added by sari · updated 2y ago
Why Bored Ape Avatars Are Taking Over Twitter
- “When everyone’s got skin in the game, it creates a new dynamic, as opposed to everyone being able to say what they want and critique everything without consequence,” Drew Austin, a technology investor who owns three Bored Apes and co-owns two others, told me. That sense of community has been missing from the Internet, according to Bored Ape Yacht ... See more
from Why Bored Ape Avatars Are Taking Over Twitter by The New Yorker
sari added 3y ago
- Each avatar club is a strange combination of gated online community, stock-shareholding group, and art-appreciation society. When one ape (or cat or pill or alien) is bought for a high price, the perceived value of all ten thousand authentic N.F.T.s in the set rises, the same way a painting fetching a record price at auction might increase the valu... See more
from Why Bored Ape Avatars Are Taking Over Twitter by The New Yorker
sari added 3y ago
- In part, it’s this possibility that makes buying into N.F.T. clubs so desirable: purchasing the hot new avatar might be like acquiring a small fraction of the rights to the next Mickey Mouse.
from Why Bored Ape Avatars Are Taking Over Twitter by The New Yorker
sari added 3y ago