NFTs have been a hot trend in the crypto space for a few months as the non-fungible tokens can be used to earn very large sums. New NFT collections are always coming into the mainstream. One of the most famous NFT collections is the Bored Ape Yacht Club.
Bored Ape Yacht Club is a collection of NFTs with cartoon images of monkeys. “Comic monkeys” are also extremely popular NFT characters outside the collection, some of which receive six-figure sums when sold. We give you all the information about the Bored Ape Yacht Club.
What are NFTs?
NFTs is an abbreviation for “Non-fungible Token”. These are digital tokens that are “non-fungible”, ie. not reproducible. Each NFT is unique and cannot be duplicated. As the digital objects are unique, their subjective value to collectors and investors increases enormously.
Unlike tokens such as Bitcoin, an NFT cannot be exchanged for a similar item. This is how “digital works of art” emerged, around which a digital art trade developed. The NFTs revolutionized the art world in 2021. Six-figure amounts have been paid for certain digital works of art in recent months. NFTs are traded on NFT exchanges. There they are summarized in NFT collections.
What are NFT collections?
In recent years, NFTs have increasingly been traded as digital works of art. This has repeatedly resulted in NFT collections in the past. NFT collections are collections of similar NFTs that are related to each other in terms of content. In this article, we have presented 3 great NFT collections.
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A major trend among the NFT collections is the collection of NFTs depicting monkey comics. These motifs have already achieved a certain cult status. One of these collections of monkey NFTs is the well-known Bored App Yacht Club.
What is the Bored App Yacht Club?
Bored App Yacht Club is an NFT collection consisting of 10,000 different NFTs. These NFTs all have digital comics of “bored” monkeys. These monkeys all have different clothes and all carry different objects, but have the same dull appearance.
The Bored App Yacht Club NFTs were developed on the Ethereum blockchain. Ethereum blockchain remains the largest blockchain in the NFT area. Most NFTs are developed on the Ethereum blockchain. The Bored App Yacht Club is now probably the most well-known NFT project on Ethereum.
Why did the Bored App Yacht Club become so popular?
Currently, the Bored App Yacht Club is probably the most well-known NFT collection in the world. The project, which started in April 2021, initially attracted little attention. The company Yuga Labs launched the collection with the 10,000 NFTs at the time. Only 650 NFTs of the collection were purchased for pre-sale.
However, the project gained momentum in the following weeks when renowned NFT entrepreneur Jimmy McNelis aka “j1mmyeth” promoted part of the Bored App Yacht Club on Twitter. As a result, the collection received increasing attention in the crypto scene.
This was followed by further promotion of the collection, including by the NFT collector “Pranksy”, an NFT whale and friend of McNelis, which made the Bored App Yacht Club more popular.
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What is special about the Bored App Yacht Club?
Bored App Yacht Club attracts with a membership system. Bored App Yacht Club membership is given to owners of one or more NFTs. Through membership, Yuga Labs aims to provide owners with an exclusive “club” where they can enjoy certain benefits.
As the collection becomes more popular, these membership benefits become more and more exclusive. Members get access to exclusive parties featuring celebrities like Eminem, Snoop Dogg, Serena Williams or Stephen Curry. This continues to increase the value of each NFT, making the Bored App Yacht Club an exclusive and coveted ‘digital club’.
Incidentally, the creators of the Bored Ape Yacht Club have also issued their own coin. Read more about it in this article!
Where is the Bored App Yacht Club available?
The Bored App Yacht Club and its NFTs are available on the world’s largest NFT exchange, OpenSea. We have provided a guide to the NFT platform in this article. For a single NFT from the Bored App Yacht Club, you now need to spend around 100 ETH on average.
You can do it Ether (ETH) also on the crypto exchanges Coinbase and Kraken.
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