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BAYC has 10% of the total market cap of NFTs, this project has been at the center of the conversations about copycats.
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The value of investment into the NFT art market has increased significantly, jumping from $31 Million to $755 Million.
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That kid who created his own $400,000 NFT project, Benyanub Ahmed, joined another successful NFT group. Together, their sales volume moved past the $5 million mark after just three weeks.
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Most NFTs function right now as digital collectibles, traded on marketplaces like the ever-popular OpenSea.
The site saw $3.4 billion in trading volume in August, 10 times the trade volume in July.
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