NFT project Bored Ape Yacht Club has donated $850,000 to an orangutan charity

Quick Take

  • Bored Ape Yacht Club is a NFT project that has been rapidly growing in popularity.
  • It has now donated $850,000 in cryptocurrency to Orangutan Outreach.

An ape-themed NFT project called Bored Ape Yacht Club has donated 66.45 ETH ($208,000) to an orangutan charity called Orangutan Outreach today. This puts their total donations to the charity at $850,000 at current prices.

The donation was made with an Ethereum transaction, organized through crypto donation platform The Giving Block. This platform enables anyone to make a direct cryptocurrency payment to a range of supported charities.

Founded in 2007, Orangutan Outreach is a New York-based non-profit focused on protecting orangutans in Borneo and Sumatra.

Bored Ape Yacht Club is a collection of NFTs featuring a range of — you guessed it — bored apes. But NFT owners get some other privileges including the ability to draw pixels on a shared digital canvas. (They do this by signing in with their Ethereum wallets, proving that they own the NFT in question — a decentralized replacement to signing in with Facebook or Google.)

The NFT collection was launched on April 23 but it took until May 1 to sell out. The cost of minting each ape was 0.08 ETH, worth around $220 each at the time. With 10,000 NFTs that means the project netted around $2.2 million.

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