Bored Ape Yacht Club (BAYC) - All About the BAYC NFT collection
One of the most expensive and successful NFT projects, Bored Ape NFTs feature images of punky apes with unimpressed expressions and human clothes on their sometimes-multicolored, sometimes-metal bodies. This article will delve into learning more about the Bored Ape Yacht Club.
What is the Bored Ape Yacht Club Collection?
The Bored Ape Yacht Club (BAYC) is a collection of 10,000 non-fungible tokens (NFTs) that were launched in 2021. These BAYC NFTs are based on Ethereum. These Ape NFT caricatures, which have been given the name "Bored Apes," show a wide range of facial expressions, attire, and other distinct aspects. The Bored Apes are now being traded for millions of dollars due to their enormous popularity in the crypto world as well as in the wider culture of the internet. Owners of Bored Apes are considered members of the Bored Apes Owners Club (BAYC) and are granted access to a variety of unique benefits, including secret online places, exclusive merchandise, and live events that are only open to members.
Highlight Features of Bored Ape Yacht Club
Bored Ape Yacht Club attracts huge attention from community thanks to its valuable features.
Bored Apes are 10,000 digital avatars in a rare collectible collection. Each Ape is a one-of-a-kind combination of 170 characteristics such as expression, headwear, clothing, and so on. While each Ape is unique, some are rarer than others. In fact, some characteristics, such as golden fur and laser eyes, are so rare that they are found in less than 1% of all Apes. This, in turn, raises the Apes' price.
All Bored Ape NFTs were initially listed for 0.8 ETH and were quickly snapped up by NFT enthusiasts within 12 hours of being listed. The current floor price for an Ape NFT is 68.5 ETH.
Access to exclusive content is another feature of Bored Ape NFTs. The website of Bored Ape contains a detailed roadmap of what they intend to do as they meet their various sales percentage quotas.
Airdropping five "Caged Apes" is one of the exclusive content benefits that they have already provided to their NFT holders (tokens that were held back from sale).
Another was that in June of this year, every Bored Ape holder received a free canine companion NFT. The Bored Ape Kennel Club was born as a result of this. Through secondary sales of canine companions, the club raised $1 million for animal shelters.
To remain relevant, the developers have consistently innovated with the NFT project. They have created 20,000 mutant Apes, 10,000 of which are kept for the Bored Ape owners and the rest are used to recruit new members. To create mutant apes, current Bored Ape holders must combine their Ape NFTs with a serum NFT.
Advantages of Yacht Membership
A yacht club membership is included with each Bored Ape. Membership entitles ape NFT holders to attend community events. Members also have access to a private Discord server and a private digital area known as "The Bathroom," which can be used as a graffiti board. Bored Ape owners receive commercial usage rights for their NFTs as well. This means that they can not only resell the NFT at a higher price but also sell any type of spinoff product based on the NFT they own.
This membership places you in the same club as celebrities such as Jimmy Fallon, Post Malone, Mark Cuban, and Shaquille O'Neal, among others. Members of the Bored Ape Yacht Club do not always limit their interactions to the internet. They planned a party on an actual yacht off the coast of Manhattan in November 2021.
Top 5 Most Expensive NFTs in Bored Ape Yacht Club Collection
- Bored Ape #7537
Price: $96,4 M
2. Bored Ape #6388
Price: $637,3 M
3. Bored Ape #8585
Price: $140,1 million
Bored Ape #8585 is possibly the coolest-looking ape on this list, with trippy fur and heart-shaped glasses, and a regal crown. This sale generated a lot of buzzes, not only because of the increased price but also because it started a trend of collecting the trippy fur apes, which are among the rarest in the BAYC collection.
4. Bored Ape #5383
5. Bored Ape #2087
Price: $140,1 million
Rarity Tools gives Bored Ape #2087 a rarity score of 312.34. It's also the least bored ape yet, with only three traits listed in its attributes. This Bored Ape, set against a purple background, is another cigarette smoker with trippy fur and an angry expression in its eyes.
Who is behind the Bored Ape Yacht Club?
Yuga Labs is responsible for the creation of the Bored Ape Yacht Club. At that time, Yuga Labs was made up of four individuals, all of whom concealed their identities by using pseudonyms. There are four people involved: the two co-founders, Gordon Goner and Gargamel and two friends, No Sass and Emperor Tomato Ketchup.
How to Buy a Bored Ape?
The majority of Bored Ape NFT sales that have taken place since then have been conducted on the secondary OpenSea NFT marketplace. This is because the initial collection has been depleted. Because they cannot be purchased using USD, you will need a crypto wallet that is compatible with the cryptocurrency you wish to buy as well as some ETH. However, even the most affordable Bored Apes may now be purchased for well over USD 200. For instance, the most reasonably priced Bored Apes that were on the market at the beginning of 2022 might be purchased for a quarter of a million dollars.
Although NFTs have been around for five years, the non-fungible token boom did not begin until 2021. It almost perfectly coincided with the launch of the Bored Ape Yacht Club, a collection of 10,000 cartoon ape NFTs that has come to represent the entire industry. BAYC has become a bellwether for NFTs in the same way that bitcoin is for the overall crypto market.
Hopefully, today's article has increased your knowledge of the Bored Ape Yacht Club. You can also learn more about the project by following the links below.
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