Bored Ape Yacht Club is now available as a board game
While the NFT craze may be waning, some of the most valuable are likely to become mainstays among collectors and investors.
Launched in the spring of 2021 on the Ethereum blockchain, the collection of over 10,000 online images of monkeys striking amusing poses known as the Bored Ape Yacht Club has quickly become a sought-after commodity for both collectors and investors – the cheapest is now listed for hundreds of thousands while twice sold for over a million dollars.
Bored Ape Yacht Club is, over a year later, what many imagine when they think of a successful NFT. Images of monkeys are so popular that knockoffs and clothes with monkeys have started to appear online.
For those who can’t afford NFT, there’s a game
Dubbed “Ape-Opoly”, the tabletop game is a themed version of “Monopoly”. Players “work their way around the board” while expanding their NFT collection and navigating the “highs and lows of a crypto millionaire”.
These include rug draws, gas charges and bankruptcy.
“The Bored Ape community has major mainstream appeal beyond the NFT space, and Ape-Opoly is taking the brand to an even broader base with a game that Bored Ape owners and fans can enjoy,” said said Anthony Esposito, president of Imagination Gaming, in a statement. “Beyond the hype of Bored Ape, the gameplay allows everyone to learn a little more about the crypto world, even if you don’t fully understand NFT lingo or the cryptocurrency world.”
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Carpet Pullings, Gas Charges, and Bankruptcy
The game is now available for pre-order for $50 – those who buy now will get a copy in October.
Although the game is not affiliated with the Bored Ape Yacht Club or its developer Yuga Labs, anyone who purchases a game will also receive a genuine Bored Ape NFT.
The winner will be selected in a lottery of those who purchased Ape-Opoly and deposited the token in their cryptowallet in 2023.
“We’re looking to continue to build that bridge and seeing how Bored Apes come to life in our game for fans in a tangible and playable way has us so excited to create more in the space,” Jens Drinkwater, Head of Licensing at Global Merchandising Services, said in a statement.
Is Bored Ape Yacht Club a flash in the pan (or a mainstay?)
The rise in popularity of the Bored Ape Yacht Club came at a very specific time in investment culture – cryptocurrency was peaking and many saw unlimited potential in everything adjacent, including non-fungible tokens built on the blockchain.
As the value of bitcoin plummets to lower levels and key trading platform Binance suspends withdrawals, the crypto industry is currently in the midst of what many are calling a slow crash.
This will inevitably mean that many of the NFTs of everything from C-list celebrities to the clothes that have popped up over the past year will go in the same direction.
But while the NFT index has fallen in general, the Bored Ape Yacht Club is still selling at highs due to its overwhelming popularity and cult following, which is expected to continue despite market swings.