Accelerate CEO made 270,000% annual return on Bored Ape NFT minted a year ago
ApeCoin(APE) the governance token connected with the popular NFT project Bored APe Yacht Club (BAYC)
Accelerate Financial Technologies' recent tweet Julian Klymochko made an annual return 270,000% after minting BAYC NFT one year ago.
The exec's one-fifth annual return came from the recent ApeCoin governance token that has been on a tear this month.
Accelerate launched Accelerate NFT Fund LP the first Web3 investment vehicle in Canada during which he said
“Over the coming years, Web3, the next era of the internet, will become a more prevalent aspect of our everyday lives. NFTs, or non-fungible tokens, allow users to not just participate in, but to own Web3. We believe that the most popular NFT collections may become the Googles, Amazons, and Facebooks of Web3.”
Klymochko has been a very vocal proponent of space. In February this year CEO said, "NFTs are another step in the human race's movement from the physical toward a digital reality."
The hype-driven has managed to sway APE's price to a new high above $17 this week
For the uninitiated APE was released by a decentralized autonomous organization called ApeCoin DAO Even as the DAO is a separate entity from Bored APe Yacht Club creator YugaLabs Ape has witnessed adoption as the primary token for the NFT ecosystem to the upcoming Yuga products and services.
BAYC has strengthened its position as one of the top NFT collections. According to Dapp Radar, it stood at $1.41 billion in total volume traded at the time
With the massive hype around NFTs several celebrities have and are still joining the club in droves. like late-night TV host Jimmy Fallon, American Rapper Post Malone, NBA Steph Curry, Accpopular YouTUbe Logan Paul, NBA Legend Shaquile O'Neal.