The Miami-based NFT company behind Bored Apes Yacht Club has yet to raise any funds, though the startup has long caught the eye of VCs keen to back a major player in the NFT craze. Yuga Labs has also just launched ApeCoin, in which the founders and executives of the startup have a substantial stake. The token gathered a multi-billion dollar market capitalization on its first day of trading. In 2021, countless celebrities have purchased an NFT from the Bored Ape Yacht Club, including late-night talk show host Jimmy Fallon, tennis star Serena Williams, and pop star Justin Bieber. Meanwhile, companies like Good Gamer Entertainment Inc., GameStop Corporation, Zynga Inc., Take-Two Interactive Software Inc and Funko Inc. are launching exciting NFT collections to the growing market.