Productwizz

A few days ago, a friend approached me and asked , "Hey, do you know about NFTs?" At the time, I didn’t know much, so I replied, "I’m not sure, but why do you ask?" She went on to explain that she runs an Instagram account where she shares her handmade drawings. One day, someone messaged her and asked if she’d be interested in selling the ownership rights to her drawings—for ₹5 lakhs each! Interesting, isn’t it? So, this deep dive into NFTs is inspired by those ₹5 lakhs... Just kidding. It’s all for my dear friend. Let’s explore: What Are NFT Monkeys or Bored Apes? Backed by Web 3.0 startup Yuga Labs , the Bored Ape Yacht Club (BAYC) consists of over 10,000 unique "Apes," each with its own distinct properties. These "NFT Monkeys" feature diverse characteristics—punk styles, quirky attitudes, and unique clothing combinations. But the most intriguing aspect is their value. With the skyrocketing popularity of NFTs, Bored Apes sell for as much as 2...