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What is the Bored Ape Yacht Club ?

Newton & KeplerFebruary 8, 2023

1 minute read

Bored Ape Yacht Club (BAYC) is a Non-Fungible Token (NFT) collection that has been making waves in the digital art world. The collection features unique digital artworks of apes in different activities, such as playing golf or reading a book. These apes are not just any ordinary apes, as they are each a unique NFT that can be bought, sold, and traded like any other asset. In this article, we will explore the history of the Bored Apes NFT collection, where they were sold, record prices, famous persons who own them, how many NFTs were created, and what the future holds for this innovative and exciting project.

Source : Yuga Labs

History of the Bored Ape Yacht Club NFT Collection

The Bored Ape Yacht Club NFT collection was created in April 2021 by Greg Solano and Wylie Aronow, co-founders Yuga Labs, which acquired the Intellectual property of CryptoPunks and Meebits in March 2022. The artist was inspired by the popularity of apes and monkeys in popular culture and wanted to create a unique and interesting NFT collection that could be enjoyed by the public. The artist used the Ethereum blockchain to create the Bored Ape Yacht Club NFTs, and the collection quickly gained popularity among digital art enthusiasts and investors alike.

Where Were They Sold ?

The Bored Ape Yacht Club NFTs were first sold on the OpenSea marketplace, which is a popular online platform for buying, selling, and trading NFTs. Since then, the collection has been sold on other popular NFT marketplaces, such as Rarible and SuperRare, as well as in private sales between collectors and investors.

OpenSea Screenshot Bored Ape Yacht Club — Source : OpenSea

Record Prices for Bored Ape Yacht Club NFTs

The BAYC NFT collection has seen some record-breaking prices for its digital artworks. At launch, Bored Apes had a floor price, the minimum price at which an NFT can be acquired, of 0.08 ETH or around $220. However, the floor price is now 61.5 ETH, or around $111,116. The most expensive Bored Ape NFT ever sold is Bored Ape #8817, which was sold for $3.4 million during a Sotheby’s auction in October 2021.

Several others have been sold for more than $600,00. These high prices reflect the popularity of the Bored Ape Yacht Club NFT collection and the demand for unique and valuable digital artworks.

Famous Persons Who Own Bored Ape Yacht Club NFTs

Bored Apes have been bought and collected by many famous people, including tech executives, musicians, and athletes. Some notable names include Mark Cuban, Snoop Dogg, and DJ 3LAU, who have all expressed their love for the BAYC NFTs and their investment in the collection.

How Many NFTs Were Created ?

The Bored Ape Yacht Club NFT collection initially consisted of 10,000 NFTs, with each one featuring a unique digital artwork of a Bored ape. Since then, the collection has grown, with new NFTs being added regularly.

The Bored Ape Yacht Club NFT collection has taken the digital art world by storm and has become one of the most popular and valuable NFT collections on the market. Its unique and quirky digital artworks have attracted a large following, and its high prices have made it a sought-after investment for collectors and investors alike. With its growing popularity and the continued growth of the NFT market, the future looks bright for the Bored Apes collection. Whether you’re a collector, an investor, or just a fan of digital art, there’s no denying the impact that the BAYC NFTs have had on the world of NFTs.

Discover more on their official website.