A Bored Ape Yacht Club NFT is an NFT collection that was launched by Yuga Labs in April 2021. The NFTs have animate of an ape but with different expressions, colors and outfits. One BAYC NFT may spot a beard while another might not.
The popular of this NFT collection has continued to grow tremendously, as a lot of popular figures own them. Some popular people that own a BAYC NFT are Eminem, Justin Bieber, Snoop Dogg, Jimmy Fallon, and much more.
Holding a BAYC NFT offers the user access to exclusive features that are not available to the public.
The value of a Bored Ape Yacht Club NFT varies based on some elements. A crucial feature that can affect the value of a BAYC NFT is its level of rarity. There are rarity tools used by people to determine the value attached to an NFT.
A BAYC NFT may be considered more valuable or rarer than its counterparts because it was owned by a notable figure. It may also be because the display of the NFT, which is the Ape, has an expression, outfit, or color that others do not have.
As of the time of writing this, the floor price of a BAYC NFT was 123.5 ETH.
Bored Ape Yacht Club has become the face of successful NFTs and its growth is linked to different elements. For starters, the team behind the NFT collection leveraged crypto Twitter effectively in creating a buzz around their project.
Secondly, the demand for the BAYC NFTs by some celebrities convinced others that holding the NFT meant that they belonged to a clique of wealthy folks. Some wanted the NFT to easily mingle with celebrities.
Thirdly, the BAYC NFT project offers exclusivity to its holders. They have access to merchandise, events, and other exclusive items. BAYC is building around its NFTs.
Bored Ape Yacht Club NFTs have grown in value in recent times, making it appealing to celebrities, brands and wealthy people.
BAYC was launched in April 2021 by Yuga Labs, and its collection of NFTs come in different forms such as hues, outfits and expressions. Bored Ape Yacht Club NFTs have varying levels of rarity.
Below are some people that hold a Bored Ape Yacht Club NFT.
- Popular musician, Justin Bieber
- Rapper, Eminem
- Public figure, Paris Hilton
- Rapper, Snoop Dogg
- DJ Steve Aoki
- NBA Champion, Stephen Curry
- Footballer, Neymar Junior.
The number of celebrities that have become more interested in BAYC NFTs is increasing.
