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what is a bored ape nft

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The purpose of this article is to help readers understand what this new token means and how they can use it. The article also discusses Black Stone Labs' goals for the project and gives some advice on how to invest in it. Readers should be able to find out more about Bored Ape in general and whether or notit makes sense for them once they finish reading this piece. image source: cryptoslate.com A non-fungible token (also known as a fungible token) is an entirely unique and fundamentally different from other tokens existing in the same universe. It can be used in one of two ways: 1) it can serve as an asset that will appreciate in value, or 2) it can be used as currency to buy or sell anything. image source: opensea.io Let's take this simple example:Let's say you want to buy some software for your company but don't have enough money at the moment. So, you propose an idea with the software developers and agree upon a price of $2000 worth of tokens. image source: www.busin