HOW NFTS ARE EVOLVING WITH BORED APE YATCH CLUBS NEW METAVERSE

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The year 2021 was actually a good year for both cryptos and non fungible tokens,good billions of dollars was spent on nfts least year.well not everyone believe in prospect of nfts because they believe it a scam and either sooner or later it will seize to exist but despite all the critics nfts are still evolving.this year hasn't really been good for both cryptos and nfts but there is high hope that things will soon get back to normal.

Few days ago,bored ape yatch one of the most famous collectors of nfts announced a valuation of $4billion after raising $450million to creat a metarverse.as we all know metaverse is a virtual environment where people can interact,let me say it's a science fiction.this art of bored aped yatch alone has shown that nfts are evolving on daily basis.one important to note is that nfts forms a core part of the metaverse so it is transitioning from just being an art collections.

Bored aped yatch has over 10,000 art collections and design that can be used for profile pictures.so many companies has formed partnerships with bored ape because of their collection of art designs.the ape coin is one the biggest move made by the yuga labs and since it Launch it's price has been soaring and the market worth $11billions.thats to show that nfts are evolving from just being an art collections with more utilities.with the market of the ape,it means that there lots of money in the ecosystem of nfts and the yuga lab.

NFTS is has a long history of being a collection of digital art but the main strength of nfts is that they help to show ownership of digital assets this assets could be in the form of video games,it could be fashion designs,it could just be anything even raging down to games.so now with the ape coin,it mean that you can use cryptocurrencys to by or trade nfts for money,and the most fascinating thing is that metaverse is the place where nfts can be use.remember nfts forms Avery core part of the metaverse.there are several web 3 metarverse which are already in use while others are still under development but one thing is that if your are not a crypto investor they might not really catch your attention.

There have been many nft projects diving into metaverse but unfortunately none of them stand the test of time except the yuga lab.why the yuga lab is different is that when you look at it,one can say that you lab has the power and facility it take to go into the metaverse,they have made a name for themselves which gives them the edge over other.metaverse has a lot of applications such as gaming , advertising even down to digital items .

Well with the progress that bored ape has made over time raging from collection of nfts to creation of its own token and now on metarverse,I can say they have done well for themselves so let wait and see what 2022 hold for them.