Bored Ape Yacht Club NFT collection made headlines recently with several bombshell revelations – from the purchase of the iconic CryptoPunks to the release of the ApeCoin.
The launch of the APE token was as volatile as one might expect as the cryptocurrency dropped to a low of around $6 and is currently trading around $11.
With everything that’s going on with the BAYC ecosystem, we decided to see what’s the approximate ROI of minting and holding just one Bored Ape NFT (and the associated claimables) until today.
So far, Yuga Labs, the creator of BAYC, issued three NFT collections in total. Other than the iconic Bored Apes, they also issued the Mutant Ape Yacht Club collection. MAYC features the mutant version of Bored Apes, with 18,338 individual NFTs. In contrast, BAYC
Articles by David Marsanic
Santander Launches Loans Backed by Tokenized Wheat and Corn
March 8, 2022As announced on Monday, the Spanish banking multinational Santander Argentina partnered with Agrotoken to provide a token-backed lending service.
Agrotoken is an Argentina-based agricultural commodities tokenization platform. It is also the first global infrastructure for the tokenization of agro commodities.
The partnership will allow farmers to take out loans backed by Agrotoken’s commodity tokens. Some of these include soybeans (SOYA), corn (CORA), and wheat (WHEA).
According to Santander, these tokens will allow farmers and the agroecosystem to have easy and fluid access to a new financing system. Moreover, they will expand farmers’ credit capacity by using tokenized grains.
$225 Million Investment in Argentina
The pilot project will be tested in Argentina, where the