The event will feature a giant NFT art installation which will be placed at Somerset Youth Park in October. Developed by Yuga Labs, Champ Medici is part of the Bored Ape Yacht Club (BAYC), a collection of 10,000 unique NFTs based on the Ethereum blockchain. At its peak, the entry price for Bored Ape reached US$400,000.
BAYC is still a very profitable investment, and in September 2022, Bored Ape NFT was sold for US$ 1.17 million. In addition, the release of BAYC has attracted many famous collectors such as Eminem, Madonna, Stephen Curry, and Snoop Dogg.
The beautiful lounge of Champ Medici was created by Gushcloud International in collaboration with crypto and Web3 companies.