With ‘doxxing’ complete, what next for Bored Apes’ ROI in February 2022

ambcrypto.com:

In late 2021, a report on the NFT market scene by Chainalysis stated that there was a “noticeable spike” in total value sent starting in the final week of August that year. This allegedly came after the Bored Ape Yacht Club dropped a new collection.

Now, around half a year later, where does BAYC stand in terms of value? And, could a shocking development change its fortunes?

The OurNetwork newsletter revealed some formidable insights about the Bored Ape NFTs. For instance, the total trading volume has gone beyond $1.3 billion. What’s more, while August 2021 saw highs of $292 million in terms of volume, January 2022 was a close second with $278 million.

As far as wallets are concerned, OurNetwork noted that close to half of all Bored Apes are the only apes in their respective wallets. Also, while the highest ROI on a sold Bored Ape NFT was around 170x, the average was closer to 30x when looking at the top 1000 wallets.

That being said, the Bored Ape Yacht Club has been in the news for reasons besides its numbers lately.

An investigation by Buzzfeed revealed the names and professions of the founders behind BAYC. The two are men in their thirties from Florida and expressed an interest in reading and creative writing. After entering crypto, they reportedly collaborated to produce an NFT collection, using the expertise of an illustrator and two engineers.

Following the release of the report, the crypto-community raised an uproar. While some claimed that Buzzfeed’s investigation was warranted, considering the billion dollar trading volumes of BAYC, others believe it isn’t in the public’s interest to expose anonymous creators who have been working on something as innocuous as monkey NFTs.