Are you planning on investing in NFTs and NFT marketplaces have confused you? Well, worry not, We know they are confusing. You might have also searched for successful NFT collections and found Bored Apes and CrytpoPunks. This must have created another confusion about which one to invest in. So, here we are with a new post on Bored Apes Vs CryptoPunks, which will clear all your doubts.
Two Clubs rule the NFT marketplace, The Bored Apes Yacht Club and the CryptoPunks. The Bored Ape Yacht Club is a collection of 10,000 avatars NFTs launched in April 2021 by Yuga Labs. The bored Ape collection was sold out in just 12 hours. CryptoPunks is also a collection of 10,000 avatars NFTs launched in June 2017 by Larva Labs. The whole collection was sold out in just 24 hours. Both the NFT collections are regarded as the most successful NFT collections.
Till the end of December 2021, CryptoPunk NFTs had the highest floor price, but on December 29, Bored Ape NFTs surpassed the CryptoPunks in floor price on OpenSea and similar NFT Marketplaces. Let’s find out the similarities between the two clubs and the differences. Let’s get started with Bored Apes Vs CryptoPunks.
Bored Apes VS CryptoPunks
Before starting the battle on Bored Apes VS CryptoPunks, let us first look at what BoreApes and CryptoPunks. What are their specialties and then the points of difference.
What Are Bored Apes?
Bored Ape Yacht Club is an army of 10,000 ape avatar NFTs minted on Ethereum Blockchain. This NFT collection is one of the most successful and costly NFT collections. Although the whole collection was sold out in just 12 hours, these NFTs are still for sale on secondary marketplaces like OpenSea. People are buying these NFTs for a very high price. You might be thinking, why? Here are the reasons:
Specs of Bored Apes
Every Bored Ape from the collection of 10,000 apes is unique. These apes are code generated. Each ape differs in expressions, clothes, headwear, or more. These apes are stored on the Ethereum blockchain as ERC-721 tokens.
This is another reason people buy Bored Apes for such a high cost. With the purchase of Bored Ape NFT, buyers also get membership of the club. Here are some benefits of the club membership.
- Fair Launch, fair distribution
- Provable Bored Ape tokens
- Rights are given to consumers over their NFT.
- Benefits through roadmap activities
The Bathroom Access
If you own at least one bored Ape, you can access the bathroom. The bathroom contains a canvas to paint a pixel every fifteen minutes. This is more or less a creativity tool.
Also Read, How Bored Ape Yacht Club Works
The Bored Ape yacht Club members can also enjoy the community tools. There are two tools for club members.
Mutating the Bored Ape.
Apart from these benefits, a special benefit for Bored Ape owners is that they can mutate their Bored Ape NFT into Mutant Ape NFT by exposing the Bored Ape to vial Serum. This serum can also be purchased from the marketplace.
What Are CryptoPunks?
CryptoPunks are generated from algorithms developed by Matt Hall and John Watkinson. Larva Labs launched CryptoPunks. These are the 24*24 pixel heads of punks. Out of the 10,000, CryptoPunks launched, 1,000 punks were named Dev Punks. Dev Punks were not put on sale as developers used them for themselves. These NFTs are also stored as ERC-721 tokens on the Ethereum Blockchain. The whole collection was sold out in just 24 hours.
The CryptoPunks are both male and female. Some are bearded, while some are wearing PPE. Some are smoking cigarettes, while some are pierced. Some CryptoPunks are rare non-human-like apes or zombies. Each CryptoPunk has unique attributes displayed on the profile page of each CryptoPunk.
- Male CryptoPunks – 6039
- Female CryptoPunks – 3840
- Headband CryptoPunks – 406
- Smoking CryptoPunks – 961
How Are Bored Apes Similar To CryptoPunks?
Till now, you have read about both the NFT collections. Bored Apes Yacht Club was launched recently, while CryptoPunk is a few years old. But both the collections have been successful in the marketplace. That means there will be some similarities between the two clubs. Now let’s find out the similarities between the two clubs and this can be the reason for their success. If you plan to launch your collection, this part is of great importance to you. Here is the table of similarities
|Features||Bored Ape Yacht Club||CryptoPunks|
|Collection of NFTs||10,000||10,000|
|Available for sale||Yes||Yes|
|Type of token||ERC -721||ERC-721|
|Platform||Ethereum Blockchain||Ethereum Blockchain|
Also Read, How To Mint A Bored Ape | Lazy Minting
How Are Bored Apes Different from CryptoPunks?
If you are planning to invest in NFTs and you are confused about which NFT you should invest in, then this part is for you. We will be discussing different features that are uncommon in Bored Apes and CryptoPunks. Although both are successful NFTs, still there are various deciding factors you should consider before investing. Here is the table in which Bored Ape NFTs and CryptoPunks differ.
|Sold out time||12 hours||24 hours|
|Year of Launch||2021||2017|
Market Value of Bored Apes And CryptoPunks
Market value of NFT is undoubtedly an important deciding factor to choose the best for your investment. Both the NFT collections have the highest floor prices and most of the purchases are made by celebrities which hiked the prices even more. Here the table shows the current market value of both the NFTs.
|Market value||Bored Ape NFTs||CryptoPunks|
|Floor Price||99.3 ETH||95 ETH|
|Volume Traded||381.8K ETH||821.8K ETH|
|Available for Sale||1291||10|
|Lowest NFT price||99.3 ETH||69.99 ETH|
|Highest NFT price||99,999,999,999,999 ETH||31,155.0169 ETH|
Currently, CryptoPunks are not available for sale on OpenSea. But yes, if you find it on sale you can go for it without thinking.
In this article, we have presented the Bored Apes Vs CryptoPunks. We have gone through both the legendary NFT collections, their features, and more. We have presented the similarities between the two NFT collections and the differences. If you plan to invest in such a collection of NFTs, then half of your problem is solved. Before investing in NFTs, we suggest going through buying these NFTs to save yourself from any kind of scam.
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Frequently Asked Questions
Q1. How To Buy Bored Ape NFTs?
To buy a Bored Ape NFT, follow the steps ahead.
- Select a marketplace like OpenSea
- Connect to your wallet
- Select your Ape NFT
- Click on buy it
- Complete your transaction
- Wait till verified
Q2. How To Mutate A Bored Ape NFT?
To Mutate a Bored Ape, here are the steps to be followed
- Buy a Bored Ape
- Check for Mutation
- Purchase Serum
- Click to Mutate your Bored Ape NFT
Q3. How to Buy CryptoPunk?
- Download MetaMask or any other digital wallet as a chrome plugin.
- You need some Ethers to make the purchase.
- Go to larvalabs.com
- Once you are ready, this website will recognize your plugin and add buttons.
- These buttons will allow you to sell, buy or bid on punks directly.
- You can buy or bid directly from the website and complete the rest of the transactions.