What is Bored Ape Yacht Club (BAYC)?

Bored Ape Yacht Club – BAYC

Bored Ape Yacht Club, is probably the most globally known NFT collection.

What makes a BAYC NFT worth $150K+?

Let’s find out…






What is Bored Ape Yacht Club – BAYC?


BAYC first launched their collection of 10,000 unique ‘Bored Apes’ in April 2021, on the Ethereum blockchain. Each NFT sold for an average of 0.08 $ETH, equating to an estimated $186.40…


Today, you have to pay over 800x the amount if you want one.


The creators of BAYC, Gargamel & Gordon Goner created a parent company Yuga Labs which also owns CryptoPunks, Bored Ape Kennel Club and more which we will go through in another article.


Why are #BAYC NFTs so valuable?


The creators of the collection innovated the NFT space by integrating ‘IP Ownership’ to each of the Bored Ape NFTs.


IP Ownership basically means that you own all the rights to the BAYC NFT, it’s similar to a serial number which is a unique code given to devices like laptops/phones etc.


IP Ownership also allows users to license/rent out their NFT which can provide passive income and users can commercially use their NFT however they please.


BoredApe’s are stored as ERC-721 tokens which are each made up of over 170 possible traits, such as clothing, expressions and so on. There are over 6,000 unique owners. Some apes are rarer than others, but all give you access to membership benefits.


BAYC Membership Benefits include:

  • Real-Life Events – #BAYC has hosted events around the world for all #BoredApe owners to get together. They even had a yacht party with special guests like Chris Rock, The Strokes and more!
  • Exclusive #BAYC Discord server – for Bored Ape owners to chat.
  • Access to other NFT collections made by the team, like Mutant Ape Yacht Club or Bored Ape Kennel Club. Some NFTs are airdropped to BAYC owners for free.


Celebrities such as Eminem, SnoopDogg, Neymar Jr, Post Malone and so many more own a BAYC NFT. Even Adidas bought one…


There are many more benefits to owning a BAYC NFT. In the future, a BAYC Metaverse will exist…


Recently, they released their own token ApeCoin ($APE) which we will go through in another article, where we can go into more depth.


If you’re a big fan of Snoop Dogg & Eminem you can watch the music video of their song “From the D 2 the LBC” which includes their Bored Apes in the video. It’s a fun watch.


At the time of writing, BAYC NFT has a floor price of 83.49 $ETH ($109K+) on Opensea, with an estimated market cap of 921,765 #ETH ($1,19B+).


Their highest valued NFTs go between 500-3,000 $ETH!


If we were to include the total market cap of Bored Ape Yacht Club, Mutant Ape Yacht Club, Women Ape Yacht Club & Bored Ape Kennel Club it would amass over a whopping 1,310,941.8 $ETH ($1.7B)!


BAYC & YugaLabs Links

BAYC Twitter – @BoredApeYC

BAYC Website – https://boredapeyachtclub.com/#/

Yuga Labs Twitter – @YugaLabs

Yuga Website – https://yuga.com/

Opensea BAYC Collection – https://opensea.io/collection/boredapeyachtclub




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