Definition

This word is often used as a noun or verb as a general term in the crypto world. As a noun, it typically refers to the Bored Ape Yacht Club, or sometimes NFT sets with the name ‘ape’ in it (but is very uncommon). 

When used as a {phrasal} verb,” to ape (into),” it can mean “to buy” “to buy in early,” which is committing a large size of your portfolio to a particular project.

Examples of Usage

• “What NFT are you aping into?”. This means the same as asking, “What NFT are you planning to purchase?

• “I am aping in a Bored ape.” Meaning I am purchasing a Bored Ape NFT. It has the noun and the verb in one sentence. 

What is a “Bored Ape Yacht Club NFT”?

At the end of April, the Bored Ape Yacht Club launched ten thousand unique images of cartoon apes. The Influencer/celebrities backing the project, utilities for holders of the NFT, and the strength of the community makes this NFT series so valuable. The day after the launch, all the NFTs were bought, and their price continued to rise due to high demand, with a Bored Ape NFT now having a floor of 56ETH – 225k$.