What is a Bored Ape NFT?: The Celebrity’s NFT Choice

The Bored Ape Yacht Club (BAYC) are non-fungible tokens (NFT) seen as status symbols and inspired by CryptoPunks. The first of several initiatives that developed themed, multiple and rare characters. 

In the particular case of BAYC, it is a digital art that concentrates 10 thousand avatars of apes and has raised more than USD 750 million to date.

According to the CryptoSlam portal, celebrities, athletes, musicians and entrepreneurs have taken these monkeys or ape avatars, using them as profile pictures on their social media accounts like Twitter.

Digital files are validated using a non-replaceable token, based on Ethereum (ETH).  Thus, Bored Ape is not only a work of art endowed with rarity. It’s also a form of investment, with costs increasing at an impressive rate. 

Who designed Bored Ape Yacht Club? 

Bored Ape Yacht Club is an initiative of the American company Yuga Labs. They are based in Virginia and their idea has its origins in the famous trilogy “Ape World”, especially in the phrase “Monkeys United Strong” (2011). The main ideas was fromGreg Solano and Wylie Aronow.

On the other hand, three of the four main nicknames, make up the accessories hidden behind the animated monkeys. 

  • Emperor Tomato Kétchup
  • Gargamel
  • Gordon Goner
  • No Sass

Therefore, each BAYC NFT is based on Ethereum’s ERC-721 token standard and not on the ERC-20, like other projects. In this way, the ETH token is the currency used by the club. 

Additionally, Yuga Labs aims to provide additional functionality to NFT owners. While its products and services are built to support bayc’s uniqueness, it is why it is spreading to ever-increasing standards. Likewise, each monkey theme represents different characters and traits seen in a futuristic crypto club

Why is Bored Ape Yacht Club so expensive and popular? 

The art of these bored ape NFTs  combines points of society, exceptionality and striking and outstanding capital. In addition, apes are a status sign within the blockchain universe. Perhaps, what makes these NFTs so special is that they act as a key to entering a private club, home to many celebrities, as well as unique events. 

According to data from DappRadar, this NFT project has sold the astronomical figure of USD 877 million, while the minimum cost of a single one is 72 ETH and the standard is between 100 and 120 ETH. To date, the most expensive is No. 2087, which sold for 769 ETH (USD 3 million), at the end of 2021.

TOP Bored Ape Yacht Club Celebrities

This creative idea is becoming increasingly popular, because some celebrities such as entrepreneur Mark Cuban, artists Post Malone and Justin Bieber and NBA stars Steve Curry and Shaquille O’Neal, have acquired one or full series of Bored Ape NFT. Other famous owners of these works are Eminem, Paris Hilton, Jimmy Fallon.

Jimmy Fallon: BAYC #599

The host of “The Tonight Show” acquired a BAYC ape with heart glasses, resembling a ship captain, through the Moonpay crypto payment solution. Fallon bought his NFT for 46.6 ETH (USD 220,000), joining the list of celebrities, who have bought and endorsed this plan.

Snoop Dogg: BAYC #7723

The rapper joined the bored monkey club in the last month of the year 2021, once he bought bayc #7723, along with 2 mutant apes, which he added to his collection of Art blocks. 

Paris Hilton: BAYC #1294

The U.S. actress acquired a collectible for 119 ETH ($275,000) long before other celebrities. It was a The Bored Ape with red fur, dark glasses and a chained hat. Then, in 2020, she sold it and since then she has been open to investing in more NFT. 

Stephen Curry: BAYC #7990

The triple NBA champion is rated as the best athlete to have participated in BAYC, after he bought a Bored Ape for 55 ETH, about USD 180,000, in August 2021. The bored monkey of the co-creator of the TV show “Holey Moley”, integrates the eyes of the living dead, blue fur and a tweed suit.

Mark Cuban: BAYC # 1597

Team owner Dallas Mavericks is a fan of cryptocurrencies and NFTs. In May 2021 he bought a Bored Ape for a dear price of USD 250,000. The billionaire’s ape is boring-eyed, unshaven beard and wearing a Hawaiian shirt.

Shaquille O’Neal: MAYC #14452

The legendary NBA star and influential celebrity bought, in September 2021, his overalls for 4.8 ETH, by then valued at about $20,000. O’Neal’s mutant ape is brown-skinned and sports a jacket.

Dez Bryant: BAYC #2902

One of the NFL’s few stars bought BAYC #2902 in July 2021, a collectible that to date costs $250,000. Notable aspects of the jumpsuit integrate sunglasses and a monarch’s crown.

How to buy Bored Ape Yacht Club? 

To acquire one of these digital assets, you just have to follow the simple instructions below. 

  • Open an account with an online cryptocurrency exchange like OpenSea. Remember that you must own enough Ethereum (ETH) in your wallet.
  • OpenSea can be linked to a crypto wallet like MetaMask, where you can store your ETH. 
  • Deposit your Ethereum into your MetaMask wallet.
  • Log in to your OpenSea account and select “Buy Now”. 

You might be tempted to get an NFT now that you know the basics of BAYC If you have the money, do it!

Conclusion: at the top of the NFT

On March 11, Yuga Labs acquired CryptoPunks and Meebits from Larva Labs to further develop its NFT ecosystem, as well as continue to grow in revenue and audience, thanks to the arts of Bored Ape Yacht Club.

In this way, it consolidates its position as a leader in the NFT market, without neglecting other investments that lead it as a company to position itself, in the short term, in the metaverse and the web3.