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What is Bored Ape Yacht Club?

If you have been following the NFT craze, you might have heard of Bored Ape Yacht Club, or BAYC for short. It is one of the most successful and influential NFT collections in the world, with a loyal fan base and a thriving community. But what exactly is Bored Ape Yacht Club, and why are people paying millions of dollars for digital images of apes?

Bored Ape Yacht Club is a collection of 10,000 unique NFTs that depict cartoon apes with different characteristics, such as fur color, clothing, accessories, and facial expressions. Each ape has its own rarity and personality, making it a collectible digital artwork. The collection was created by four friends who go by the pseudonyms Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass. They launched the project in April 2021 on the Ethereum blockchain, selling each ape for 0.08 ETH (about $190 at the time).

However, owning a Bored Ape is more than just owning a piece of art. It also grants you access to an exclusive club with various benefits. As a Bored Ape owner, you can join online clubhouses where you can chat with other owners, collaborate on projects, and participate in activities. You can also attend real-world events that are organized by the creators or the community, such as concerts, parties, art shows, and more. Moreover, you have full intellectual property rights to your ape, meaning you can use it for any creative or commercial purpose you want.

How to buy and sell Bored Ape NFTs?

Where to buy Bored Ape NFTs?

If you want to join the Bored Ape Yacht Club, you will need to buy a Bored Ape NFT from someone who already owns one. Since all 10,000 apes were sold out within hours after their launch, the only way to get one now is through the secondary market. The most popular marketplace for buying and selling Bored Ape NFTs is OpenSea , which is like eBay for NFTs. You can browse through thousands of listings, filter by price, rarity, traits, and other criteria, and bid or buy with ETH or other cryptocurrencies.

Another option is to buy a Bored Ape NFT directly from another owner

Another option is to buy a Bored Ape NFT directly from another owner through a peer-to-peer transaction. You can find potential sellers on social media platforms, such as Twitter, Discord, or Reddit, where Bored Ape owners and fans hang out and share their apes. You can also use services like NFT Trader or NFT Swap that allow you to exchange your NFTs with other users without using a marketplace.

How much are Bored Ape NFTs worth?

The value of Bored Ape NFTs depends on several factors, such as the rarity of the traits, the popularity of the ape, the demand and supply of the market, and the overall sentiment of the community. According to OpenSea, the average price of a Bored Ape NFT as of June 2023 is about 16 ETH (about $40,000), which is a 200x increase from the original price. However, some apes have sold for much more than that, reaching record-breaking prices in the millions of dollars.

For example, in May 2023, a Bored Ape with a gold fur and a trippy hat sold for 600 ETH (about $1.5 million) on OpenSea, making it the most expensive Bored Ape NFT ever sold at the time. In June 2023, a Bored Ape with a blue fur and a halo sold for 740 ETH (about $1.9 million) on OpenSea, breaking the previous record. And in July 2023, a Bored Ape with a zombie fur and a crown sold for 1,000 ETH (about $2.5 million) on OpenSea, setting a new all-time high. These are just some examples of the incredible prices that Bored Ape NFTs can fetch in the market.

What are the benefits of owning a Bored Ape NFT?

Access to members-only areas and events

One of the main benefits of owning a Bored Ape NFT is that you can access exclusive areas and events that are reserved for Bored Ape owners only. For instance, you can join the Bored Ape Yacht Club website , which is an online clubhouse where you can chat with other owners, play games, watch videos, and more. You can also access the Bored Ape Kennel Club website , which is another online clubhouse where you can interact with your Mutant Ape or Dog NFTs that are related to Bored Ape Yacht Club.

Besides online clubhouses, you can also attend real-world events that are organized by the creators or the community of Bored Ape Yacht Club. For example, in August 2023, there was a Bored Ape Yacht Club party in New York City , where hundreds of owners gathered to celebrate their apes, meet the creators, and enjoy live music and art. There are also plans to host more events in other cities and countries in the future, such as London, Paris, Tokyo, and more.

Intellectual property rights and commercialization opportunities

Another benefit of owning a Bored Ape NFT is that you have full intellectual property rights to your ape, meaning you can use it for any creative or commercial purpose you want. You can create and sell merchandise featuring your ape, such as t-shirts, hats, stickers, posters, and more. You can also use your ape as your avatar or profile picture on social media platforms, such as Twitter, Instagram, Discord, or Reddit. You can even create and sell derivative works based on your ape, such as music, videos, comics, games, and more.

Many Bored Ape owners have taken advantage of this opportunity and have created successful businesses and brands around their apes. For example, For example, Jimmy Mcnulty, the owner of a Bored Ape with a blue fur and a bandana, has created a rap album called Bored Ape Mafia , featuring his ape as the cover art and the main character. He has also sold over $100,000 worth of merchandise related to his ape and his music. Another example is The Bored Ape Cookbook , a collaborative project by several Bored Ape owners who have created and shared recipes inspired by their apes. The cookbook has been published as a physical book and an NFT, and has raised over $50,000 for charity.

What is the future of Bored Ape Yacht Club?

Expansion into other NFT collections and projects

The success of Bored Ape Yacht Club has led to the creation of other NFT collections and projects that are related to it. For instance, in August 2023, the creators of Bored Ape Yacht Club launched Bored Ape Kennel Club , which is a collection of 10,000 unique NFTs that depict dogs with different traits and backgrounds. Each dog NFT was given for free to a Bored Ape owner, creating a strong bond between the two collections. The dogs also have their own benefits, such as access to the Bored Ape Kennel Club website and future perks.

In September 2023, the creators of Bored Ape Yacht Club launched Mutant Ape Yacht Club , which is a collection of 20,000 unique NFTs that depict mutant apes with different traits and backgrounds. Each mutant ape NFT was either minted by burning a serum NFT that was given to a Bored Ape owner, or bought from the secondary market. The mutant apes also have their own benefits, such as access to the Mutant Ape Yacht Club website and future perks.

Development of a metaverse game and a cryptocurrency

The creators of Bored Ape Yacht Club have also announced their plans to develop a metaverse game and a cryptocurrency that are based on their NFT collections. The metaverse game will be a virtual world where Bored Ape owners can explore, socialize, and play with their apes, dogs, and mutants. The game will also feature quests, challenges, rewards, and events that will enhance the experience and the value of the NFTs. The cryptocurrency will be a token that will be used to power the game and the ecosystem of Bored Ape Yacht Club. The token will also enable governance, utility, and community features for the holders.

Conclusion

Bored Ape Yacht Club is more than just an NFT collection. It is a cultural phenomenon that has captured the imagination and the passion of thousands of people around the world. By owning a Bored Ape NFT, you are not only owning a digital artwork, but also joining an exclusive club with various benefits. You are also supporting the vision and the innovation of the creators who are constantly expanding and developing their NFT collections and projects. If you are interested in becoming a part of this amazing community, you can start by buying or selling a Bored Ape NFT on OpenSea or other platforms. You can also follow the official website , Twitter , Discord , or Reddit of Bored Ape Yacht Club for more updates and information.

FAQs

Q: How many Bored Ape NFTs are there?
A: There are 10,000 unique Bored Ape NFTs in total.
Q: How can I verify if a Bored Ape NFT is authentic?
A: You can check the contract address and the token ID of the Bored Ape NFT on Etherscan or OpenSea . The contract address should be 0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d , and the token ID should be between 1 and 10,000.
Q: What is the most expensive Bored Ape NFT ever sold?
A: The most expensive Bored Ape NFT ever sold is a zombie fur ape with a crown that sold for 1,000 ETH (about $2.5 million) on OpenSea in July 2023.
Q: What are some other NFT collections that are related to Bored Ape Yacht Club?
A: Some other NFT collections that are related to Bored Ape Yacht Club are Bored Ape Kennel Club , Mutant Ape Yacht Club , The Doge Pound , Cool Cats , CryptoPunks , and more.
Q
Q: How can I get involved in the Bored Ape Yacht Club community?
A: You can get involved in the Bored Ape Yacht Club community by joining their official Discord server , where you can chat with other owners, fans, and creators. You can also follow their official Twitter account , where you can get the latest news and updates. You can also join their official Reddit subreddit , where you can share your apes, stories, and ideas. You can also participate in their online and offline events, such as clubhouses, parties, art shows, and more.

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