‘Bored Ape’ Unicorn Raises $320M By Selling Virtual Land In Its Metaverse
Crunchbase
The startup behind the Bored Ape Yacht Club NFTs has raised as much as $320 million in cryptocurrency by selling 55,000 plots of virtual land in its metaverse. The virtual real estate buying frenzy over the weekend reportedly so intense that it crashed the Ethereum network and sent fees on the blockchain system soaring.