Collectors flock to the Bored Ape Yacht Club, where OpenSea packaging is on the rise.

Although NFT's sales were lower than the previous month, continued interest in Bored Ape Yacht Club NFT and the new business, Lil Baby Ape, may reverse the current decline.

Critics of the new venture have been shouting that the bear market is imminent as the OpenSea packaging industry has fallen to its lowest level in three months in the past two weeks. , but Twitter encrypted by the NFT celebrity still matters.

While sales for the overall NFT market have been better than in recent months, some jobs saw a further increase in the past week.

According to data from Dune Analytics, as of November 14, OpenSea products have grown from $ 48 million to $ 150 million, and at the time of writing, ETH's market share has reached $ 63.1 million.

This increase appears to be linked to a more than 900% increase in turnover of NFT Bored Ape Yacht Club (BAYC), and other businesses like the Mutant Ape Yacht Club have also seen sales growth of more than 1 000%.

The recent collaboration of artists such as Jimmy Fallon, the limited edition 2500 Rolling Stones with the cover of Bored Ape, and Universal Music Group have announced that they will form a group based on The Metaverse is the center of gravity.

On November 12, Timbaland, a Grammy Award-winning composer, announced that Ape-In Productions' new studio will use BAYC NFT to produce music and videos for the Grammy Awards. stress. feelings.

Monkey derivatives explode

It is often said that imitation is in fact the most flattering. The current evolution of the NFT market seems to confirm this assertion. A new company created under the name of Lil Baby Ape club (LBAC) is now well represented by Opensea. The revenue was 1,417 ETH, up 207,344% in the last 24 hours, the starting price was 0.438 ETH.

Baby Apes was announced on November 15 with a coin value of 0.02 ETH ($ 94) and follows the image of the original BAYC project. The current packaging industry and the average selling price of $ 2,200 is a clear indication that the project is very popular with collectors, experts and professionals.

“Think about that Lil Baby Apes that sold for $ 0.02 yesterday. It's crazy.

What's crazier is the people who get LBAC free when it comes out. The first group of 200 is free. "

-Lil Baby Ape Club | (@LilBabyApeClub) 15 novembre 2021

The LBAC project appears to feature images of orangutans with laser eyes, which are popular among designers with their skin at low temperatures. Earlier today, LBAC gold in a T-shirt sold for 7 ETH (around $ 33,000).

The LBAC project was completed in few numbers shortly after the play was issued, but now the hype is being fueled by short-sighted academics and academics, or NFT influencers and celebrities. It is in similar condition to other dark blue planes and we will still have to wait and see.

The Bored Ape Yacht Club is not a public Creative Commons (CCO) project, so referring to the recent controversy between Larva Labs and CryptoPhunks, the BAYC community can ask OpenSea to remove it from the Lil Baby Ape Club project.