No bids on Chevy’s first NFT, even though it came with a free Corvette Z06

But — laughing out loud — Apecoin crucially has nothing to do with these transactions. It is just a fictional currency made by the same company. It’s likely that the value of $APE will go up in times when there is more general demand for or awareness of BAYC. The coin will be the “primary token for the BAYC ecosystem, as well as future Yuga product... See more

-Most people don’t have crypto wallets

NFTs are for real. Whether cynic or supporter, the numbers show that non-fungible tokens are far from frivolous. So far this year, NFT sales have totaled more than $13 billion, with much of that sum arriving in the last two months.

Apecoin’s launch was more or less like a start-up IPOing: preexisting holders of Bored Ape Yacht Club NFTs could claim a certain amount of the currency for themselves, for free just because they have an ape. That currency immediately had value. 

On the other hand, Time Magazine minted an NFT collection. Time is not a tokenized community. The community at-large has not adopted the token as a means of organizing around the brand in any meaningful way. 

Second, $400 million as of this writing of the newly launched $RARE token was given with no strings attached to community members. Current shareholders who once owned 100% of the SuperRare stock now own only 40% of the company’s governance token. And while the community members are free to sell their tokens at any time on the open market, our token... See more

Their take rate is 0% because they operate on Tokenomics.