Since bursting onto the scene in April 2021, a collection of nfts has redefined the very fabric of what it means to be a digital community, becoming a global phenomenon that intertwines art, technology and culture in unprecedented ways.
That collection is Bored Ape Yacht Club.
The Bored Ape Yacht Club (BAYC) is notable not only for its striking artwork, but also for its rapid rise to the top of the nft industry, its colorful community, and its numerous trials and tribulations to date. Bored Ape nfts have become highly desirable status symbols, flaunted by blockchain heavyweights and celebrities alike, but why are they so special, how did they become so popular, and why do they continue to make headlines everywhere? the world?
Here is our complete 2024 guide for the <a target="_blank" href="https://x.com/BoredApeYC” target=”_blank” rel=”noopener”>Bored Ape Yacht Club.
<img decoding="async" class="alignnone size-full wp-image-77101 lazyload" src="https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts.webp” alt=”Bored Ape Yacht Club 2024 Guide – nft” width=”800″ height=”448″/><img decoding="async" class="alignnone size-full wp-image-77101 lazyload" src="https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts.webp” alt=”Bored Ape Yacht Club 2024 Guide – nft” width=”800″ height=”448″ srcset=”https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts.webp 800w, https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts-300×168.webp 300w, https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts-768×430.webp 768w, https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts-370×207.webp 370w, https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts-760×426.webp 760w, https://nftplazas.com/wp-content/uploads/2024/11/bored-ape-yacht-club-guide-2024-1-nfts-270×152.webp 270w” sizes=”(max-width: 800px) 100vw, 800px”/>
What is the Bored Ape Yacht Club?
Bored Ape Yacht Club is a collection of 10,000 cartoon-style nft apes minted on the ethereum blockchain. Created by Yuga Labs, these apes are algorithmically generated from a wide range of traits, such as clothing, hats, accessories, and more, making each one distinct in appearance and rarity.
Bored Ape nft holders join an exclusive club, whose members enjoy a variety of unique benefits. These include access to members-only online spaces, exclusive merchandise, in-person events such as the annual ApeFest, and access to its growing portfolio of additional nft collections and products such as the Mutant Ape Yacht Club, the Otherside metaverse, and more.
Bored Ape Yacht Club nft collectors also receive commercial rights to use their Ape image however they want. This has given rise to a vibrant ecosystem of spin-off brands, many of them supported by the official Made by Apes initiative, including Bored & Hungry restaurant in Long Beach, Forever Apes, Bored Goods and many more.
Bored Apes has attracted the attention of many high-profile celebrities, including Eminem, Snoop Dogg, Jimmy Fallon, and more. Many of them have set their Bored Ape as their profile picture on social media apps or use their ape in major prominent media outlets, which has gone a long way in increasing their visibility, appeal and prominence.
The History of the Bored Ape Yacht Club
BAYC minted on April 30, 2021, priced at 0.08 eth each, approximately $190 USD at the time. Initial sales were modest, until a prominent nft collector <a target="_blank" href="https://x.com/pranksy” target=”_blank” rel=”noopener”>joker purchased several Apes and promoted them, leading to all 10,000 nfts being purchased within 12 hours.
As nfts rose to mainstream popularity in late 2021 and early 2022, Bored Apes rose to become the second most valuable nft collection in the world, behind only CryptoPunks, and it's a spot they've held to this day. today.
Bored Apes reached its all-time high on May 1, 2022, with a minimum price of 128 eth, approximately $360,000 USD at the time. Individual BAYC nfts have sold for much higher prices, including at high-profile auctions in <a target="_blank" href="https://x.com/Sothebys” target=”_blank” rel=”noopener”>Sotheby's and <a target="_blank" href="https://x.com/ChristiesInc” target=”_blank” rel=”noopener”>christianThe most important being the sale of Bored Ape #8817 in October 2021 for $3.4 million.
The success of Bored Ape Yacht Club has seen creators Yuga Labs create a number of related nft collections since then, including Bored Ape Kennel Club in June 2021, Mutant Ape Yacht Club in August 2021, and Otherdeed nft for the metaverse of Otherside planned in April 2022.
He <a target="_blank" href="https://x.com/apecoin” target=”_blank” rel=”noopener”>Ape Coin DAO – a decentralized governance framework that supports the Bored Ape ecosystem – was formed in early 2022. This led to the launch of the ApeCoin ($APE) cryptocurrency token in March 2022, providing another vehicle for Bored Apes to continue its growth.
These achievements have also allowed Yuga Labs to expand outside of nfts. There's the aforementioned Otherside metaverse, which as of this writing is still in its members-only testing phases, the endless runner game Dookey Dash in January 2023, and its famous ApeFest events, an annual convention for Bored Ape holders.
This expansion has included the acquisition of other major nft collections. Larva Labs' CryptoPunks and Meebits collections became property of Yuga in March 2022, Beeple's 10KTF was acquired in November 2022, and the entire PROOF Collective, including products like Moonbirds, was purchased in February 2024.
It hasn't all been sunshine and rainbows. Bored Apes' biggest challenge came in mid-2022, when the artist <a target="_blank" href="https://x.com/ryder_ripps” target=”_blank” rel=”noopener”>Ryder Ripps created the RR/BAYC copycat collection. This was met with a lawsuit from Yuga Labs, which rejected Ripps' wild speculation that Bored Apes contained coded racist imagery and “neo-Nazi dog whistles,” leading to a court case that was ultimately resolved in Yuga's favor in 2023. .
What's next for Bored Apes?
As 2024 comes to a close and we enter 2025, all signs point to Bored Ape Yacht Club retaining its position as one of the most prominent nft collections in the world.
The Otherside metaverse, where Bored Ape owners can interact, play, and participate in large-scale events, continues its development, with testing events becoming more regular in recent months.
ApeChain, a blockchain designed specifically for the Bored Ape community, has been in the works for most of 2024, and 2025 looks to be the year in which its core features such as native performance, onboarding with a click and Apple Pay. integration – live.
Finally, Bored Apes recently partnered with a car manufacturer. <a target="_blank" href="https://x.com/BMW” target=”_blank” rel=”noopener”>bmwwhich included an exclusive product line and the launch of the first ApeCar: a BMW 2 Series Gran Coupe with a custom BAYC livery, available to 1 lucky community member.
Bored Ape Yacht Club has become much more than just a collection of nfts – it has become the face of the nft industry. With their growing list of partnerships, experiences, products, and more, BAYC has become one of the most adored, respected, and honored nft collections in the world, and we have a feeling they're just getting started.
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