NFT company raises around £227,000,000 in crypto for 'virtual land'

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People have collectively paid around £227,000,000 ($285,000,000) in cryptocurrency for land that does not physically exist.

The sale disrupted the entire Ethereum blockchain as a flood of users rushed to purchase the NFTs which sent transaction fees soaring.

The Bored Ape Yacht Club NFTs are blockchain-based tokens representing a set of 10,000 computer-generated cartoon apes which exploded in popularity and started selling at thousands of dollars each. The Bored Ape Yacht Club NFTs are blockchain-based tokens representing a set of 10,000 computer-generated cartoon apes Non-fungible tokens are crypto assets that represent digital files such as images, video, or items in an online game.

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 /  🏆 13. in ZA
 

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If you don’t know what to do with your money, just give it to me. At least I will put it to better use.

Scam of the century

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