Who makes bayc NFT?

Well, as with most projects, a lot of time and effort went into BAYC. And as is true of most projects, things are a little complicated. This story starts with a few friends who wanted to make something all their own. The BAYC NFT collection was technically created by Yuga Labs. That’s the parent company of BAYC.

What is the cheapest NFT to buy?

This collection of 10,000 cartoon apes has become the poster child of NFTs. Right now, the cheapest you can buy one for is $150,000. Bored Ape Yacht Club NFTs cost $190 at launch last April. Now they go for over $400,000. NFTs have been around for five years, but the nonfungible token boom only truly began in 2021.

What is the bayc collection?

In short, the BAYC collection is an edition of 10,000 NFTs. There are generally two kinds of NFTs. There are standalone pieces of art, which are called “1/1.” These are a little like paintings in real life in that only one exists. Beeple’s “Everydays” Then there are “editions” like the Bored Apes.

What are NFTS & how do they work?

They are assigned unique identification codes and metadata that distinguish them from other tokens. NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could use an exchange to create a token for an image of a banana.