Education : Crypto Currencies

Bored Ape Yacht Club

If Bitcoin is digital gold and Ethereum is a global computer, then the Bored Ape Yacht Club (BAYC) is the ultimate VIP backstage pass. It’s not just a collection of pictures; it’s a digital identity that turned the world of art and social media upside down.

🦍 Bored Ape Yacht Club: The World’s Most Exclusive Digital Clubhouse

ClientBored Ape Yacht Club
DateApril 23, 2021
SKillUltimate VIP backstage pass

📅 When did it start?

The club officially opened its doors on April 23, 2021. When they first launched, you could “mint” (buy) an Ape for about $200 (0.08 ETH). Within 12 hours, all 10,000 were gone. Later, some of these Apes sold for hundreds of thousands—and even millions—of dollars!

Bored Ape Yacht Club

🎭 By whom?

The Apes were created by a company called Yuga Labs.

  • The Founders: For a long time, the creators went by cool nicknames: Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass.

  • The Real Names: In 2022, we found out they were actually four friends named Greg Solano, Wylie Aronow, Kerem Atalay, and Zeshan Ali.

  • The Inspiration: They imagined a future where “Apes” (a slang term for people who go “all in” on crypto) became super rich but were now just… bored. So, they hung out at a swampy, dive-bar yacht club.

🐵 What is Bored Ape Yacht Club?

Bored Ape Yacht Club is a collection of 10,000 unique NFTs (Non-Fungible Tokens) featuring cartoon apes.

  • The “Look”: Each Ape is different. They are made by a computer mixing and matching over 170 traits—like fur color, hats, sunglasses, and even pizza slices in their mouths! Some traits are super rare (like gold fur), making those Apes extra special.

  • The Membership Card: Owning an Ape is like having a key to a secret club. It grants you access to “The Bathroom” (a digital graffiti board), private Discord servers, and even real-life parties on actual yachts!

  • IP Rights: This is the big one. If you own a Bored Ape, you own the rights to the character. You can put your Ape on a T-shirt, start a cereal brand with it, or even create a virtual band (which some people have actually done!).

🎢 What are the Use Cases?

Why do people pay so much for a “picture of a monkey”?

  • Status Symbols: Celebrities like Eminem, Justin Bieber, Snoop Dogg, and Steph Curry have all owned Bored Apes and used them as their profile pictures on X (Twitter) and Instagram.

  • ApeCoin (APE): The club has its own cryptocurrency! Owners were given free ApeCoin, which can be used to vote on the club’s future or buy items in games.

  • The Metaverse: Yuga Labs is building a massive virtual world called Otherside, where Bored Ape owners can play as their characters in a 3D landscape.

  • Spin-offs: Owners were also given “Mutant Serums” to turn their Apes into Mutant Apes, or they could adopt a digital dog from the Bored Ape Kennel Club.

    🌐 Official Website

    Take a look at the “Clubhouse” and the different traits here:

      “RuleBook”

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