If you had invested $1,000 in Bored Ape Yacht Club at launch, here’s how much you’d have now

0

One of the most popular non-fungible token collections is Bored Ape Yacht Club. Here’s how a $1,000 investment could have gone into the popular project back in the mint days.

What happened: Bored Ape Yacht Club launched in late April 2021 and the collection of 10,000 NFTs ran out by May 1, 2021.

The collection came with a mint cost of 0.08 Ethereum (CRYPTO: ETH), or around $236 based on a May 1 high of $2,951.44.

Bored Apes has been gaining momentum on several NFT-themed Discords and on Twitter Inc. (NYSE: TWTR) where some users started changing their profile pictures to Ape-themed NFTs.

Over the next few months, the collection grew in popularity and appreciation with NFT investors and celebrities who began to “participate” in the project.

Holders of the Bored Ape Yacht Club were also rewarded along the way with airdrops of Bored Monkeys Kennel Club and mutant serum to create Mutant Monkey Yacht Club NFT.

Bored Ape Yacht Club holders were also invited to an exclusive yacht party and concert in New York in 2021.

Related Link: Bored Ape Yacht Club Parent Yuga Labs Could Be Worth $5 Billion: Report

Investing $1,000 in Bored Ape NFTs: Based on a mint cost of 0.08 ETH and a cost of around $236, an investor could have bought four Bored Apes for around $1,000 based on the mint cost and fees of associated gases.

With a current floor price of 87 ETH for Bored Apes, the four NFTs would be worth $981,506.16 today assuming they are non-rare apes. The price is based on a current price of $2,820.42 for Ethereum.

While the $1,000 investment would be worth almost a million dollars just for the four Bored Apes, there’s actually more to the story. Each Bored Apes holder has earned the equivalent of a Bored Ape Kennel Club and Mutant Ape Yacht Club NFT.

  • With a floor price of 7.44 ETH for Bored Ape Kennel Club, the four NFTs would be worth $83,935.70 based on the current price of ETH.
  • With a floor price of 18.1 ETH for Mutant Ape Yacht Club, the four NFTs are worth $204,198.41 based on the current ETH price.

In total, a $1,000 investment to buy four Bored Ape NFTs would now yield four Apes, four Kennel Clubs, and four Mutant Apes. The $1,000 investment would be worth $1,269,640.27 today.

And after: Bored Apes bottomed out at over 100 ETH in January and may have more in store for holders.

An Ape token arrives and the parent company Yuga Laboratories signed a talent representation contract with Guy Osary which could increase monetization efforts for the company and carriers.

Share.

Comments are closed.