What Is the Bored Ape Yacht Club BAYC NFT Collection All About?

Seneca clarified that she was not the sole illustrator of the artwork, but the "lead artist of the original collection" and that the ape's body is "exactly line-for-line" her drawing. Solano and Aronow brought in two friends of theirs, No Sass and Emperor Tomato Ketchup, programmers who could handle the blockchain coding. At the time, Yuga Labs consisted of four people, all of whom went by pseudonyms. There's Gordon Goner and Gargamel, who are the two co-founders, and two friends who helped on the development side, No Sass and Emperor Tomato Ketchup.
They went on to hire professional illustrators for the project's graphics. Some apes have rarer traits than others and the rarer the trait, the higher the value. Icon Link Plus IconARTnews is a part of Penske Media Corporation.
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Just like you can wear a $10 Rolex fake, you can download a JPG of a bored ape. The development of a community has a business component to it. Art, in whatever form, is only worth what people are willing to pay for it. The floor price in an NFT collection is roughly the same as what the least-invested members are prepared to sell for.
nft ape  claims that these references have been incorporated into the Bored Ape design, and released an hour-long documentary in collaboration with popular YouTuber Philion, titled "BORED APE NAZI CLUB". BAYC is an excellent example of how creative people can introduce an ecosystem around an NFT product, motivating others with their fresh and continually evolving approach. There is even aPhunky Ape Yacht Clubcollection – a satirical take on the original – which featuresBored Apes mirrored to face leftinstead of right. Unfortunately, the collection has since been taken down on OpeaSea.
The collection’s unique, almost instantly recognizable design has attracted large numbers of fans. Among them are celebrities and influencers such as rapper Eminem, television host Jimmy Fallon and billionaire entrepreneur Mark Cuban. In the last year, professional traders have beensnapping them up on OpenSeaand reselling them, making up to tenfold profits. According to NFT Price Floor, The Bored Ape NFT is considerably the highest floor price so far in USD and ETH. However, the floor price for the said NFT was actually higher a week ago with a price capped at $367,000.
In the "floor price" field you will always have a link that will redirect you to the market with the lowest ask price - so that you can acquire the cheapest Bored Ape seamlessly and easily at any moment. The pseudonym of the founders of Yuga Labs, together with the fact of opting for a generous intellectual property license system with the owners of the NFTs that make up the collection, would be one of the main hallmarks of the project. The 4 original members of the team would manage to maintain their anonymity until February 2022, when their identities would end up being revealed -without their prior consent- by the digital media BuzzFeed. Another key factor that explains the success of the collection is that Bored Ape Yacht Club is conceived as a kind of digital club. The community that has gathered around the project has organized events in various cities in the US, and also in other regions of the world such as the United Kingdom and Hong Kong.
The list of BAYC athlete celebrities includes the NBA’s Josh Hart and Tyrese Haliburton, the NFL’s Dez Bryant and   Von Miller, and artists like The Chainsmokers, Waka Flocka Flame, and Jermaine Dupri. In August 2021, Bored Ape holders were given a “mutant serum” which allowed them to mint a free Mutant Ape in the likeness of their original form. BAYC has generated upwards of $1 billion of trading volume for the original BAYC and its variant sets, like Mutant Ape Yacht Club and Bored Ape Kennel Club. Ape holders also have full commercial usage rights over their NFT. BAYC holders get access to the BAYC Discord, a server where owners chat and hang out.
The more valuable people find belonging to that community, the less they'll want to sell their NFT. Bored Ape Yacht Club has organized meetups in New York and California, and there have been Bored Ape get-togethers in Hong Kong and the UK, too. This past June, BAYC holders were treated to "Ape Fest", a festival that included performances from Eminem, Snoop Dogg, LCD Soundsystem and Amy Schumer. It took 12 hours for all 10,000 to sell out at a price of $190 (0.08 ether).