Non-Fungible Tokens (NFTs) have taken the digital art world by storm, and one particular collection that has gained significant attention is the Gorilla NFTs. These unique digital assets provide holders with exclusive access to the Ape Gorilla Club benefits and utilities, making them a sought-after possession in the NFT space.
What sets the Gorilla NFTs apart is their 3D GLB file format, which grants holders full intellectual property rights. This means that owners have complete control over how they choose to use their Gorilla NFT, and they also receive a JPEG version of the artwork.
In terms of market performance, the Gorilla NFTs have shown some fluctuations in their price floor over the past 24 hours. Currently, the price floor of the Bored Ape Yacht Club, the specific collection that includes the Gorilla NFTs, has experienced a slight decrease of 0.38%. However, it’s important to note that this is just a temporary market movement, and prices can fluctuate rapidly in the NFT space.
Looking at the 7-day average sale price, we can see that it stands at an impressive 74.89 ETH. This indicates the strong demand and value that the market attributes to these Gorilla NFTs. Additionally, the highest sale price recorded within the past 7 days is a staggering 440.00 ETH, showcasing the potential for significant returns on investment.
On the other end of the spectrum, the lowest sale price observed in the same time frame was 67.00 ETH. Despite this lower price point, it’s essential to remember that these NFTs are still quite valuable, considering the current ETH price and the overall market trends.
In terms of overall ranking, the Bored Ape Yacht Club, which includes the Gorilla NFTs, holds the top position in the NFT Price Floor category. With a floor cap of 718,500 ETH, it demonstrates the strong demand and market confidence in this collection.
When considering the prices of these Gorilla NFTs over the past 30 days, we can see a range of sales. The cheapest sales were below $101k, while the highest recorded sales exceeded $131k. The median price for a Gorilla NFT during this period was approximately $117k, indicating the overall value and popularity of these digital assets.
The economics behind the high prices of these Gorilla NFTs can be attributed to the limited supply and immense interest in the brand. With only 10,000 Bored Apes available, the supply is scarce, creating a high-demand/low-supply dynamic. Additionally, certain Gorilla NFTs within the collection are rarer than others, further driving up their value.
Gorilla NFTs have become a significant player in the NFT market, offering exclusive benefits and utilities to their holders. With their unique 3D GLB file format and full intellectual property rights, these digital assets have attracted considerable attention and demand. While market prices may fluctuate, the strong performance of the Bored Ape Yacht Club and the overall high prices indicate the lasting popularity and value of these Gorilla NFTs.
What Is A NFT Gorilla?
A NFT gorilla refers to a non-fungible token that represents ownership of a unique digital gorilla artwork or collectible. It is a type of digital asset that is stored on a blockchain, typically on platforms like Ethereum. Unlike fungible tokens such as cryptocurrencies, each NFT gorilla has distinct characteristics and cannot be exchanged on a one-to-one basis.
NFT gorillas are created using 3D GLB files, which provide a three-dimensional representation of the gorilla artwork. These files grant the NFT holders full intellectual property rights, allowing them to use the digital gorilla in various ways according to their preferences.
By owning an NFT gorilla, individuals also gain access to exclusive benefits and utilities associated with the Ape Gorilla Club (AGC). As part of the AGC family, NFT holders receive certain privileges, such as special access to events, community participation, and potentially unique opportunities within the club.
In addition to the 3D GLB file, NFT gorillas often come with a JPEG version, which serves as a static image representation of the artwork. This allows for easy sharing and viewing of the gorilla artwork outside of platforms that support 3D files.
NFT gorillas offer a new way for collectors and enthusiasts to own and showcase unique digital gorilla artworks while also providing access to exclusive club benefits and utilities.
How Much Does An Ape NFT Cost?
As of now, the price of an ape NFT from the Bored Ape Yacht Club can vary greatly depending on factors such as rarity, desirability, and market demand. The price floor, which represents the lowest price at which an ape NFT can be purchased, has experienced a decrease of 0.38% in the last 24 hours. However, it’s important to note that the price floor is not necessarily indicative of the actual value or market price of ape NFTs.
To give you an idea of recent sales, the 7-day average sale price for ape NFTs is approximately 74.89 ETH (Ethereum), which is a popular cryptocurrency used for NFT transactions. The 7-day highest sale price recorded for an ape NFT reached an impressive 440.00 ETH, while the lowest sale price was 67.00 ETH during the same period.
It’s worth mentioning that the Bored Ape Yacht Club is currently ranked as the number one project in terms of NFT Price Floor, with a floor cap of 718,500 ETH. This indicates the collective minimum value of all the ape NFTs in the project.
However, please keep in mind that the prices of ape NFTs can fluctuate rapidly due to various factors such as market trends, buyer sentiment, and the overall popularity of the Bored Ape Yacht Club. Therefore, it’s advisable to conduct thorough research and monitor the market if you are considering purchasing an ape NFT.
Are Ape NFTs Worth Anything?
Ape NFTs, specifically the Bored Ape Yacht Club NFTs, have gained significant value in the past few months. With the cheapest sales around $101k and the highest sales over $131k, it is clear that these NFTs hold significant worth in the market. The median price for a Bored Ape Yacht Club NFT in the last 30 days was $117k, which further emphasizes their value.
The worth of ape NFTs can be attributed to several factors. Firstly, the Bored Ape Yacht Club is a highly sought-after collection within the NFT space. Its unique and distinctive artwork, combined with the scarce supply of only 10,000 apes, has created a sense of exclusivity and desirability among collectors.
Additionally, owning an ape NFT grants certain benefits and privileges within the Bored Ape Yacht Club community. These include access to exclusive events, merchandise, and collaborations, further enhancing the value of these NFTs.
It’s important to note that the value of ape NFTs, like any other NFT, is subject to market fluctuations. The NFT market can be volatile, and prices can fluctuate based on various factors, such as demand, market trends, and overall sentiment towards NFTs.
However, it’s worth mentioning that investing in NFTs, including ape NFTs, carries risks. The market is still relatively new and speculative, and there is no guarantee of future returns. It’s crucial for potential buyers to conduct thorough research, understand the risks involved, and make informed decisions based on their own financial situation and risk tolerance.
Ape NFTs, specifically the Bored Ape Yacht Club NFTs, have demonstrated significant worth in the market, with prices ranging from below $101k to over $131k in the last 30 days. However, investing in NFTs involves risks, and individuals should exercise caution and conduct thorough research before making any investment decisions.
Why Is Ape So Expensive On NFT?
The high price of Bored Ape NFTs can be attributed to a combination of factors. Firstly, the limited supply of only 10,000 Bored Apes contributes to their high demand. With a relatively small number of these NFT art pieces available, collectors and enthusiasts are willing to pay a premium to own one.
Another factor driving up the price is the immense popularity and interest surrounding the Bored Ape brand. This widespread attention has created a strong demand for these NFTs, further increasing their value in the market.
Furthermore, not all Bored Ape avatars within the collection are created equal. Some avatars are rarer than others, possessing unique attributes or characteristics that make them more valuable. These rare avatars are highly sought after by collectors, who are willing to pay even higher prices to acquire them.
The high prices of Bored Ape NFTs can be attributed to the limited supply, the widespread interest in the brand, and the rarity of certain avatars within the collection. This combination of factors creates a high-demand/low-supply dynamic, inevitably driving up the prices in the market.
Conclusion
The Gorilla NFTs, specifically the Bored Ape Yacht Club collection, have gained significant popularity and value in the NFT market. These unique digital assets provide holders with exclusive access to the Ape Gorilla Club benefits and utilities, making them highly sought after among collectors.
The limited supply of only 10,000 Bored Apes contributes to the high-demand/low-supply dynamic, fueling the upward trajectory of prices. Additionally, certain Bored Ape avatars within the collection are considered rarer than others, further driving up their desirability and value.
Over the past 30 days, the Bored Ape Yacht Club NFTs have seen sales ranging from below $101k to over $131k, with a median price of $117k. This demonstrates the substantial financial investment that individuals are willing to make to own these unique digital artworks.
Moreover, the intellectual property rights associated with each Gorilla NFT provide holders with the freedom to utilize them as they see fit. With the NFTs being 3D GLB files, owners have the opportunity to explore various creative possibilities and showcase their ownership in virtual spaces.
The Bored Ape Yacht Club currently holds the top spot in the NFT Price Floor rankings, with a floor cap of 718,500 ETH. This further solidifies its position as one of the most valuable and prestigious collections in the NFT market.
The Gorilla NFTs, particularly the Bored Ape Yacht Club, have become a symbol of exclusivity and status within the NFT community. Their limited supply, coupled with the high demand and unique features, has propelled their value to new heights, attracting both investors and art enthusiasts alike.
