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While non-fungible token (NFT) assets have been raking in millions, numerous NFT projects like Cryptopunks, Meebits, and Bored Ape Yacht Club (BAYC) have been outpacing the competition. The BAYC NFT collectibles is a collection of 10,000 Bored Ape NFTs and just recently the project sales volume has risen exponentially as it rests just below Cryptopunks with $49.5 million in sales last week. Moreover, BAYC’s official Twitter account revealed the project donated 66.45 ether (over $200K) to Orangutan Outreach.
Bored Ape Yacht Club Sees Massive Sales This Week, Donates Over 66 Ether to Charity
On August 3, Bitcoin.com News reported on the Cryptopunks project and how one punk owner wanted to sell a rare Cryptopunks NFT for $91 million. At the time, Cryptopunks held the top position in terms of seven-day NFT sales, and today the NFT project still holds the top spot with $117 million sold last week.
However, the Bored Ape Yacht Club (BAYC) project has skyrocketed to the second position this week capturing $49.5 million in weekly sales. Over 1,500 BAYC NFTs were sold during the week and just recently five BAYC NFTs sold for over $500K per unit. The $500K BAYCs sold this week include Bored Ape #7345, #7090, #8650, and Bored Ape #8650.
This week the project has also announced it donated over $200K worth of ether or 66.45 ETH to the New York-based Orangutan Outreach nonprofit. The company is all about protecting the “red apes” and focuses on orangutans located in Southeast Asia and the Indonesian island of Sumatra. BAYC detailed that it leveraged the Giving Block to donate to the organization.
“Good afternoon, apes. We just donated 66.45 ETH (~208k USD) to Orangutan Outreach via the Giving Block,” the Twitter account said.
The Swamp Club and the Bathroom
The BAYC project’s NFTs also gives owners access to a gated community of NFT ape collectors. For instance, owning a BAYC gives access to the Swamp Club and fellow apes also started a follow group #apefollowape on Twitter. BAYC also launched “The Bathroom” which lets apes leverage a pixel paint canvas. The official BAYC Twitter account has 48.7K followers to date and the project’s follower count has grown exponentially during the last few weeks.
Rumor has it Mark Cuban owns his an ape similarly to the famous people who allegedly own Cryptopunks like the rapper Jay-Z. Allegedly, the chairman of Vaynerx, Gary Vaynerchuk has shared a screenshot of his ape. It’s not the first time BAYC donated to animal charities as the project sent funds to a slew of animal-centric nonprofits on June 30.
“It’s an exciting day for us here at the BAYC,” the project tweeted at the time. “We just donated 135 ETH (currently ~$291,000) to animal charities! We started the Bored Ape Kennel Club collection to reward members and give back, but never imagined we’d have this level of impact. Thank you, apes.”
What do you think about the Bored Ape Yacht Club NFT project and the recent donation of over 66 ether? Let us know what you think about this subject in the comments section below.