About Bored Ape Yacht Club
Bored Ape Yacht Club develops a series of cartoon ape characters for auction in exchange for cryptocurrency.
Headquarters
Bored Ape Yacht Club, Miami
Founded
2021-01-01
Industry
Blockchain, Cryptocurrency, Ethereum
Last Funding Type
Series Unknown
Valuation
16
IPO Status
Private
Financial
Bored Ape Yacht Club, through its parent company Yuga Labs, has been involved in acquiring Proof Collective, which includes Moonbirds and Grails NFTs. Additionally, ApeCoin, associated with Bored Ape Yacht Club, launched the ApeChain Testnet, indicating an expansion of its ecosystem.
Bored Ape Yacht Club's NFT collection has experienced a significant downturn, with its floor price dropping 90% from its 2022 peak. This decline reflects a broader trend in the NFT market, impacting the once-celebrated digital assets. Amidst this market shift, the company faces operational challenges, including layoffs announced by its leadership.
Bored Ape Yacht Club's NFT collection has experienced a significant downturn, with its floor price dropping 90% from its 2022 peak. This decline reflects a broader trend in the NFT market, impacting the once-celebrated digital assets. Amidst this market shift, the company faces operational challenges, including layoffs announced by its leadership.
Funding Rounds
2
Number of Investors
8