Millionaire at age 18 with physical replicas of NFT’s Bored Ape Yacht Club

Even during a bear market and when sales of non-replaceable tokens fall, the price of a Bored Ape Yacht Club (BAYC) still remains above six digits. In fact, Bored Ape holders are partying at Ape Fest and NFT.NYC this week. But despite all the hype surrounding digital assets, 18-year-old Ricky da Luz has discovered how to embed himself in the NFT universe with physical objects. An avid toy designer, he started messaging Bored Ape NFT holders on Twitter, offering to make free toy replicas of their monkeys. The young man ended up selling BAYC replicas for $700,000. You can read how that works in this article.

A success story powered by NFTs

Before starting IsmToys, his toy company, he saved about $10,000 mowing lawns. And with that capital, he was able to create the first free toy to give away to members of the Bored Ape community. His first Bored Ape toy was ordered in January 2022 for about $400. This order heralded a huge success. Today he is even the founder of IsmToys, which he leads with his father Tony da Luz and a team of six people.

Bored Ape Yacht Club NFTs Converted To Owner Physical Replicas Help Transition To Web 3.0 Transition

We strive to help Web2 businesses enter the Web3 space, while converting their audiences into Web3 people ‘ said the young man in particular. † We link the toys to the actual NFTs and the digital assets act as authenticators for the toys. He also said his company has made more than $700,000 in toy revenue to date, which comes from a combination of one-of-a-kind creations. They sell for an average of $700 (although some can go as high as $2,400) and several other toys that can range from $50 to $200.

$700,000 in Cryptocurrency for Bored Ape Yacht Club NFT Toys

Ricky da Luz said 99% of IsmToys’ trades are in Ether (ETH). Since January, IsmToys has received orders for more than 300 unique toys, but the NFT.NYC conference has boosted the outlook. For the next month alone, they have over 200 orders on deck. IsmToys has also launched NFTs which then act as an authenticator allowing people to receive the coincident physical toys. So, IsmToys hit a run of 888 “Golemz”, which brought in $300,000 in just 96 seconds.

The idea of ​​linking physical replica and NFT is not new. Luxury brands have simply already sold NFTs that match, say, a pair of shoes. Hogan, among others, had illustrated himself with this process. On the other hand, the idea of ​​taking advantage of these successful digital works, BAYC, has proved innovative and fruitful. Ricky da Luz, just 18 years old, managed to build his craft business around a successful NFT. This inspiring story shows that connecting the physical and the digital is a great way to strengthen one’s ownership bond. In the same way that there is a ton of football club and blockbuster merchandise, this had to happen in the NFT world.

Get a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss out on the essential Coinstand!

Gregory Morat avatar

Gregory Morat

Student passionate about entrepreneurship and fascinated by the technologies behind cryptos! Yes, I am convinced that the two are closely linked: blockchain and NFTs are revolutionizing many sectors and offering unprecedented opportunities.

Leave a Comment