Meet the co-founder of the Bored Ape Yacht Club

On February 24th and 25th, NFT Paris will bring together the ecosystem’s most popular players, including the co-founder of the Bored Ape Yacht Club, or BAYC. First-time fans, enthusiasts, those discovering and wanting to understand this emerging industry, investors… Everyone will have the opportunity to meet the leaders of the most influential NFT companies.

Image of several BAYC Bored Ape NFTs

Go beyond social networks, interact directly with players in the ecosystem

organizers NFT betting The event to allow the community to meet the key players in the ecosystem. Even those you interact with on social networks and dedicated forums. This type of event is also presented as an opportunity to discover new projects, to create networks (between entrepreneurs, investors, collectors, etc.).

During the first edition in January 2022, the event gathered 800 participants. For the second edition, which is scheduled for February 24 and 25, the organizers expect up to 8,000 people. NFT Paris will see the cream of the ecosystem participate: NFT business leaders, collectors, and big brands like LVMH who are actively participating in Web3…

The NFT market has literally exploded over the past couple of years. Artists have been the first to ride the trend, creating digital works that sell for millions of dollars. Startups and major brands have also recognized the potential of NFT.

They were quick to explore and exploit the endless business opportunities it offered Non-fungible tokens. Photographs, GIFs, virtual properties, the metaverse, online games, collectibles, fashion items (created by famous or anonymous designers), videos, sports facts, art… NFTs and Web3 They are reshaping the commercial, cultural and artistic landscape.

NFT Paris: The co-founder of BAYC will be speaking as a speaker

For the second edition of NFT Paris, CryptoGarga, co-founder of the famous BAYC company, will take part in this event. Greg Solano, his real name, joined forces with Wylie Aronow to create Yoga Labs and launch BAYC (Bored Ape Yacht Club). This is a set of 10,000 unique boring monkeys that have sold for over a billion dollars.

Yuga Labs was set up in 2021. Outside of BAYC, the company has other NFT groups (Mobile Monkey Yacht Club, Bored Ape Kennel Club, CryptoPunks, Meebits) as well as a metaverse project called Otherside. Together, these collections soar to the top of the charts in terms of sales volume.

For the record, one BAYC sold for 0.08 Ethereum (ETH), or about $220 when it debuted in 2021. As it gained popularity on Twitter, the value of the pool grew. The price exploded and the sales volume increased rapidly.

In just a few months, Greg Solano and his team’s company has experienced a meteoric rise, and it’s not over yet. BAYC has been named the best NFT project of 2022 by Nansen in terms of market capitalization and cultural impact. The Yuga Labs co-founder will have the opportunity to talk about this success story and other upcoming projects during the upcoming NFT Paris.

Who is Greg Solano, co-founder of BAYC?

Perhaps one of the most anticipated speakers at NFT Paris is Greg Solano. Before the final date, here’s a brief introduction by one of the people behind the popular BAYC collections. In light of his approach, Greg Solano (just like his friend Willie Arono Moreover), it was not predestined to develop in the NFT ecosystem and in the Web3 world.

Greg Solano has already done a literature course at the University of Virginia. Then he worked as an editor and literary critic. In 2019, for example, he co-authored a book on World of Warcraft. Coding and creating blockchain-based projects wasn’t part of his environment, until his first foray into the crypto world in 2017. That year, he and Wylie Aronown bought bitcoin (BTC) and ether (ETH).

It was like a click. While looking for ideas to invest their assets, the two friends quickly understood the potential of cryptocurrency and especially NFTs. Then they decide to join forces with two other computer engineers: Kerem aka Emperor Tomato Ketchup and Zeshan aka No Sass. The four of them set up yoga labs to cure the first bored monkeys.

Understanding the popularity of BAYC

Bored monkeys are posted as groups. The collection contains between 1,000 and 10,000 individual NFTs. As collectibles become more popular, the demand for a limited good drives up the price. Since there will only be 10,000 BAYC and millions of NFT investors want one, the pool is becoming more and more valuable, driving up demand.

With BAYC, the creators also had the idea to create a community spirit: the organizers join an exclusive club. This social aspect brings value to groups, especially when you consider that many of the investors are celebrities.

In the world of showbiz for example, Justin BeiberAnd Snoop Dogg or Eminem Proudly display the NFT on social media. The big names in the sport like Neymar or Serena Williams It is not excluded. This community shares the hype for the Bored Ape Yacht Club which then continues to grow in popularity.

This popularity of BAYC has greatly contributed to the massive adoption of NFTs, but not only. This phenomenon also made it possible to consolidate the confidence of investors, not just individuals. Some of the biggest brands have realized this NFTs will help shape the future for culture. Disney, Adidas, Nike…they all want to be a part of it.

You will have the opportunity to discover and discuss the full potential of NFTs during the NFT Paris event to be held at the Grand Palais Éphémère. Tickets are already available on the official website of the event. See you on February 24th and 25th.

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Cointribune Editorial Staff

The Cointribune editorial team unites their voices to express themselves on cryptocurrency, investing, metaverse and NFT specific topics, while striving to better answer your questions.

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