Ukraine’s crypto-crowdfunding push began on 26 February 2022 after the government’s official Twitter account បានប្រកាស crypto-donations. Since then, it has received well over $88 million in donations alone.
Joining this list
Web3 communities — from DAOs to memecoin holders to NFT collections — have announced projects and initiatives centered around contributing to Ukraine’s relief efforts. Now, inspired by its community members’ contributions, the Bored Ape Yacht Club (BAYC) NFT collection is the latest to lend a helping hand to the war-torn country.
On 9 March, it donated $1 million to Ukraine’s official Ethereum អាសយដ្ឋានកាបូប. As per its Etherscan transaction link, it sent 388.999 ETH (a little over $1 million) for this cause.
វាជាការបំផុសគំនិតដែលឃើញសហគមន៍របស់យើងរួមគ្នាក្នុងការគាំទ្រអ៊ុយក្រែន - ស្ទើរតែ $ 1 លានដុល្លារនៅក្នុង ETH ត្រូវបានបរិច្ចាគទៅ @អ៊ុយក្រែន តាមរយៈកាបូបដែលមានប្រព័ន្ធអេកូ BAYC NFT ។ ថ្ងៃនេះយើងត្រូវគ្នាជាមួយនឹងការបរិច្ចាគ 1 លានដុល្លារ ETH របស់យើងផ្ទាល់។ ?♥️??
- ក្លឹបជិះទូកកំសាន្ត Ape Ape Yacht (@BoredApeYC) ខែមីនា 8, 2022
The BAYC was among the first NFT collections to reach a floor price—or minimum “buy-now” price per NFT — of over 50 ETH. It’s the second-largest NFT collection of all-time based on marketplace OpenSea’s rankings.
ប្រភព៖ OpenSea
Given its dominance, celebrities like Eminem, Steph Curry, Jimmy Fallon, etc. have “aped” into the collection of late. In fact, it registered over 417,000 ETH ($1 billion) in secondary sales. The OurNetwork newsletter also revealed some formidable insights about the Bored Ape NFTs, with the total trading volume surpassing the $1.3 billion-mark.
All good and no bad?
Of late, the Bored Ape Yacht Club has been trending in the news for reasons besides its numbers. Recent investigations had raised some serious questions about the anonymity of its founders, with some ចាត់ទុក it to be “confusing.”
Will this loss of anonymity affect the Bored Apes’ ROI in March 2022? Well, it clearly did.
According to Defi Llama, the daily volume of the Bored Ape Yacht Club has been falling since 30 January. At press time, BAYC’s daily volume was 279.4 ETH. This was a drop of ~65%. The sales numbers too saw a constant decline over a 30-day period.
ប្រភព៖ OpenSea
In fact, even the 90-day period saw a similar declining trend.
Needless to say, it hasn’t been a great time for BAYC. Even so, many in the community hope the projects’ latest donations can be the catalyst for better investor sentiment across the board.
Source: https://ambcrypto.com/can-baycs-latest-efforts-help-rescue-its-in-trouble-daily-volume-sales-stats/