They spent a fortune on pictures of apes and cats. Do they regret it?
washingtonpost.com
washingtonpost.com
But is it? I mean, is the cartoon itself a non-fungible token? Or is it that just a JPEG (one of many) of the cartoon is a non-fungible token? Or even more realistically, is it that only a URL pointing to a that JPEG of the cartoon is a non-fungible token? :D
No one can send that signed copy to another address, without knowing the private key for the public key.
It’s like having the only key to the door to a room in which the Mona Lisa is kept.
Except the room is wide open other than the one wall with the door and freely accessible to all the visitors to the Louvre.
None of them will be able to walk in through your door to view it, although they can simply walk around it.
> Recently, high-profile hiccups have also deflated investors. In late April, the company behind the Bored Ape Yacht Club, Yuga Labs, auctioned off millions in tokens offering land in a metaverse project they started. Its popularity caused the digital ledger it was being transacted on to nearly shut down. Trading volume also caused transaction fees to rise higher than the actual NFT price in some cases, news reports indicate.
imagine your country club is selling rolex watches for $7000, existing members only, 1 per member, while supplies last. meanwhile, there's a crowd standing outside offering to buy them for $24000. you would expect uber rides to reprice towards $17000. with this context, it is unsurprising that the uber ride would cost more than the watch.
if you wanted to take an uber to your friend's house, you might decide to reschedule, because $17000 is too much. but we wouldn't describe the uber network as "shut down". instead, it is congested.