8 Ways that BAYC Could Go to 0ETH | Project: Friendship Bracelets

 

Theme: 8 Ways that BAYC Could Go to 0ETH 

 

• Loss of interest in PFP NFTs: If the overall market for the brand “NFT” loses interest, the demand and value of the Bored Ape Yacht Club NFT collection could decrease significantly.

• Scandal or controversy: Any negative publicity or scandal involving the creators or holders of the Bored Ape Yacht Club NFTs could lead to a decrease in value.Legal action against Yuga for unpaid celebrity endorsements then cascades into distrust for brand. 

• Lack of scarcity: If the creators of the Bored Ape Yacht Club NFTs overproduce the collection, it could lead to a decrease in scarcity and therefore value.

• Competition: If other NFT collections similar to the Bored Ape Yacht Club become available, it could lead to a decrease in demand and value for the Bored Ape Yacht Club NFTs.

• Hosting infidelity. Some technical error or core Yuga hack causes holder loss.

• Brand hijacking by an extremist group. Making a BAYC mascot for a white supremacist.

• SEC action on $APE or financial scandal.

• Creator fees to 0.

 

• Project: Friendship bracelets Friendship Bracelets by Alexis André - Collection | OpenSea 

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