What is bored ape Yacht Club?

Bored Ape Yacht Club, also known as BAYC, is a non-fungible token (NFT) collection of 10,000 cartoon-like apes. At the time of launch, each Bored Ape Yacht Club token cost 0.08 Ether (ETH), equivalent to $220, but in mid-October 2022, they were priced at a minimum of 76 ETH, worth approximately $100,418. 1

What is a bored ape?

Bored Apes are the cornerstone of an elite movement called, you guessed it, the Bored Apes Yacht Club. Your Bored Ape doubles as your Yacht Club membership card and grants access to members-only benefits—the first of which is THE BATHROOM, a community drawing board where Bored Ape owners can leave digital graffiti.

What is bored ape Kennel Club?

Bored Ape Kennel Club (BAKC) was launched on June 18, 2021. Similar to BAYC, BAKC is an NFT collection of 10,000 dog avatars that are meant to be companions for each Bored Ape. These NFTs were offered for free to all interested BAYC members.

What currency does bored ape Yacht Club trade?

Hosted on the Ethereum blockchain, each Bored Ape Yacht Club NFT is built on the ERC-721 token standard as opposed to the ERC-20 standard that accounts for 900 altcoins. Therefore, the currency in which Bored Apes Yacht Club trades is Ethereum’s ETH. Here, you can find how to buy ETH in three simple steps.