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Bored with apeing around? You could land a mint on the other side

Lifestyle

Bored with apeing around? You could land a mint on the other side

The ‘Bored Ape’ NFT company has raised billions in cryptocurrency in a virtual land sale

Elizabeth Howcroft

The company behind the “Bored Ape” NFTs has raised about $285m (about R4.5bn) in cryptocurrency by selling tokens which represent land in a virtual world game it says it is building.

Last year US start-up Yuga Labs created the Bored Ape Yacht Club NFTs, blockchain-based tokens representing a set of 10,000 computer-generated cartoon apes.

As non-fungible tokens (NFTs), crypto assets that represent digital files such as images, video or items in an online game, exploded in popularity, Bored Ape prices surged...

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