When I first told my wife, the daughter of a famous collage artist, that I just paid more for a JPEG of a cartoon ape than the value of our Chihuly glass, she gave me that look that says: "Excuse me?" So, why did I spend $48,000 on a Bored Ape NFT? I first learned about Bored Ape Yacht Club (BAYC) before the collection of Apes were even minted. I took a brief look and moved on. At the time, I had never bought an NFT. My business background is in buying and selling domain names, and "minting" is also a key term in that space. In domain-speak, minting is the equivalent of hand-registering a domain name. So once all ... (full story)