How Bored Ape Yacht Club Works

How Bored Ape Yacht Club Works

Just a year ago, an Ape collection was launched in the NFT marketplace, which ruled the market thereafter. From celebrities to fans, everyone is crazy about them. Who are these Apes? What is special about them? How do these Apes work? Let’s find out in the post on “How Bored Ape Yacht Club Works?”

Bored Apes Yacht Club is one of the famous and most successful clubs in the NFT marketplace. These were launched by Yuga Labs in 2021. Bored Ape Yacht Club is a collection of 10,000 Ape NFTs. All the apes of this club are eccentric and differ in their characteristics and features. This collection was sold out in just 12 hours within its launch. Today, owning an Ape NFT from this club is considered pride and costs millions of dollars. These are also among the most expensive NFTs in the world.

This article will present a brief background of the Bored Ape Yacht Club, how they got such huge success, and its future. We will also discuss some more ape clubs. So, without any further ado, let us start with the discussion.

What Is a Bored Ape Yacht Club?

Bored Ape yacht Club is a cluster of ten thousand Bored Ape NFTs which are registered on the Ethereum Blockchain. The facial expressions of these apes are bored and disinterested, yet people are interested in these apes (Ironically). The reason behind the success of Bored Apes Yacht Club is interesting. This club provided its buyers with additional benefits that other clubs won’t. Here are some important benefits of buying NFTs from the yacht club.

1. Fair Distribution

When this collection was launched, Bored Ape Yacht Club announced no bonding curves. Anyone could buy Bored Ape NFT for 0.08 ETH. No price tier was announced. Apart from this, Bored Ape membership has the same cost for everyone. The club also announced that 30 apes were withheld from the collection, these apes will be used for giveaways in puzzles and other rewards. Currently, all the Apes are sold out, now you can buy from other NFT Marketplaces like OpenSea.

2. The Specs

10,000 Bored Apes were launched and each Bored Ape is unique and programmatically generated from the 170 possible traits. These traits include expressions, clothing, headwear, and more. All apes generated are dope but some are rarer than others. These apes are stored on the Ethereum blockchain as ERC-721 tokens.

Also Read, How To Mint A Bored Ape | Lazy Minting

3. Club Membership

This is one of the unique benefits of this club. When you purchase a Bored Ape NFT, you are also becoming a member of this club at no extra charge. You will enjoy the club benefits and offerings that will increase with time. Some of the club membership benefits are as follows

  • Provable Bored Ape tokens
  • Fair Launch, fair distribution
  • Ownership, and commercial usage rights are given to consumers over their NFT.
  • The Bathroom access
  • Additional benefits through roadmap activations.

4. The Bathroom

Once the presale period is over, the BAYC bathroom will become operational. It contains a canvas that is accessible only to NFT wallets containing at least one Bored Ape NFT. Each Ape holder will be able to paint a pixel on the BAYC bathroom wall every fifteen minutes.

5. Community Tools

BAYC provides community tools to its users. These tools are

  • NFTXP.IO
  • RARITY.TOOLS

Also Read, How To Buy Bored Ape Yacht Club NFT? A Step-By-Step Guide For Beginners

What Is Mutant Ape Yacht Club?

Mutant Ape Yacht Club is the second collection launched after Bored Ape Yacht Club by Yuga Labs in 2021. 20,000 Mutant Apes were launched. Out of these 20,000 Apes, 10,000 were sold on Dutch Auction in August 2021 with an initial price of 3 ETH.

The rest of 10,000 were launched as Serums which could turn the existing Bored Apes into Mutant Apes. three types of Serums were launched

  • M1
  • M2
  • M3 or Mega serums

Each serum could be used once on a Bored Ape NFT. This serum could be purchased as NTF and then exposed to the existing Bored Ape to a vial of Mutant Serum. M3 serums were rare ones. M3 serum was sold at $6 million. Know more about how to mutate a bored ape.

Which Celebrities Have Joined Bored Ape Yacht Club NFT?

The celebrities who are a part of the Bored Ape Yacht Club are given in the list below

  1. Stephen Curry – 1
  2. Hosh Hart – 2
  3. Neymar – 2
  4. Steve Aoki – 11
  5. Justin Bieber – 1
  6. Eminem – 1
  7. Jimmy Fallon – 1
  8. Kevin Hart – 1
  9. Paris Hilton – 1
  10. Marshmello – 1
  11. Logan Paul – 1
  12. Lil Durk – 1
  13. Timbaland – 1
  14. Travis Barker – 1
  15. Murda on the Beat – 2

Also Read, What Made Bored Ape So Famous? World’s Most Admired NFT Collections.

How Much Does A Bored Ape Cost Today?

  1.  OpenSea marketplace prices for Bored Ape Yacht Club.
Available for sale1323
Floor price 108.69 ETH
Lowest price Ape for sale #1791108.69 ETH
Highest Price Ape for sale #122100,000,000,000,000 ETH
  1.  OpenSea marketplace prices for Mutant Ape Yacht Club
Available for sale1,984
Floor price 21.69 ETH
Lowest price Ape for sale #1834221.67 ETH
Highest Price Ape for sale #27127100,000,000,000,000 ETH

Wrapping up

This is where we wrap it up. Bored Ape NFTs and Mutant Ape NFTs don’t end here. They are undoubtedly one of the most successful collections of NFTs of all time. You came across the long list of celebrities who have joined this club. There are more celebrities, and many new ones are on their way. 

We can conclude that Bored Ape NFTs are now more than NFTs themselves. These are now considered as assets and pride to own them. Now companies are providing loans on NFTs, which gives us the indication that the future of NFTs is bright.

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Frequently Asked Questions

Q1. How To Buy Bored Ape Yacht Club NFT?

There are several steps in buying Bored Ape NFT.

  1. Select a marketplace like OpenSea
  2. Connect to your wallet
  3. Select your Ape NFT
  4. Click on buy it
  5. Complete your transaction
  6. Wait till verified

Here is the detailed post on how to buy Bored Ape.

Q2. How To Mutate A Bored Ape NFT?

Here are the steps to be followed for mutating a Bored Ape NFT.

  1. Buy a Bored Ape
  2. Check for Mutation
  3. Purchase Serum
  4. Click to Mutate your Bored Ape NFT

Here is a detailed article on mutating a Bored Ape.

Q3.  How Fast Did Bored Ape Yacht Club Sell Out?

In just 12 hours all 10,000 NFTs were sold out at a price of 0.08ETH or around $190.

Q4. How Do I Get the Mutant Ape Yacht Club NFT?

You can directly purchase Mutant Ape NFT from a marketplace like OpenSea. The other way is if you own a Bored Ape NFT, you can make that Bored Ape a Mutant Ape NFT by exposing this NFT to serum. This Serum can also be purchased as NFT.

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