Julian Klymochko, the founder and CEO of Accelerate Financial Technologies, generated a 270,000 percent annual return after issuing BAYC NFT a year ago. Many investors have become wealthy because of ApeCoin (APE), the governance token associated with the popular NFT project – Bored Ape Yacht Club (BAYC).
Julian Klymochko, the founder and CEO of Accelerate Financial Technologies, made a 270,000 percent yearly return after minting BAYC NFT a year ago, according to a recent tweet.
The ApeCoin governance token, which has been on a tear this month, contributed one-fifth of the executive’s annual gains. His Canadian firm, Accelerate, had previously launched the first Web3 investment vehicle in Canada, Accelerate NFT Fund LP (“Accelerate NFT Fund”), during which he claimed
Web3, the next phase of the internet, will become more pervasive in our daily lives in the coming years. Non-fungible tokens, or NFTs, allow people to not only participate in Web3 but also to own it. The most popular NFT collections, we believe, will become Web3’s Googles, Amazons, and Facebooks.“
Klymochko has been a strong supporter of the space program. “NFTs represent another step in the human race’s journey from the physical to a digital reality,” the CEO remarked in February. The hype-driven volatility has pushed APE’s price above $17 for the first time this week.
For the uninitiated, APE was created by ApeCoin DAO, a decentralized autonomous organization. Despite the fact that the DAO is distinct from Yuga Labs, the creator of the Bored Ape Yacht Club, APE has been adopted as the primary token for the NFT ecosystem, as well as the planned Yuga products and services.
The possibility that the owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs will win virtual lands on the Yuga Labs’ impending “Otherside” metaverse via a Dutch auction has caused a recent spike in APE’s price. As a result, after dropping amid a broader market meltdown from its recently attained ATH, the token has seen a comeback.
BAYC has solidified its position as one of the most prestigious NFT collections. The total volume traded was $1.41 billion at the time of writing.
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