Without a doubt, non-fungible economies can positively impact the real world. The latest example of this is a $200,000 BAYC Orangutan Outreach donation confirmed via Bored Ape Yacht Club’s (BAYC) Twitter account.
To explain, funds were sent as cryptocurrency, to the tune of 66.45 ETH. This translates to $208,000 US Dollars, with The Giving Block charitable crypto platform used for the transaction. A tweet was sent at around 9PM BST on Monday 9th August, linking the public to an online receipt for the donation.
“Good afternoon, apes. We just donated 66.45 ETH (~208k USD) to Orangutan Outreach — @redapes – via @TheGivingBlock. Thank you all!” the post read. This was followed by two ape emojis a bit like this one:
What Else do You Need to Know About the BAYC Orangutan Outreach News?
Bored Ape Yacht Club is one of the most successful NFT art collections ever released. Within its first month of launch the set had brought in $15.44million in sales volume, with Bored Ape #8023 selling for $132,000 alone — currently, the most expensive asset in the drop. 10,000 are available in total, with Julius, officially known as #2238, now Orangutan Outreach’s “official Ambassador to the Metaverse”.
It’s important to realise that, unlike many NFT collections, BAYC offers a number of forms of utility. Simply put, that means reasons to buy beyond ownership alone. For one thing, these members-only benefits include access to The Bathroom. As an illustration, here messages and pixels are added to a shared canvas by users every 15minutes. Undoubtedly one of the most visible examples of how blockchain and NFTs can revolutionise creativity, the space is essentially an evolving collaborative work of art.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.