The world of cryptocurrencies is also slowly starting to create its own startups with huge market capitalization, called Unicorn or Decacorn. Proven cryptocurrency startups have already surpassed billion-dollar valuations.
BAYC is rising fast
Bored Ape Yacht Club, or BAYC for short, which we can show as one of the best-selling and highest-priced collections of the NFT world, also made its developer rich. Yuga Labs could reach a total valuation of $5 billion.
Yuga Labs, which started an investment meeting with A16z owned by Andreessen Horowitz, will also increase its valuation to record levels. There is no information about the amount of this meeting, which will be the first institutional investment.
The BAYC collection is the second most popular NFT collection on OpenSea. At its launch in February, minting an NFT cost just $300. Now it has reached the base price of 99ETH. Many celebrities like Justin Bieber and Paris Hilton have bought from BAYC collections. Horowitz, on the other hand, is interested in the NFT world and has investments in 41 startups, including OpenSea.
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