The popularity of NFTs, which is seen as a different extension of crypto assets, is increasing day by day. Values appraised for digital artworks reach millions of dollars. Bored Ape Yacht Club (BAYC) is one of the first NFT content platforms that come to mind. These NFTs, consisting of monkey avatars, have a very high following.
Each of the NFT avatars that exploded in 2021 sold for millions of dollars and generated billions of dollars worth of bulk transaction volume.
Founded in 2017, CryptoPunks are OG Ethereum NFTs. BAYC, inspired by CryptoPunks, is among the big projects.
According to data from CryptoSlam, Bored Ape NFTs generated more than $750 million in trading volume. Athletes, artists and people from many different industries have changed their Twitter profile picture to the NFT avatar they bought.
Here’s what you need to know about Bored Ape Yacht Club, Mutant Ape Yacht Club and Bored Ape Kennel Club and how to buy them.
Developed by Yuga Labs, BAYC is a collection of 10,000 digital images printed as NFTs on the Ethereum blockchain. Buyers get a bored-looking monkey painting with different randomly generated features and accessories.
There are several popular NFT avatar collections that have appeared recently, including BAYC, Pudgy Penguins, and 0N1 Force. But Bored Apes has caught an avid collector base, and it also has many advantages.
What makes them so special?
Bored Ape Yacht Club appears as a private community or social organization, and owning one of these NFTs unlocks club membership. It gives users access to a private Discord server where, for example, other owners, including celebrities, hang out and chat. Buyers tend to congregate on social media, where increasingly familiar avatars unite a kind of digital fraternity.
Owning a Bored Ape NFT gives you access to additional collections of NFTs that can then be resold in substantial quantities. Yuga Labs first offered free Bored Ape Kennel Club dog NFTs to Bored Ape owners, and then released free “mutant serum” NFTs that created a Mutant Ape Yacht Club image. All these benefits can be enjoyed by subscribing and paying a one-time fee for NFTs and benefits.
How to buy Bored Ape Yacht Club monkeys?
BAYC NFTs are available through NFT platforms, especially OpenSea. You can visit the project page to view the entire collection on Fore Ape Yacht Club, Fore Ape Kennel Club or Mutant Ape Yacht Club OpenSea.
Some go on sale for a fixed price, while others can be put up for auction. You will need an Ethereum wallet like MetaMask to purchase NFT on the site and ETH to cover the Ethereum gas transaction fee.
BAYC, which has been around since April 2021, was the second most popular profile picture NFT collection in terms of trading volume at the time of publication, after CryptoPunks.
There are a lot of well-known people who use their Bored Ape Yacht Club NFT as their social media avatar. Three-time NBA champion Stephen Curry bought $180,000 worth of Ethereum in August 2021. NBA stars Josh Hart and Tyrese Haliburton, as well as NFL players Dez Bryant and Von Miller, have joined the list of athletes with NFT. Musicians like The Chainsmokers, Waka Flocka Flame, and Jermaine Dupri also own Apes.
Arizona Iced Tea also purchased a Bored Ape Yacht Club NFT and used it as marketing material.
Yuga Labs has given current Bored Ape owners a free Mutant Ape NFT, “mutant serum.” Besides, it has released 10,000 new Mutant Apes that anyone can buy for 3 ETH. The entire collection sold out within an hour in late August 2021, making $96 million in the process.