Monkey NFTs:  Primates on the Blockchain

NFT Monkeys have had an incredible year.  From the Bored Ape Yacht Club, Solana Monkey Business, to the Degenerate Ape Academy, the primate art community has grown in size, popularity and value.  While NFTs are designed to provide artwork and utility to their owners, why are the NFT Monkeys – out of so many options – so damn popular?  Here, we take a look at Monkey NFTs and attempt to determine what all the primate buzz is about.

Monkey NFT | Awk Monks NFTs

An NFT Monkey by AwkMonks | A Limited NFT Collection.

NFT Monkeys And Community

Monkey NFT owners gain access to community.  Many NFT Monkey projects have large, thriving communities.  The NFT Monkey community has grown increasingly large on Discord, Twitter and Instagram.   In the Monkey NFT Community, these social media channels have become very active spaces.  Individual NFT owners can share information on their NFT holdings or discuss upcoming NFT projects.  It is a great way to make connections in the NFT community.  Discord remains the most common social medial channel for NFT communities, but Discord is not alone.  The Twitter NFT space is a very large one.  Many members of the NFT community are on Twitter sharing their NFT Art and information on the NFT marketplace.

NFT Monkey Community

NFT Community.

Monkey NFTs and the Right to Intellectual Property

NFT Monkey Projects may give the intellectual property of their artwork itself to their owners.  This is a great opportunity for the NFT Monkey owner to be creative with their digital asset.  For example, the Bored Ape Yacht Club, the most successful NFT Project to date, gives their NFT owners the IP rights to their own NFT.  This allows the NFT owners to create content with their NFT art.  Seth Green was attempting to create a TV show with his Bored Ape.  Another Bored Ape Yacht Club NFT owner started his own Bored Ape restaurant.  Two Bored Ape Yacht Club owners recently partnered with a beauty company to create a skincare and candle line.

NFT Monkey Bored Ape Yacht Club

Seth Green’s Bored Ape Yacht Club #8398.

Monkey NFT Art Appreciates

Monkey NFTs are digital assets.  These digital assets not only provide utility, but the assets themselves may appreciate and add value over time.  The blockchain technology has allowed for the verifiable ownership of digital assets and the easy and secure transfer of those assets.  The technology has allowed for a new type of asset class.  NFTs are not screenshots of photos.  NFTs are digital assets that are encrypted and secured on blockchain technology.  Some NFTs are worth millions of dollars.

NFT Monkey Art:  Primate Profile Pictures

The NFT Monkey craze has taken the PFP NFT world by storm.  A PFP NFT is a Profile Picture NFT and these types of NFTs are used as profile pictures on their respective owner’s social media accounts.  The PFPs are used as status symbols and are basically seen as the avatar of the owner.  In many respects, the owner takes on the characteristics and style of his profile picture NFT.  Or more likely than not, the owner chooses an NFT that has the characteristics and attributes that most resemble the owner.  Indeed, the profile picture comes to represent the owner.

Status Symbol

NFT Monkey Art, like traditional art, can be used by its owner as a status symbol.  Many famous celebrities and sports stars have already changed their profile pictures on their social media platforms to their favorite NFTs.  Profile Picture NFTs or PFPs are a way to show off your NFT to the world.  Twitter has already integrated technology that enables users to distinguish between regular profile photos and NFT PFPs.  Facebook and Instagram are now in the process of rolling out similar capabilities.

Access to Airdrops and Whitelists

NFT owners also may gain access to airdrops from the NFT project.  These airdrops are given to the NFT owners by the NFT project.  The drops can be tokens or other NFTs, and most of the time, these drops are surprises and are totally unannounced.  NFT owners may also be provided access to whitelists to future NFT projects.  This can be a great benefit, as some NFT projects allow whitelist members to mint at well below cost of the public mint.

And We Thank You for a Real Good Time!

Thank you for reading our blog post.  Continue to check us out for more information and resources on all things NFTs – including our own NFT project, Awk Monks!  Also, don’t forget to check out The Ultimate NFT Monkey Guide for all things NFT Monkey related.  It’s a great resource –  rich in information.