So before you go mortgage you
Posted: Mon Jan 20, 2025 3:28 am
So before you go mortgage you house to buy an Ape, or dedicate the next year of your life to developing Ape-centered resources, consider some of the very obvious risks.
The Road To Success IRL
Part of the value of owning an ape is supposed to be the IRL (real life) benefits of ownership. TBH, this is a pretty cool idea. An NFT signaling that you are part of an exclusive club of some kind is not only a mexico whatsapp number data way to get clout on social media, but also actually derive real value from NFT ownership.
The trouble is in the details.
— Bored Ape Yacht Club (@BoredApeYC) September 21, 2021
As an “investor” in Bored Apes, you need to be willing to look at all the potential downsides to this project, and the first thing I considered is that the organization creating these events doesn’t have a long history of actually delivering on them. Everything on the roadmap is a plan which hasn’t materialized yet. Plans are great, but remember how cool Fyre Fest was going to be?
So have you looked into the company issuing Bored Apes and any past projects they launched?
True, there was a party in NYC where you had to be an Ape owner to get it, but it really wasn’t that exclusive.
What I’m interested in, is where is the money coming from? If this is going to be a sustainable business model, to throw expensive yacht parties, develop games, create 3d models, etc whatever else is on the roadmap, they need money.
The Road To Success IRL
Part of the value of owning an ape is supposed to be the IRL (real life) benefits of ownership. TBH, this is a pretty cool idea. An NFT signaling that you are part of an exclusive club of some kind is not only a mexico whatsapp number data way to get clout on social media, but also actually derive real value from NFT ownership.
The trouble is in the details.
— Bored Ape Yacht Club (@BoredApeYC) September 21, 2021
As an “investor” in Bored Apes, you need to be willing to look at all the potential downsides to this project, and the first thing I considered is that the organization creating these events doesn’t have a long history of actually delivering on them. Everything on the roadmap is a plan which hasn’t materialized yet. Plans are great, but remember how cool Fyre Fest was going to be?
So have you looked into the company issuing Bored Apes and any past projects they launched?
True, there was a party in NYC where you had to be an Ape owner to get it, but it really wasn’t that exclusive.
What I’m interested in, is where is the money coming from? If this is going to be a sustainable business model, to throw expensive yacht parties, develop games, create 3d models, etc whatever else is on the roadmap, they need money.