DIKSIA.COM - If you are interested in the world of NFTs, or non-fungible tokens, you have probably heard of the Bored Ape Yacht Club, or BAYC for short. This is one of the most successful and innovative NFT projects that has taken the crypto space by storm. In this article, we will explain what the Bored Ape Yacht Club is, why it is so popular, and how you can join the club and become a part of the NFT revolution.
What is the Bored Ape Yacht Club?
The Bored Ape Yacht Club is a collection of 10,000 unique digital apes, each with its own personality, traits, and accessories. These apes are NFTs, which means they are unique digital collectibles that live on the Ethereum blockchain. Each ape is represented by a high-resolution image that is stored on a decentralized file system called IPFS. The owner of each ape can prove their ownership and authenticity by using their Ethereum wallet address.
The Bored Ape Yacht Club was launched in April 2021 by a team of anonymous developers who go by the name of Yuga Labs. The initial sale of the apes was done through a smart contract that randomly assigned an ape to each buyer for a fixed price of 0.08 ETH (about $200 at the time). The sale was sold out in less than a day, generating over $2 million in revenue for the creators.
However, the Bored Ape Yacht Club is more than just a collection of digital art. It is also a social club that grants access to exclusive benefits and perks for its members. By owning a Bored Ape, you automatically become a member of the yacht club, and you can enjoy the following advantages:
- Access to the Bathroom, a collaborative graffiti board where you can draw and write anything you want with other members.
- Access to future areas and features that will be unlocked by the community through roadmap activation.
- Access to the Bored Ape Kennel Club, a collection of 10,000 unique dog NFTs that were given for free to ape owners in August 2021.
- Access to the Mutant Ape Yacht Club, a collection of 20,000 unique mutant ape NFTs that were created by burning apes or using serums that were distributed to ape owners in September 2021.
- Access to exclusive merchandise, events, collaborations, and partnerships with other brands and celebrities.
- Access to a vibrant and supportive community of fellow ape owners who share their passion, creativity, and generosity.
Why is the Bored Ape Yacht Club so popular?
The Bored Ape Yacht Club has become one of the most popular and valuable NFT projects in the crypto space, rivaling other famous collections such as CryptoPunks, Art Blocks, and NBA Top Shot.
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