Can cartoon apes land these NFT owners a fortune?

When 27-year-old Raye Chung from Hong Kong bought herself a non-fungible token (NFT) from the Bored Ape Yacht Club (BAYC) project in July, she had little inkling that this portrait of a cartoon ape would become one of the world’s most sought-after digital collectibles.Four months later, Chung saw the price of that image, which she bought for under US$10,000, rise to more than US$200,000. With only 10,000 portraits of similar cartoon apes in circulation, Chung has joined an exclusive group of…

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