Ape (noun) + Aped (verb)
Definition of Ape as it relates to Crypto
This word is often used as a noun or verb, and is a very common term in the crypto world. As a noun it normally refers to the Bored Ape Yacht Club, or sometimes NFT sets that have the name ‘ape’ in it (but is very uncommon). BAY is one of the blue chip OG generative NFT sets.
When it is being used as a verb, to ape, or to ape into it. It can mean “to buy”, “to buy in early”, which is committing a large size of your portfolio to a particular project. Sometimes it is amplified by YOLO if somebody allocates a (too) large part of their portfolio to just 1 project.
Glossary Term used in a sentence
“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, a website called the Bored Ape Yacht Club launched ten thousand unique images of cartoon apes. Within one 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$. The Influencer/celebrities backing the project, utilities for holders of the NFT and the strength of the community makes this NFT series so valuable.