$1 billion in total sales! Which is that NFT collection that generated this number? It is none other than Bored Ape Yacht Club (BAYC). Wylie Aronow and Greg Solano launched the limited edition collection of 10,000 apes in April 2021. Today, celebrities like Stephen Curry, Eminem, Jimmy Fallon, Paris Hilton, Travis Barker, and Justin Bieber own these eye-catching apes. Are you an entrepreneur who looks to rule the Web 3.0 era? Come out with a Bored Ape Yacht Club clone.
A synopsis of Bored Ape Yacht Club
- Launched on the Ethereum blockchain, BAYC includes 10,000 collectibles.
- A user who owns these attractive apes will also get a membership card to the Yacht Club.
- Subsequently, they gain access to the Bathroom, a collaborative graffiti board, and also receive perks.
- Are all the apes unique? Yes! They vary based on the background, cloth, eyes, mouth, and accessories like earrings, clothes, fur, and hats.
- Moreover, every Bored Ape is an algorithmically generated collectible. Besides that, investors can verify the authenticity of these ultra-rare ERC-721 NFTs. They can head over to Etherscan, a blockchain explorer on Ethereum.
- Users can check details about the contract address, the token ID, the transaction hash, and the time when transfers were made from one wallet address to another.
- Information about the number of holders, the minimum price in Ethereum (ETH) and US Dollars (USD), total supply, and history of transactions is available.
Where can investors purchase the Bored Ape Yacht Club (BAYC) collectibles?
- They should register on NFT marketplaces like BAYC. Currently, there are around 6300 owners for these ultra-rare apes and the trading volume has surpassed 389,900 ETH.
- Users need to bid for these rare collectibles after the auction starts. Subsequently, they need to sync their digital wallets like Coinbase Wallet, MetaMask, Trust Wallet, Portis, Fortmatic, Authereum, Dapper, Kaikas, Torus, etc.
- Investors should check the reserve price in Wrapped Ethereum (WETH) and US Dollars (USD), the expiration date and time of the sale, properties of the collectibles, and transfer the required amount.
- Besides that, NFT collectors can also tap the filter mechanism for sorting out BAYC collectibles.
- They can click options like Price (Minimum to Maximum in USD and ETH), Chains (Ethereum, Polygon, and Klaytn), Background (Purple, Yellow, Orange), Clothes (Striped Tee, Black T), etc.
- Moreover, buyers can also distinguish apes by choosing filters such as Eyes (Sleepy, Closed, and Sad), Fur (Brown, Dark Brown, and Black), Hat (Beanie, Fez, Cowboy Hat), and Mouth (Bored, Grin, and Dumbfounded).
- Undoubtedly, Bored Ape Yacht Club (BAYC) has witnessed huge growth in recent times. For instance, the 90-day trading volume of the NFT collection has crossed 175,923 Ethereum (ETH).
Power up the creator economy by establishing an NFT marketplace like Bored Ape Yacht Club
Live chat with usThe 2 men who lit up the metaverse: Greg and Wylie
Aged just 32 and 35, Greg Solano and Wylie Aronow have become billionaires now. The Florida-based residents are the founders of Bored Ape Yacht Club (BAYC). These cartoonised anthropomorphic apes have generated huge demand from celebrities and institutional investors.
Recently, Justin Bieber, a Canadian singer purchased BAYC #3001 for a mind-boggling $1.29 million. Interestingly, the price was 300% more than its actual market value.
Besides that, Greg and Wylie are also planning to launch an exclusive crypto token. Eventually, this will lead to the creation of a powerful Decentralised Autonomous Organisation (DAO). Thus, owners of Non-Fungible Tokens (NFTs) can also vote on proposals. In the long run, Bored Ape Yacht Club will also be coming out with crypto asset projects and Decentralised Finance (DeFi) ventures.
Thus, users who purchase a Non-Fungible Token (NFT) will get access to an exclusive club. They can interact with a community, own branded merchandise, and also get Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC) collectibles.
Besides that, every investor gets an equal chance to purchase the Apes. This is because the starting price of Apes is just 0.08 ETH. Moreover, owners also get commercial rights over their rare NFTs. Hence, they can sell off their apes on other NFT marketplaces after a certain period.
Interestingly, Bored Ape Yacht Club has completed a majority of goals set in the roadmap. A glance at its website reveals the release of 5 Caged Apes, the unlocking of the exclusive BAYC merchandise store, and the launch of the Bored Ape Liquidity Pool.
Currently, it is also focusing on enhancing the interactiveness of the clubhouse image. Thus, the Mysterious Note is legible. Users can take part in the Treasure Hunt and solve mysteries.
The first person to clear the riddle will receive 5 Ethereum (ETH) and also an attractive Bored Ape. Overall, all the crypto collectibles are generated algorithmically. The entire BAYC NFT collection includes 170 traits. Each ape is different as they vary in expressions, headwear, and clothing.
Adidas and BAYC: 2 forces join to rule the metaverse
Profile Picture NFTs are the big trend now. Adidas, the German sneaker giant has also collaborated with the founders of Bored Ape Yacht Club (BAYC).
Buyers will get access to limited-edition drops, physical goods, as well as logos with cultural currencies. Adidas Originals, the fashion and lifestyle arm, released an NFT collection on December 17, 2021.
The valuable collectibles include comic books (digital and physical versions), special badges, and exclusive land parcels. On average, the price of Bored Ape Yacht Club (BAYC) collectibles is more than $200,000 each.
Thus, owners of all these unique apes can attend events, purchase NFT drops, and also buy digital characters. The German multinational corporation (MNC) is also attracting buyers with different sneakers. Its promotional videos reveal the launch of Campus, Forum, and Superstar collectibles.
Wrapping Up
The founders of Bored Ape Yacht Club (BAYC) will also launch an Ape FEST in Manhattan from June 20 to June 23, 2022. After the sensational success of the BAYCxand MAYC mobile game competition in December 2021, this event will help it defeat rivals in the metaverse. What are you waiting for now? Get in touch with us to develop an NFT marketplace like Bored Ape Yacht Club.
Launch your NFT collection on Ethereum with a Bored Ape Yacht Club Clone
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
