What is Bored Ape Yacht Club?
Amidst the growing NFT craze taking the internet over by storm, you have probably come across the JPEG of a bored-looking ape as the Twitter avatar of certain celebrities. The name of the JPEG is also, not surprisingly, Bored Ape Yacht Club. The NFT collection, which up until April 2021 has sold NFTs for as low as 0.08 ETH (that’s $247 us dollars), reached total sales of 1 billion dollars in January 2022.
With the identities of the owners recently unveiled by Buzzfeed in a controversial report, NFTs from the collection have made it into the possession of many A-List celebrities. From the likes of Eminem to Steph Curry, countless celebrities have bought into the NFT hype and purchased JPEGs from Bored Ape Yacht Club for as high as over 2 million dollars.
How Did Bored Ape Yacht Club Become the Most Popular NFT Collection to Exist?
CoinMarketCap takes a deep dive into the most popular NFT collection to find out the rationale behind its fame.
0:00 - What Exactly Is the Bored Ape Yact “Club”?
3:57 - BAYC Founders Unveiled by BuzzFeed
6:10 - Special Benefits For Members of the BAYC Club
6:46 - Celebrity Endorsements
10:43 - Future Prospect for Bored Ape Yacht Club
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Amidst the growing NFT craze taking the internet over by storm, you have probably come across the JPEG of a bored-looking ape as the Twitter avatar of certain celebrities. The name of the JPEG is also, not surprisingly, Bored Ape Yacht Club. The NFT collection, which up until April 2021 has sold NFTs for as low as 0.08 ETH (that’s $247 us dollars), reached total sales of 1 billion dollars in January 2022.
With the identities of the owners recently unveiled by Buzzfeed in a controversial report, NFTs from the collection have made it into the possession of many A-List celebrities. From the likes of Eminem to Steph Curry, countless celebrities have bought into the NFT hype and purchased JPEGs from Bored Ape Yacht Club for as high as over 2 million dollars.
How Did Bored Ape Yacht Club Become the Most Popular NFT Collection to Exist?
CoinMarketCap takes a deep dive into the most popular NFT collection to find out the rationale behind its fame.
0:00 - What Exactly Is the Bored Ape Yact “Club”?
3:57 - BAYC Founders Unveiled by BuzzFeed
6:10 - Special Benefits For Members of the BAYC Club
6:46 - Celebrity Endorsements
10:43 - Future Prospect for Bored Ape Yacht Club
🔔 From crypto news, to market moves, and to educational how to videos. If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos!
🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content.
📲 Download our app!
IOS : https://apple.co/3dOkokH
Android : https://bit.ly/3gHyJkS
🤝 Join CoinMarketCap!
https://bit.ly/3dVaEoS
Follow CoinMarketCap on social!
https://twitter.com/CoinMarketCap
https://www.facebook.com/CoinMarketCap
https://www.instagram.com/CoinMarketCap
https://reddit.com/r/CoinMarketCap
https://t.me/CoinMarketCap
📩 Subscribe to our Newsletter!
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Francisco Gimeno - BC Analyst With the NFTs' bubble starting to burst and the FOMO disappearing, we will witness how a huge percentage of them have practically no value at all. However, there are interesting collections, like BAYC (third in the ranking this time) which offer interesting insights on how to see NFTs of this type, in this case on how fame (which can be fading with time too) and adoption from famous people in different sectors make it the place to be. Remember this collection calls itself a club, and who doesn't want to be part of an exclusive club like this and also getting some profit in the way? We will see how this develops in time.