FlamingoDAO, one of the most exclusive decentralised autonomous organisations, has shed light on the non-fungible token (NFT) space's parabolic returns. According to CoinDesk's talks with FlamingoDAO members and Forbes reporting, FlamingoDAO's large NFT portfolio, which includes 215 CryptoPunks and 22 Bored Apes, is now worth an estimated $1 billion. Flamingo acquired 60 ETH from each member when it launched in October 2020.