Bored Ape NFT Everything You Need To Know

3 min read
If you want to belong, there’s a limited chance — and being in the same “club” as all the abovementioned celebrities can bring perceived benefits. There are already Bored Ape Yacht Club events for their NFT community. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.
The latter derived his alias from the 1996 Stereolab album of the same name, itself named after the 1971 film, banned in many countries for being child pornography. The actual art was created by freelance artist Seneca, who's not part of Yuga Labs. All four went exclusively by their pseudonyms until February, when BuzzFeed reported the identities of Gordon Goner and Gargamel.
OpenSea, the biggest NFT marketplace, has previously taken the action of freezing the listing of certain Apes if they are reported as stolen. Other than rarity, there’s nothing ostensibly unique about the artworks themselves—they’re just pictures of monkeys, after all. What separates BAYC from the crowd is that it has become a cultural phenomenon. In recent months, there have even been stories of Bored Apes being stolen by hackers, including a bizarre phishing scheme involving the actor and producer Seth Green.
Apes’ floor price, the price for the cheapest NFT within a collection, has fluctuated wildly. nft art has been sold for $115 — 99.97% below the current asking price for the cheapest one in the collection. One of the first athlete celebrities to buy a Bored Ape Yacht Club NFT and use it as a social media avatar was three-time NBA champion Steph Curry, who purchased an Ape for $180,000 in Ethereum in August 2021.
The hackers posed as the channels’ moderator Boris Vagner, whose account had already been hacked. Nevertheless, Bored Ape Yacht Club has continued to receive endorsements from celebrities and influencers, which has greatly boosted the value of their entire collection. As the NFT landscape evolves, there are also new ways of owning a slice of the NFT pie.
nft def are said to have put all of their funds into the project. The team at Yuga Labs then prepared to launch Bored Ape Yacht Club, with attributes determined, art obtained, and a minting contract drafted. Things initially got off to a sluggish start, with apes priced at0.08 ETH per ape (about $190 at the time) for equitable distribution. Last but not least is the community that's built around a collection.
Another exciting project that’s attracting attention is a partnership withAnimoca Brands. The companies are working on a joint gaming project that looks to expand the usability of Bored Ape NFTs. Given the successes behind Animoca Brands and the passion that Yuga Labs has for gaming, the expectations are high. Celebrities who have purchased Bored Apes include Eminem, Jimmy Fallon, Shaquille O’Neal, Gary Vaynerchuck, Post Malone, Mark Cuban and Stephen Curry.
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