and developing day by day. While it is seen that steps have been taken regarding NFT in our country, a collection called Bored Apes Yacht Club draws attention in the world. Especially world-famous names like Justin Bieber are paying millions of dollars to Bored Apes Yacht Club's monkey-faced NFTs. However, it is not known who or who is behind the Bored Apes Yacht Club. In fact, it would be more accurate to say that it was not known, because thanks to a report, the names behind the Bored Apes Yacht Club, where celebrities receive NFT (Immutable Token), are no longer a secret.
BuzzFeed's report reveals that the names behind Bored Apes Yacht Club are Florida's Greg Solano and Wylie Aronow. Solano, 32, stands out as a writer and editor with the pseudonym Gargamel, while Aronow, 35, uses the pseudonym Gordon Goner.
THEY SHARE ON TWITTER AND SOMETHING CONFIRMED
After the article in question was published, Greg Solano and Wylie Aronow, whose identities were revealed, each shared a post on Twitter using the phrase compared with their "Web2 me vs. Web3 me" (Me on Web 2, me on Web 3) and photographed themselves on Bored Ape NFT. So they confirmed the news.
Nicole Muniz, CEO of Yuga Labs, the company behind Bored Apes Yacht Club, also confirmed that Greg Solano and Wylie Aronow are co-founders.
THERE ARE OTHER PARTNERS
But Greg Solano and Wylie Aronow are not actually the people who draw very interesting and sometimes fashionable monkeys. A 27-year-old named Seneca is said to be the lead artist of the collection. It is also stated that there are two other co-founders who are unidentified but using the names No Sass and Emperor Tomato Ketchup.
Justin Bieber paid $1.3 million for a BAYC
World-famous singer Justin Bieber bought an NFT from the Bored Ape Yacht Club collection for $1.3 million in Ethereum. Bieber has come under criticism for giving the NFT 5 times its value.
Canadian singer Justin Bieber has purchased an NFT from the Bored Ape Yacht Club collection on the marketplace OpenSea. Bieber paid the fee for NFT with 500 Ethereum (ETH) worth $1.3 million.
This purchase of Bieber, who had received several NFAs before and even used one of them as his Instagram profile photo, made a splash on social media.
According to news sources, it was said that the 27-year-old singer was ripped off, that the purchased NFT was not rare enough to cost $ 1.3 million and was 5 times more than its own price.
The finding that the person who sold the NFT that Justin Bieber bought for 500 ethereum bought it for only 0.24 Ethereum was among the details supporting these reactions.
Apart from Bieber, many famous names from different fields such as famous rapper Eminem, Post Malone, Stephen Curry bought NFTs from the Bored Ape Yacht Club collection.
Million NFT investment from Neymar! The astonishing number...
PSG's world-famous football player Neymar has joined the world of NFT (non-tradable tokens). It was learned that the Brazilian star spent 1 million Euros on two works from the Bored Ape Yacht Club (BAYC) collection.
Neymar also joined the caravan of celebrities who entered the world of NFT. Last year, 'non-tradable tokens', known by the acronym NFT, garnered over $40 billion worldwide, including some star football players.
Real Madrid's Luka Modric created his own NFT collection, while Paris Saint-Germain's Neymar spent more than 1 million euros on the two pieces. The Brazilian star has purchased two works from the Bored Ape Yacht Club (BAYC) collection through the OpenSea platform, the largest marketplace for such tokens.
Payment was made via Ethereum cryptocurrency. Neymar paid 159.99 ETH for one of the drawings and 189.69 ETH for the other. Converting this payment to US dollars equals $521k for one and $624,000 for the other.
Neymar shared on his social media account that his teammates Leandro Paredes and Marco Verratti were also part of the payment.
Other well-known names in the world also show interest in the Bored Ape Yacht Club collection. The list includes rapper Eminem, NBA star Stephen Curry and popular TV host Jimmy Fallon.
Neymar signed an agreement with NFTSTAR company to develop and market NFTs last November.
Prior to that, the mega yacht sold for $650,000 on Metaverse was the most expensive NFT in the Sandbox virtual world.