Bored Ape Yacht Club NFT tracker, sales volume, floor values, price charts, rarity

Metadata for NFTs is information about and descriptions of a token that the NFT creator supplies. Eminem is the latest celebrity to flaunt a Bored Ape Yacht Club NFT as a social media profile picture. The higher the floor price on a collection, the more crypto-rich traders you can expect to be holders. These savvy investors trade information within locked Discord groups, providing valuable tips to one another. Some people think they’ll revolutionize the internet, at last allowing digital goods to be bought and sold like real-world, physical products. Yuga Labs, the company behind the NFT collection, has already expanded the ecosystem to include a cryptocurrency .

As with the CryptoPunks, we could say that the Bored Ape Yacht Club have reached the Olympus of NFTs and have gone from being simple digital collectibles to becoming true status symbols. And it is that in a world in which everything tends to be digitized, the ostentation mechanisms end up suffering the same fate. Bored Apes have been documented by the media as one of the more prominent NFTs. In December 2021, the Bored Ape Yacht Club overtook CryptoPunks as the highest-priced NFTs. Universal Music Group has signed a band composed of three Bored Apes and one Mutant Ape. BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain.

This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion. Various celebrities have purchased these non-fungible tokens, including Justin Bieber, Jimmy Fallon, Snoop Dogg, Eminem, Gwyneth Paltrow, Madonna, Neymar, Paris Hilton, Timbaland, and Steve Aoki. Remember that on our website we calculate the floor price aggregating price data feeds from the main marketplaces. In the “floor price” field you will always have a link that will redirect you to the market with the lowest ask price – so that you can acquire the cheapest Bored Ape seamlessly and easily at any moment.

Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation. The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Bored Ape Yacht Club is a collection of NFTs on Ethereum, made up of 10,000 unique avatars with varying levels of rarity determined by a combination of randomly generated attributes. As we have already explained, one of the characteristics that differentiate this Yuga Labs project from previous ones such as CryptoPunks is that the NFTs work as membership tokens of an exclusive club. Being a Bored Ape holder opens the door for you to participate in events, access airdrops such as the $APE token, and many other advantages.

The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm. Last but not least is the community that’s built around a collection. The more valuable people find belonging to that community, the less they’ll want to sell their NFT.

Why are Bored Ape Yacht Club NFTs valuable?

On April 30, 2022, Yuga Labs launched its metaverse Otherside, as a collaboration with Animoca Brands. Bored Ape NFTs feature in the music video for Eminem and Snoop Dogg’s song “From the D 2 the LBC”. On March 11, 2022, it was announced that Yuga Labs acquired all of the CryptoPunks and Meebits intellectual property for an undisclosed sum.

Yuga Labs stated they were granting complete commercial rights to CryptoPunks owners. Aronow clarified that apes were chosen as a mascot for the NFT because of the cryptocurrency phrase aping in, meaning to buy into a new currency or NFT with abandon, risking a significant amount of money. Solano and Aronow brought in two friends of theirs, No Sass and Emperor Tomato Ketchup, programmers who could handle the blockchain coding. The latter two were knowledgeable in computer science, having studied the field at the same university Solano attended; however, they “were not crypto-savvy,” having both written their first lines of Solidity code, a language used for smart contracts, in February 2021.

The community that has gathered around the project has organized events in various cities in the US, and also in other regions of the world such as the United Kingdom and Hong Kong. One example would be parties to be held on a yacht and in a former Brooklyn Steel warehouse that would include a performance by The Strokes, Beck and Lil Baby during New York NFT week in November 2021. While the creators of the CryptoPunks present them as an artistic project, Bored Ape Yacht Club has taken a more commercial approach from the beginning. The idea is to develop a powerful brand that in the future could compete with large global franchises such as Marvel or Disney.

Adidas launched “Into the Metaverse,” its native digital collectible, in partnership with best cryptocurrency trading sites, Gmoney, and PUNKS Comic. Following the partnership, BAYC uploaded an image of a Bored Ape wearing an Adidas jacket on Twitter; Gmoney also tweeted a silhouette picture that had an Adidas sweatshirt on; PUNKS Comic tweeted a picture of a character wearing a shirt with the Adidas logo imprinted on it. The collection exists on the Ethereum blockchain and contains 10,000 unique NFTs derived from 172 unique assets. Membership to the club includes access to THE BATHROOM , a digital graffiti board where users commonly “draw dicks,” according to the founder. The NFTs were originally sold for 0.08 ether each, around $190 at the time of their April 2021 launch and were sold out in 12 hours. DeveloperYuga Labs LLCPlatformEthereumReleaseApril 30, 2021GenreCollectableBored Ape Yacht Club, often colloquially called Bored Apes, Bored Ape or BAYC, is a non-fungible token collection built on the Ethereum blockchain.

Those Bored Ape that present scarcer attributes -that is, they are present in a smaller number of NFTs- will be more expensive than those that are characterized by combining more common attributes. Many kinds of transactions can use them, and they may create new markets in the future. Ethereum is a blockchain-based software platform with the native coin, ether.

Bored & Hungry Restaurants Deny Reports That They Are Not Accepting Crypto

But what both collections do share is the fact that they belong to the PFP category which, as the name suggests, are perfect for being used as a profile picture on social networks. lcg broker opiniones BAYC has enticed several celebrities and brands to own pieces of its NFT collection. Adidas is one of the brands contributing to the hype surrounding the NFT collection.

• In late 2021, the popularity of Bored Apes spurred copycat NFT projects.
• Two of the founders of BAYC, going by the pseudonyms “Gargamel” and “Gordon Goner”, describe themselves as “literary bros”.
• One of the distinctive features of the Bored Ape NFT, compared with other NFT collections, is its utilities.
• To buy a Bored Ape token and be part of the exclusive club, visit a platform where the BAYC collection is listed, such as OpenSea.
• Various celebrities have purchased these non-fungible tokens, including Justin Bieber, Jimmy Fallon, Snoop Dogg, Eminem, Gwyneth Paltrow, Madonna, Neymar, Paris Hilton, Timbaland, and Steve Aoki.

All Seeing Seneca, or simply Seneca, an Asian-American artist is credited as the lead designer of the artwork featured in Bored Ape NFTs. Seneca clarified that she was not the sole illustrator of the artwork, but the “lead artist of the original collection” and that the ape’s body is “exactly line-for-line” her drawing. As BAYC “has made it clear that NFT holders have full commercialization rights to their ape,” Bored Apes differ from other NFTs in that “whoever owns a Bored Ape can spin it into whatever film, music, TV, book, or media project they want.” Gargamel and Gordon Goner, the two co-founders, would turn out to be Greg Solano and Wylie Aaronow, two thirtysomething lovers of literature and philosophy -especially the works of David Foster Wallace and the Austrian philosopher Ludwig Wittgenstein. Coincheck is a Tokyo-based cryptocurrency exchange and digital wallet founded in 2012. In April 2022, the official Instagram account and Discord server of Bored Ape Yacht Club were hacked, and a phishing link was posted on both BAYC platforms.

The term “rarity” gauges how unusual an NFT is within a collection with an assigned number. In the BAYC collection, there are more than 160 traits, and each ape may have four to seven trait categories. These traits are background, clothes, earrings, eyes, fur, hat, and mouth. Whether the Bored Ape collection is truly worth millions of dollars has been hotly debated. But, in fact, rarity, celebrity endorsements, and utilities and perks have driven the collection’s value up.

Bored Ape Yacht Club Traits

Gargamel is Greg Solano, a writer and book critic, and Gordon Goner is 35-year-old Wylie Aronow. Both went on to post pictures of themselves on Twitter alongside their Bored Apes. Following that, Emperor Tomato Ketchup and Sass both “doxxed” themselves — that is, revealed their identity — by doing the same. At the time, Yuga Labs consisted of four people, all of whom went by pseudonyms. There’s Gordon Goner and Gargamel, who are the two co-founders, and two friends who helped on the development side, No Sass and Emperor Tomato Ketchup.

If the order is confirmed, the ownership of the ape will be transferred to you. At the time of launch, a BAYC cost 0.08 Ether , the native cryptocurrency of the Ethereum platform, which was equivalent to $220 at the time. It sold out within 12 hours; by mid-October 2022, it had climbed to a “floor price” of 76 ETH, or approximately $100,418. The Bored Ape Yacht Club, which was launched in 2021, is similar to pieces of artwork sold physically; however, these pieces exist only digitally and are one of a kind because they live on the blockchain—which allows ownership. Bored Ape Yacht Club, popularly called BAYC, is a collection of 10,000 non-fungible tokens on the Ethereum blockchain. These NFTs are graphical representations of cartoon-like apes that are distinctive in their metadata, which includes the characters’ backgrounds, earrings, clothes, fur, and eyes.

Bored Ape Yacht Club Community Stats

For instance out of 10,000 apes only 46 have solid gold fur, making these particularly valuable. Pioneered by CryptoPunks in 2017, NFT collections are a little like Pokemon cards. You have a set amount — usually between 5,000 and 10, which all have the same template, but each has different attributes that make them unique. In the case of BAYC, there are 10,000 apes, each with varying fur types, facial expressions, clothing, accessories and more. Each attribute has a rarity component, which makes some much more valuable than others.

Two of the founders of BAYC, going by the pseudonyms “Gargamel” and “Gordon Goner”, describe themselves as “literary bros”. The two told The New Yorker they initially bonded by arguing about the work of David Foster Wallace. In an interview with CoinDesk, “they evoked Austrian-British philosopher Ludwig Wittgenstein’s idea of the unutterable to describe .” The two of them grew up together in Miami.

Among all these attributes, the type of skin has emerged among collectors as the most decisive when determining the valuation of the collectible. Specifically, the exponents of golden skin and psychedelic are the ones that have reached the highest valuations . In this article, we’ll take a look at what Bored Ape Yacht Club are, review their origins as a collection of NFTs, explore their distinguishing features, and show you what metrics are important to consider before proceeding to purchase your first Ape. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. Each NFT has traits which are ranked by rarity, making some more valuable than others. Each has different attributes, some rarer than others, that makes them unique.

The OpenSea NFT marketplace banned both projects in December 2021. In February 2022, Bored Wukong was accused of copycat NFT avatars. Solano and Aronow went to Twitter, commenting they were doxxed and uploaded images of themselves next to their Bored Ape profile pictures. Solano is a writer and editor, while No Sass and Emperor Tomato Ketchup are programmers. Aronow, the son of boat tycoon Donald Aronow, has been documented as planning to attend an MFA program, before falling ill and becoming a cryptocurrency day trader.

In December 2021, the Bored Ape Yacht Club partnered with Animoca, a blockchain gaming firm, to launch a play-to-earn game using the BAYC NFT. The exclusivity that comes with the token’s perks makes Bored Ape Yacht Club much more valuable in price than many other NFTs. Other celebrities who bought BAYC beyond those mentioned include billionaire Mark Cuban, prominent Twitter personality and DJ Steve Aoki, Twitter personalities and musicians Post Malone and Mike Shinoda, and producer and songwriter Timbaland. Rarity, utilities, and celebrity endorsement drive the high price of the BAYC collection. The actual art was created by freelance artist Seneca, who’s not part of Yuga Labs. All four went exclusively by their pseudonyms until February, when BuzzFeed reported the identities of Gordon Goner and Gargamel.

Although Yuga Labs filed this lawsuit in a US court, they did not seek copyright protection in the US and algorithmically generated images like BAYC are not subject to US copyright protection. But not only that, there are also those who want to see in the collection the germ of a cultural is binance safe franchise with enormous potential, something like a Star Wars of the Metaverse -especially now that Yuga Labs is about to launch Otherside, its own metaverse proposal. OpenSea is the largest non-fungible token marketplace, offering the ability to buy, sell, create, and trade.