Why are Bored Ape Yacht Club NFTs so expensive?
$300,000 for a jpeg, you have to be joking, right? Right?
Value is in the eye of the beholder. But why people are willing to pay over $300,000 for a single bored ape? What makes these NFTs valuable?
In this text I’m going to talk about value, Veblen goods, NFTs and the future we live in. Fasten your seatbelts.