A non-fungible token is a cryptocurrency token that represents a unique non-interchangeable asset. As opposed to a fungible token, which is used as a unit of account, an NFT represents what you own.

The Bored Ape Yacht Club, sometimes referred to as "Bored Apes," "Bored Ape," or "BAYC," is a group of non-fungible tokens (NFTs) that are stored on the Ethereum blockchain.

Apecoin is an ERC-20 governance and utility token for the APE ecosystem. Holders of ApeCoin can use their coins to participate in the decision-making process of the Decentralized Autonomous Organization (DAO) and access exclusive perks within the ecosystem, such as games, events, merchandise, and services.

What are NFT marketplaces?

Non-fungible token (NFT) marketplaces are online platforms that allow users to buy, sell, and trade NFTs. NFT marketplaces typically allow users to browse and purchase NFTs using cryptocurrency, such as Ethereum. They may also provide tools for creating and selling NFTs, as well as information and resources for buyers and sellers. Some popular NFT marketplaces include OpenSea, Rarible, and SuperRare.

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May Woods

Graduated from King’s College, May is a highly accomplished UK-based journalist and editor, holding an NCTJ qualification with over 7 years of experience in writing, editing, and commissioning news and features for newspapers, magazines, and online publications. Her passion for blockchain and cryptocurrency has driven her to lead investigations, interview prominent crypto CEOs worldwide, and develop social strategies for web3 clients, making her an expert in the field. Additionally, May has successfully managed important campaigns for NFT projects. Her unique blend of traditional journalism and modern digital strategies makes her a distinguished and influential voice in the crypto industry.