On Monday, blockchain game developer and investor Animoca Brands announced a partnership with the Bored Ape Yacht Club (BAYC) to develop a BAYC game to be won by leveraging popular NFTs in the collection. Bored Ape Yacht Club has recorded 23,016 sales to date and has a market valuation of approximately $ 2.05 billion.
BAYC and Animoca Brands team up to launch game
Posted by Yuga Labs Bored Ape Yacht Club (BAYC) and Animoca brands revealed a common partnership to develop and publish a blockchain game. The game will integrate the collection of BAYC NFT, which experienced extreme demand in 2021. When the 10,000 BAYC collection was first introduced, each BAYC was sold for 0.08 ether (ETH) by NFT. NFT Single Bored Ape Yacht Club have sold for hundreds of thousands of dollars in crypto and even millions of dollars in the ether at auction.
A lot of 101 NFT BAYC were sold at Sotheby’s “Ape In!” sale, which auctioned for $ 24.4 million. Metric from dappradar.com report that BAYC has an overall market valuation of approximately $ 2.05 billion and recorded 23,016 sales among 9,972 BAYC traders. Animoca Brands recently raised $ 65 million last October from investors such as Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS and Kingsway Capital.
“We are delighted to be working with Animoca Brands to develop the BAYC universe and expand the utility and benefits available to all holders of Bored Ape NFT,†a spokesperson for Yuga Labs said in a statement sent to Bitcoin. com News. “Animoca Brands is a pioneer in the blockchain gaming space with a proven track record in delivery. We look forward to sharing more with the community what we are building.
Bored Ape Yacht Club sees significant partnerships this year, BAYC game launch schedule for Q2 2022
Bored Ape Yacht Club has been involved in a number of partnerships in 2021 in addition to the recent agreement with Animoca Brands. BAYC has partnered with well-known brands such as the magazine Rolling stone, the famous beverage producer and Arizona brand Iced Tea worked with BAYC, and in mid-November, Universal Music Group supported a BAYC-inspired entertainment project. On the same day, hip hop record producer and recording artist Timbaland also launched an entertainment project linked to BAYC.
German sports footwear, sportswear and accessories giant Adidas also managed to work with the Bored Ape Yacht Club as the collection has become a phenomenon. Regarding the recent partnership between BAYC and Animoca Brands, the new game is expected to be released in the second quarter of 2022, including “game mechanics to winâ€. Yat Siu, co-founder and executive chairman of Animoca Brands, explains that while there have been a lot of NFTs this year, BAYC has made its mark in the industry.
“NFTs have become a reservoir of culture,†Siu remarked. “There are very few icons capable of representing the burgeoning world of NFTs as powerfully as Bored Ape Yacht Club, which is why we as a group and as a whole have a significant number of them. are incredibly excited and proud to collaborate on a game for this cultural milestone.
What do you think of the partnership between Bored Ape Yacht Club and Animoca Brands to release a video game to be won in the second quarter of 2022? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, BAYC,
Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.
