NFT images or creations were a Boom again in 2021, giving the possibility to have up to millions of dollars for a particular image or for a different collection that can be used on social networks and can continue to make money even if they have already been purchased.
Bored Ape’s NFT images are one of the most prosperous NFT projects and have been able to earn more than $750 million in the number of transactions. And in fact, it is constantly kept on Twitter by different celebrities ranging from athletes to singers. Having a Bored Ape Yacht Club gives you direct access to the “Club” and grants you particular benefits.
Do you want to buy a monkey from this project? Today we will explain what you need to know about it and how you can have your own Bored Ape.
What is the Bored Ape Yacht Club?
This project was made by Yuga Labs studio, and although its short name is “Bored Ape”, the whole name of the project is “Bored Ape Yacht Club”. It is a collection of over 10,000 profile pictures that are considered NFTs on the Ethereum BlockChain.
An NFT, or non-fungible token, is intended to be a deed of ownership of an item that is not physical but lets the owner know that they own such an image. So in this project, you will be able to own the image of a monkey that is bored and has different features, such as necklaces or caps. The advantageous thing is that no two images are repeated, they are always quite original.
The Bored Ape Yacht Club project is not the only one that has a high quote, as there are a lot of other types of illustrations or NFT avatars that have the attention of the community at the moment. Although the Bored Ape has been prized by NFT collectors in a zealous manner.
A single Bored Ape Yacht Club token can be priced at 740 ETH, or in other words, about $2.9 million. Which is actually the most they’ve paid for one currently, and it was bought by a game developer that has huge popularity in the community.
What’s so special about it?
Well, as the name says, the Bored Ape Yacht Club is a social group or organization with a high level of exclusivity and you can only be part of it if you have one of the avatars in your account. It is like a special membership.
One of the benefits of buying a Bored Ape avatar is to have exclusive access to a Discord server where other avatar owners are gathered. You can imagine that celebrities, athletes, businessmen, and many others enter this world.
In social networks, you can notice how more and more people who have a Bored Ape have a buzz, as they have created a kind of digital brotherhood with special codes and exclusivity.
And another of the biggest benefits of having a Bored Ape NFT as yours, is that it allows you to have access to additional Yuga Labs NFT Collectibles, which can be sold later for other amounts of money that can also bring benefits.
For example, Yuga Labs released a Dog NFT totally free to Bored Ape members, after that, they also released a free “Mutant Serum” NFT that made an image of Mutant Ape Yacht Club. So, it is like a special subscription that gives you benefits within the NFT environment.
How to buy Bored Ape?
Bored Ape Yacht Club avatars are available through secondary lines. In order to purchase a Bored Ape Yacht Club, Bored Ape Kennel Club, or Mutant Ape Yacht Club, you need to find your ideal marketplace, either OpenSea or another. You can also log on to the Yuga Labs page directly in order to get a broader view of the entire Bored Ape collection.
There are some Bored Apes that can be put up for auction and sold to the highest bidder, as well as others that are put up for sale. But for whichever option it is, you’ll need to have an Ethereum wallet, just like MetaMask, and be able to have enough ETH to be able to fill the purchase price. Just like the ETH fee.
The Future
From what we’ve seen since its launch, Bored Ape Yacht Club has been one of the most prominent NFT profile picture collections after CryptoPunks, and they only came out this year.
Since its launch in April, we have seen more and more celebrities and prominent people start to use Bored Ape Yacht Club NFTs on their profiles. One example of this is Stephen Curry, an NBA champion, who has had a Bored Ape since August for the cost of $180,000k in Ethereum. Being part of the list of the club and athletes who have bought one of these, among them Josh Hart and Tyrese Haliburton, as well as NFL players Dez Bryant and Von.
As have singers or musicians, most notably The Chainsmokers, Waka Flocka Flame, and Jermaine Dupri, who has joined the list throughout this year.
Even Arizona Iced Tea has a NFT Bored Ape Yacht Club, although there were controversies as it used its image for marketing. To which Yuga Labs responded that although the beverage brand can use the NFT image since it is theirs, the indiscriminate use of it was inappropriate.
As mentioned, Yuga Labs released through the owners of Bored Ape a “Mutant Serum” to get a new Mutant Ape NFT for free. Of which there are over 10,000 new ones that could be purchased for only 3 ETH. Although they ran out within an hour after launch, making $93 million in total.
After all this, we are left with the question of how many NFTs Yuga Labs will continue to launch, what they will do to benefit their Bored Ape owners, and what comes next? We won’t be able to say for sure, we just have to wait for its development next year.
