Monday, December 23, 2024
HomeAcademyWhat is Bored Ape Yacht Club (BAYC)?

What is Bored Ape Yacht Club (BAYC)?

The Bored Ape Yacht Club is a collection of 10,000 Ethereum-based Non-Fungible Tokens (NFTs) designed to look like Apes. It is inspired by NFT projects like CryptoPunks, where each NFT is completely unique and original. 

Each Ape has a unique rarity based on what it is wearing, doing, and its background. Yuga Labs’ four pseudonymous founders, Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass, developed the project.

BAYC has introduced additional lines of NFTs, NFT upgrades, and an exclusive club for BAYC holders. These improvements have maintained interest in the project, resulting in exceptional selling prices like the $3.4 million (USD) NFT below at Sotheby’s.

Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

8 + 6 =

- Advertisment -

Most Popular