Superstar hitmaker justinbieber has paid an exorbitant price for a BAYC NFT
Bored Ape Yacht Club is comprised of 10,000 unique images of cartoon primates that were minted as non-fungible tokens on the Ethereum blockchain.
Yuga Labs, the company behind the hottest NFT collection, is rumored to be seeking a $5 billion valuation, which would make it one of the biggest web3 brands. Major companies such as Walmart and YouTube are also preparing to jump into the NFT craze, but there are also some big-name skeptics of the likes of Tesla CEO Elon Musk.
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