The Bored Ape Yacht Club, or BAYC, is a group of 10,000 Bored Ape NFTs, which basically represent and provide ownership rights to pictures of bored apes. Each of these Bored Ape is one-of-a-kind, with over 170 different qualities to choose from, including expression, hat, attire, and more.
A Bored Ape NFT also serves as a Yacht Club membership card, granting benefits accessible only to the members like THE BATHROOM (a collective graffiti board where members can color 1 pixel every 15 minutes on a digital bathroom Wallet). Bored Ape Yacht Club NFT owners must be signed into their Metamask Wallet to access member-only sections. The community can access future regions and bonuses by activating the roadmap.
With public figures investing in this new trend, attention from the masses is inevitable. Eminem, The Chainsmokers, Steve Aoki, Steph Curry, Shaquille O’Neal, and Gwyneth Paltrow are a few names that have bought these ape NFTs, making it less of a shock when Jimmy Fallon bought one for $216,000!
One Bored Ape NFT costs around 0.08 ETH. The Ethereum blockchain is used to store Bored Ape Yacht Club NFT’s as ERC-721 tokens and is hosted on the Inter Planetary File System (IPFS).
What About Those Bored Ape Yacht Club Mutant Apes?
Not Bored Ape Yacht Club Mutant Apes, but Mutant Ape Yacht Club would be the correct term to address the collection of ape NFTs that look like zombies. People who bought Bored Ape Yacht Club NFTs from the original 10,000 ape NFTs were randomly given vials with the mutant serum of random tiers (M1, M2, and M3).
If an ape was given M1 or M2 mutant serum, it may produce a new mutant Ape with certain characteristics similar to its original form. M3 serum bottles, on the other hand, have the potential to develop a whole new mutant Ape that is unrelated to the original, potentially making it even rarer.
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So, Why Are These ‘Ape NFTs’ Becoming Popular?
Celebrity influence plays a big role in making something popular. However, the popularity of the these ‘Ape NFTs’ is not limited to celebrity attention but how they seem to be useful to most of the buyers!
In this case, buyers could sell the Ape NFTs for a higher price after upgrading them to Mutant Apes (currently holding a floor price of 24.45 ETH). People can also adopt dogs with the Bored Ape Kennel Club which currently holds a floor price of 9.69 ETH.
A collection turns into a status symbol once it reaches a particular degree of worth. The BAYC phenomenon was also noticed when people (especially those already involved in the Cryptocurrency and NFT world) started changing their Twitter profiles altogether with these ape arts boasting about their entry to the club.
With brands like Adidas buying a Bored Ape Yacht Club NFT, and displaying it on the company’s Twitter profile, shows that BAYC has successfully become a part of the NFT world!
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