When you buy a Bored Ape, you’re not simply buying an avatar or a provably-rare piece of art. You are gaining membership access to a club whose benefits and offerings will increase over time. Your Bored Ape can serve as your digital identity, and open digital doors for you.
Features of the Bored Ape Club: 1. 10,000 Provably-rare Bored Ape tokens 2. Fair Launch, fair distribution: All apes cost 0.08 ETH. 3. Ownership and commercial usage rights given to the consumer over their NFT. 4. The Bathroom: A member’s-only graffiti board. 5. Gain additional benefits through roadmap activations.
The mysterious creators of the Bored Ape Yacht Club (BAYC), an NFT collection of 10,000 gorilla avatars that has made it to the online celebrity culture. Reportedly, Greg Solano, 32, and Wylie Aronow, 35, are identified as legit brand’s founders. The non-fungible token (NFT) ape avatar collection platform Bored Ape Yacht Club (BAYC) has 10,000 unique bored apes created by Yuga Labs.
A lot of celebrities are joining the BYAC club. The Biggest Celebrity NFT Owners in the Bored Ape Yacht Club are: Gwyneth Paltrow, Eminem, Shaquille O’Neal, Post Malone, Snoop Dogg, Mark Cuban, and Steph Curry. And, the hype about the bored apes is growing.
NFT enthusiasts are continuing to ape in. The use case for Bored Ape is to enable artists to register their work on a blockchain, and sell it in online marketplaces.
Eminem Spent $450,000 USD on a Bored Ape Yacht Club NFT That Looks Like Himself. Called “EminApe,” the NFT was sold by BAYC member GeeGazza for 123.45 ETh, or roughly $425,000 USD.
Bored Ape Yacht Club makes money by issuing new digital artwork and also through royalties from secondary sales and other transactions.
By purchasing an Ape, the buyer gets exclusive access to future collections and other perks as a member of BAYC. Of the 10,000 NFT Apes, each Ape has a unique trait.
BAYC was minted at a price of 0.08 ETH each in April 2021.
For those who are new to aping in to the cryptocurrency space, Apeing is when a cryptocurrency trader buys a token sooner the token project launches without conducting thorough research, usually because they are fearful of missing out on potential gains that could be lost if they hesitate to spend time conducting due diligence.
Reportedly, the owners of each BAYC NFT receive the commercial usage rights, which they can use to build products upon. The tokens works like an ID card to an online clubhouse, which is designed to look like a cool dive bar and even real-world private events. Each NFT has great resale value. So, far though many call it a bubble it is considered good.
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