13/08/2021 NFT project Bored Ape Yacht Club has donated $850,000 to an orangutan charity

August 10, 2021

Quick Take

  • Bored Ape Yacht Club is a NFT project that has been rapidly growing in popularity.
  • It has now donated $850,000 in cryptocurrency to Orangutan Outreach.

An ape-themed NFT project called Bored Ape Yacht Club has donated66.45 ETH ($208,000) to an orangutan charity called Orangutan Outreach today. This puts their total donations to the charity at $850,000 at current prices.

The donation was made with an Ethereum transaction, organized through crypto donation platform The Giving Block. This platform enables anyone to make a direct cryptocurrency payment to a range of supported charities.

Founded in 2007, Orangutan Outreach is a New York-based non-profit focused on protecting orangutans in Borneo and Sumatra.

Bored Ape Yacht Club is a collection of NFTs featuring a range of — you guessed it — bored apes. But NFT owners get some other privileges including the ability to draw pixels on a shared digital canvas. (They do this by signing in with their Ethereum wallets, proving that they own the NFT in question — a decentralized replacement to signing in with Facebook or Google.)

The NFT collection was launched on April 23 but it took until May 1 to sell out. The cost of minting each ape was 0.08 ETH, worth around $220 each at the time. With 10,000 NFTs that means the project netted around $2.2 million.

Bored Ape Yacht Club swiftly took hold, with many crypto members changing their Twitter profile pictures to show off their own bored apes. With this interest, prices for these NFTs rocketed up with the current floor price (meaning the lowest prices the NFTs are currently being sold for) now above 15 ETH ($47,000).

The group previously donated 135 ETH ($419,000) to a range of animal charities on June 30, including a 33.75 ETH ($100,000) donation to Orangutan Outreach at the time. Other charities included Friends of Bonobos (bonobos being a type of great ape) and Wright-Way Rescue, which rescues pets.

On July 9, it donated 11.5 ETH ($36,000) via The Giving Block, including 5.75 ETH ($18,000) to Orangutan Outreach. And on July 28, it gave 169 ETH ($524,000) to the same cause.

To put this in context, members of the crypto community jokingly refer to themselves as "apes," in reference to the idea of "aping into" a hot new project or NFT collection. (Hence why FTX CEO Sam Bankman-Fried has an "APE SZN" sign next to his desk, standing for "ape season.")

Arts

https://www.theblockcrypto.com/post/114030/nft-project-bored-ape-yacht-club-has-donated-850000-to-an-orangutan-charity

Interesting NFTs
The Machine of Real Madrid
Visual Toy honoring the greatness of the most awarded club in the world of football, Real Madrid. Including his top stars of all time including President Bernabeu, a myth in the club's management. This Visual Toy represents the club as a title machine with the Champions League as a great emblem, since it holds the leadership in victories in the maximum European competition. A magical and fantastic mechanism like the history of the club itself. Including the Bernabeu in its last year before the remodeling in 2020, this Visual Toy brings together all the essence and soul of the merengue team. https://javierarres.com
Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the owner’s Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) “Kim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. “Everyone should install an LED wall in their house for NFT art.” says the artist. “ This is the future, and Mars House demonstrates the beauty of that possibility.” The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.
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By OthersideDeployer
Pudgy Penguin #6204
A collection 8888 Cute Chubby Pudgy Penquins sliding around on the freezing ETH blockchain.
Brave Samurai
This is the second collaborative piece that I have created with the very talented Dutch artist, @eattheart23. Here, a samurai warrior stands guard, honour bound to protect his master even to the death.