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Paris Hilton and Jimmy Fallon Comparing Their BAYC NFTs Is A Wild Sign Of The Times

 

I actually think the above clip is the best way to describe NFTs and especially Apes to the masses. Everyone knows basically how the standard art industry works- a bunch of rich people buy Picassos and Rembrandts and the like. Some display them in their homes, some keep them in a safe to later sell for a profit. Nobody knows for sure who has which Rothko, etc. Bored Ape Yacht Club (BAYC) NFTs are the exact same. It's a status symbol. If you are rich, you want to have an Ape. It's a club to basically say "I have enough money (or luck if you got in early before it took off) to have an Ape." Apes regularly sell in the 6 and 7 figures, making them exclusive and if you know anything about celebrities, they love that shit. 

Face it- we live online now. You don't have to own a physical piece of art. Especially because as I said above, a lot of art collectors never even see the art they own, it's just an investment. So BAYC NFTs work in the same way, except you can then brag about having one by making it your Twitter avatar or talking about it on the Jimmy Fallon Show. 

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What's interesting is there are regular Joe Schmos in the crypto/NFT world who were early to Apes who have multiple, some even in the dozens. That's life changing money. And then you have celebs like Snoop Dogg, Steph Curry, Eminem, Kevin Hart, and loads of others who have one as well. It truly is the most exclusive club on the internet. 

I know people are like "blah blah, money laundering, blah blah can just save it as a JPEG, blah blah other generic things people say who would rather poo-poo the changing of the times rather than get on board". It's not any of that. You can take a picture of the Mona Lisa too, you can even print it out and hang it on your wall, but that doesn't mean you own the Mona Lisa.

When it comes down to it, NFTs are real and aren't going anywhere. Don't forget- a lot of things have value simply because we give them value. That's Apes. 

If you want to get into the NFT game I suggest doing some research- my friend Bales runs LuckyTrader, your one stop shop for all things NFTs. It's a pretty cool resource they are growing, and Bales is the smartest person I've ever met so I like it. 

And if anyone wants to gift me an Ape...lmk. I'm here. 

 

PS: I have Goons. Never too late to join the Goon Squad.