The curious case of CryptoPunks and BAYC
The NFT market has experienced a growth of a whopping 1300% compared to last year, showing explosive potential in the NFT market.
Let’s take a deeper dive into why the most popular collections to date, CryptoPunks and BAYC, became what they are today.
Bored Ape Yacht Club (hereinafter referred to as “BAYC”) has skyrocketed in value ever since its launch forming an average price of 41.3 ETH (equivalent to $180,000 ) on Open Sea as of October 10, 2021. What were the secret ingredients that made BAYC stand out from a myriad NFT collections churned out on a daily basis?