Everything you may want to know about Bored Apes

what is Bored Apes Yacht Club and Yuga Labs

Bored Ape Yacht Club, often colloquially called Bored Apes, Bored Ape or BAYC, is a non-fungible token (NFT) collection built on the Ethereum blockchain. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.

The parent company of Bored Ape Yacht Club is Yuga Labs. The project launched in April 2021. Owners of a Bored Ape NFT are granted access to a private online club, exclusive in-person events, and intellectual property rights for the image.

What is the point of Bored Ape

According to the Bored Ape Yacht Club (BAYC) website, the NFT collection was created by four friends who "set out to make some dope apes, test [their] skills, and try to build something (ridiculous)."Bored Ape NFTs, like other NFTs created and used for digital art purposes aim to provide its owners the "original" artwork. Bored Ape NFTs owners are considered in possession of "a unique unit of data recorded in a digital blockchain, which permanently records its provenance or sales history."

Where did Bored Ape Yacht Club start

The Bored Ape Yacht Club was founded by four people based in Miami, Florida. The initial founders, Greg Solano and Wylie Aronow, had managed to remain anonymous for almost an entire year before their identities were revealed by Buzzfeed News in February of 2022.

Who works for the Bored Ape Yacht Club?

Yuga Labs developed the Bored Ape Yacht Club. The Yuga Labs team comprises four pseudonymous core members: Gordon Goner and Gargamel (co-founders), No Sass, and Emperor Tomato Ketchup, who handled the technical aspects of BAYC.

Why did Bored Apes become so popular?

A major appeal of Bored Apes is their use as avatars—many owners change their Twitter and WhatsApp and even LinkedIn display pictures to their apes. They draw less from the lo-fi early internet aesthetics of other NFT projects like CryptoPunks and more from comic books and Pokémon cards.

Why is Bored Ape so expensive?

To boot, some Bored Ape avatars within the same collection are rarer than others. Each Ape is a one-of-a-kind, randomly generated combination of 170 traits, such as background color, earrings, expression, headwear, clothing, etc. This derived scarcity also contributes to the high prices of some Bored Apes.

Are Bored Apes still valuable?

Justin Bieber's Bored Ape NFT was valued at $1.3 million in 2022—now it's only worth around $60,000. Justin Bieber attends The 2021 Met Gala Celebrating In America: A Lexicon Of Fashion at Metropolitan Museum of Art on September 13, 2021 in New York City.

Is Bored Ape a good investment?

Buying a Bored Ape doesn't just give you an NFT, it also gives you access to the Bored Ape Yacht Club, an exclusive online community. But while Bored Ape NFTs are going up in value, there's a a lot of hype surrounding NFTs and they might not be the best investment.

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