This is madness! Bored Apes Yacht Club floor price soars over 100 ETH! The price reached that point after the announcement that a native token, called ApeCoin, will be issued, described as a “token for culture, gaming, and commerce,” which could be used to “empower a decentralized community building at the forefront of Web3.” To me that a lot of buzz words in a sentence. What is the real utility behind that token? Why would I consider to get such token beside the hype and price market action? I think this is a massive bubble and many people will cry when it bursts. I am not saying that ALL the projects are the same, but so far, from what I saw, ALL the projects are the same. No utility. You hold into a jpeg or image of some sort with hope that the promised utility gives you back something. One interesting thing I saw however, regarding all the NFT space and such is the approach that VyFinance (VyFi) took, giving the users some sort of rewards when the hold into their nfts. Like 34% APY just because you stake an NFT is not a bad deal. Anyways... some random thoughts on all the Animals clubs. #cryptocurrency #cryptotrading #randomthoughts #boredapes