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.

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Przemek Chojecki

AI + web3 builder, PhD in mathematics, Forbes 30 under 30, former Oxford fellow.