What is Bored Ape Yacht Club?

NFTs (non-fungible tokens) are exploding in popularity, making and destroying fortunes in the blink of an eye.

With the growing use of cryptocurrencies, creatives have decided to sell their content as NFTs – and Bored Ape Yacht Club is one of the leading players in the industry.

Bored Ape Yacht Club is a collection of NFTs


Bored Ape Yacht Club is a collection of NFTsPhoto credit: Reuters

1. What is Bored Ape Yacht Club?

Created by Yuga Labs, Bored Ape Yacht Club (BAYC) is a collection of 10,000 profile pictures sold as NFTs.

The NFTs take the form of unique monkey avatars that act as title deeds, allowing members to prove they own the only version of the image.

In BAYC’s case, each avatar is a different disinterested-looking monkey, each one being randomly generated so no two look alike.

Little-known iPhone hack lets you customize your screen with cute emojis
Inside Logan Paul's INCREDIBLE £4million NFT collection including expensive CryptoPunks

2. Who owns the Bored Ape Yacht Club?

Behind the purchase of one of these avatars is membership in an exclusive society or social organization.

Membership gives you access to an exclusive Discord server where you can interact with the other NFT owners – including celebrity members.

Yuga Labs also offered its members free additional NFT collectibles in the form of Bored Ape Kennel Club and Mutant Ape Yacht Club NFTs.

The first batch of avatars sold brought in around $2 million and has since grossed nearly $100,000 in retail.

BAYC officially launched on April 30th and within a day all 10,000 NFTs were sold out.

CryptoPunks are the original makers of Ethereum NFTs, having created them back in 2017, but in the short time they have been with BAYC, they have already become the second most popular profile picture NFT on the market.

Celebrities with skin are Serena Williams, Snoop Dogg and soccer superstar Neymar.

3. How to buy Bored Ape Yacht Club

Bored Ape Yacht Club NFTs are generally available through secondary markets such as OpenSea.

If you visit the OpenSea project page you can see the entire collection of Bored Ape Yacht Club, Bored Ape Kennel Club and Mutant Ape Yacht Club NFTs available for purchase.

We have 21 kids - how we keep everything running smoothly and manage our massive stores
I'm a doctor - here's why you should never share a towel and when to be wary of pools

The NFTs are either listed at a fixed price or auctioned and you need an Ethereum wallet to buy them.

You also need enough ETH – Ethereum’s native crypto – to cover the purchase price and gas transaction fee.

The best tips and hacks for phones and gadgets


Looking for tips and hacks for your phone? Want to find these secret features in social media apps? We’ve got you covered…

Get the latest news about WhatsApp, Instagram, Facebook and other tech gadgets here.

We pay for your stories! Do you have a story for The Sun Online Tech & Science Team? Email us at tech@the-sun.co.uk

https://www.thesun.ie/tech/7832075/what-bored-ape-yacht-club/ What is Bored Ape Yacht Club?

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button