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.
There are several reasons why the Bored Ape Yacht Club has achieved such a high level of success and recognition, such as:
The quality and diversity of the art
The Bored Apes are designed with a high level of detail and creativity, featuring various expressions, backgrounds, outfits, and accessories. Each ape is unique and has its own rarity and appeal. Some of the rarest traits include gold fur, trippy fur, laser eyes, and halo. The apes also have a distinct style and vibe that is inspired by pop culture, street art, and hip hop.
The innovation and gamification of the project
The Bored Ape Yacht Club is constantly evolving and adding new features and elements to the project. The creators have introduced new ways to interact with the apes, such as mutating them, breeding them, and dressing them. They have also created a dynamic and engaging roadmap that involves the community in unlocking new areas and perks. The project also leverages the power of smart contracts and blockchain technology to ensure the security, transparency, and immutability of the apes and their ownership.
The community and culture of the project
The Bored Ape Yacht Club has built a loyal and passionate fan base that is actively involved in the project and its development. The ape owners are proud of their membership and identity, and they often display their apes as their profile pictures on social media and other platforms. The community is also very supportive and generous, often helping each other, donating to charities, and collaborating on various initiatives. The project has also attracted the attention and participation of many celebrities, influencers, and athletes, such as Jimmy Fallon, Post Malone, Steph Curry, and Deshaun Watson.
How to join the Bored Ape Yacht Club?
If you want to join the Bored Ape Yacht Club and become a part of the NFT revolution, you will need to acquire a Bored Ape NFT. However, this is not as easy or cheap as it sounds. Since the initial sale of the apes was sold out, the only way to get an ape now is to buy it from the secondary market, where the prices have skyrocketed due to the high demand and limited supply.
The main platform where you can buy and sell Bored Apes is OpenSea, the largest NFT marketplace. On OpenSea, you can browse through the available apes, filter them by price, rarity, traits, and other criteria, and place a bid or an offer. To use OpenSea, you will need to have an Ethereum wallet, such as MetaMask, and some ETH to pay for the ape and the gas fees.
The current floor price of a Bored Ape, which is the lowest price at which you can buy one, is around 40 ETH, or about $140,000 at the time of writing. This is a huge increase from the original price of 0.08 ETH, and it shows how much the value of the apes has appreciated over time. Of course, some apes are more expensive than others, depending on their rarity and popularity. The most expensive ape ever sold was Bored Ape #3749, which features a solid gold fur and a blue bandana. It was sold for a whopping 740 ETH, or about $2.6 million, in September 2021.
Buying a Bored Ape is not a trivial decision, and it requires a lot of research, patience, and capital. However, if you manage to get your hands on one, you will not only own a piece of digital art, but also a ticket to a unique and exciting club that offers many benefits and opportunities. You will also become a part of a growing and thriving movement that is reshaping the future of art, culture, and entertainment.
I hope you enjoyed this article and learned something new about the Bored Ape Yacht Club. If you did, please share it with your friends and let me know what you think in the comments. Thank you for reading!
