Andreessen Horowitz participates in the windfall of Bored Ape Crypto Coin

The risk capital company Andreessen Horowitz is one of the investors who received a stroke of luck this week, as tokens worth billions of dollars from dollars to the creators, supporters and owners of the digital collector's pieces of the Bored Ape Yacht Club.

crypto dealers hurried to get part of the campaign on Thursday, as a consortium in which the Bored APE creator Yuga Labs is the greatest single shareholder, "Apecoin". According to the data from Coinmarketcap.com, apecoins worth more than $ 9 billion changed the owner in the first 24 trades.

A billion apecoins were created on the Ethereum blockchain by an organization, when Yuga was founded together with a small group of supporters and consultants.

The tokens suddenly became very valuable after millions of Bored Ape owners were given away on Thursday and they were traded on large crypto exchanges such as Coinbase, FTX and Binance where every other investor could buy them.

The publication of APECOIN is one of the best -known examples of "Airdrops", in which cryptocurrency projects effectively give away free digital tokens to collectors, employees and investors and sometimes shape new millionaires overnight. The coins were linked to the success of the non-fungable bored ape tokens that have gained popularity in recent months.

Before the public trade began, Yuga and his apecoin partners now approved the allocation of the tokens and handed over crypto to a handful of insiders and owners of BORED APE, an environmental organization and the treasury of the organization. A YUGA spokesman said the token distribution was determined by a "large group in which both the participants and the industry experts they consult" were involved ".

The four founders of Yuga-until recently only known under their online pseudonyms such as Gargamel and Emperor Tomato Ketchup-received 8 percent. A group of "launch partners", including NFT, based in Andreessen and Hong Kong and the crypto investor Animoca Brands, gained an allocation of 14 percent in return for the preparation of the emission, a Yuga spokesman confirmed to the Financial Times.

Another 150 million tokens were handed over to Yuga Labs themselves, which are currently worth more than $ 2.2 billion, while 470 million are kept by the APECOIN organization itself and 150 million are collected by Bored Ape NFT owners.

Owner of Bored Ape received a payment of 10,094 APECOIN for every NFT that they have from the main collection, handover Tens of thousands from dollars to owners of a cartoon monkey, which was originally sold for about $ 250 and is now trading in marketplaces such as OpenSea for over $ 250,000.

Several owners of Bored Ape were able to collect on Thursday with a large collector Aepecoin worth a hundred thousands of dollars claim token worth more than $ 20 million on Friday.

After a volatile early trade, in which he fluctuated from $ 39 to $ 7, the price of apecoin had recovered to around $ 15 within 24 hours after its introduction. This prize would appreciate the Yuga founder's share in more than $ 1.2 billion, while its starting partners keep Apecoin worth $ 2.1 billion. The founders and starting partners are currently excluded from trade with apecoin, with the lock-ups being lifted in the next 36 months. Only 28 percent of the tokens are currently available for trade.

APECOIN is part of a new generation of cryptocentric "decentralized autonomous organizations" or Daos, which use token thrown out of the air to split the governance rights, with those who have more coins have a greater influence on the direction of the project. The coins can also become speculative financial assets that are used to lure new users to a new platform or a new marketplace.

Other members of the Apecoin consortium are Alexis Ohanian, founder of Reddit, Guy Osary, a veteran of the music industry, whose customers belong to Madonna and U2, and Horizen Labs, a blockchain developer.

A spokesman for Yuga said Andreessen received coins in return for support for the "overall design of the DAO Governance". Andreessen refused to comment on his participation in the project.

Yuga was in discussions with investors, including Andreessen, about a new financing round that would have a value between $ 4 and $ 5 billion, the FT reported last month. Yuga and Andreessen both refused to comment on the possible financing.