Join Our 500,000+ Community

Get Ember

more posts

May 02, 2022

Bored Ape Yacht Club: Top 5 Best Selling NFT

There is no question that Bored Ape Yacht Club has garnered tremendous amounts of attention by celebrities, influencers, athletes, musicians, and investors.

In the past 7 days, BAYC managed to have a total sale volume of $96.9 million with the total number of sales being 1035. The highest sale price? Well, the most expensive Bored Ape was sold for $581,000.

BAYC describes itself as "[...] a collection of 10,000 Bored Ape NFTs -- unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits."

There is no doubt that the cryptocurrency boom has created a whole new market that we now know as NFTs. NFT sales volume rose to $25 billion over the past year as seemingly everyone pours their hard earned money into the Web3 space.

If you don't know about NFTs yet, they are more than just ape pictures with insane value. NFTs are built on blockchain technology to keep a digital record of ownership. NFTs are similar to ERC20 tokens, and can easily be transferable. And no, you cannot simply copy and paste an NFT and claim it as your own.

It isn't all roses and daisies in the NFT world though. Expect to experience a good amount of fluctuation. Just like any investment, trading NFTs means being exposed to volatility. That being said, last week was actually a great week for NFTs. NFT sales jumped 85% to $456 million from $246 million in the prior week.

One of the glaring problems with trying to get exposed to NFTs is that for the everyday investor, investing in NFTs is a crapshoot. Oftentimes, the "affordable" NFTs end up being ponzi schemes or scams. Even some seemingly reputable NFTs gain a bit of traction and end up fizzling out after a couple months. You need to get really lucky to find an NFT that will get you a 25x return. Safe to say, if you are investing in NFTs, your best bet is to stick with top NFT projects like BAYC or CryptoPunks and to avoid projects that have yet to make a name for themselves.

The problem with trying to invest in top NFT projects is that people don't have $500,000 readily available to invest in a top NFT project.

This is exactly why Ember Fund has created the Top NFT Index. With the NFT Index, you do not need to shell out a mortgage to own a picture on the blockchain. And not only do you own just any picture on the blockchain, with Ember's NFT Index, you are exposing yourself to THE best projects in the game, like BAYC, CryptoPunks, World of Women, and Doodles.

The concept behind the NFT Index is quite simple: when the floor price of these NFT projects move up, so does your investment. By investing in the NFT Index, you own a share of some of the hardest-to-attain NFTs on the market.

Don't miss out on our latest posts

June 27, 2022

Ember Nuggets #37 | The Fallout of CeFi Crypto Platforms 📉

Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.

June 24, 2022

Mining Season 4 Is Right Around the Corner! ⛏️

Thank you to everyone who has participated in the third season of the mining program! The Ember team is proud to announce the start of Mining Season 4!

June 22, 2022

May 2022 Recap Newsletter 📈

Welcome to the May recap! It's been a wild month in the space, but we remain bullish on the long-term outlook.

Download Ember Fund