The Bored Ape Yacht Club (BAYC) NFT Collection: Everything You Need to Know

Here’s everything you need to know about one of the most popular NFT collections – the Bored Ape Yacht Club .

In this editorial, we will take a closer look into the BAYC collection, why it is so popular, what’s the most expensive Ape sold on the market, and which celebrities have been endorsing it so far.is a club unlike any other. It’s a virtual lounge reserved only for its members, and there will never be more than 10,000.Well, in essence, BAYC is a collection of 10,000 Bored Ape NFTs. These represent unique digital collectibles built on top of Ethereum’s blockchain.

In addition, owning a high-prized NFT and one that’s recognized within a community is much like buying a valuable painting. Its value is derived from the subjective worth of what it means for the owner himself. And remember – each Bored Ape NFT is completely unique, and there will never be a second one like it.

Only about a few hundred apes during the week and, it’s worth noting, that their owners hadn’t yet seen their NFTs and how they looked. On April 30th, the reveal happened, and once people saw the art, the collection spread like wildfire, and all apes were sold a day later at a price of 0.08ETH each. 30 apes were saved for the team members, giveaways, and promotions.As mentioned above, each ape is provably unique, scarce, and impossible to replicate.

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