What is bored ape Yacht Club (bayc)?

Developed by Yuga Labs, the Bored Ape Yacht Club (BAYC) is a series of NFT profile pictures depicting disinterested-looking apes with randomly generated traits. The collection of 10,000 NFTs was launched in April. They are minted on the Ethereum blockchain and individual Bored Apes have sold for millions apiece.

What is apecoin (ape)?

ApeCoin is a new Ethereum token based on the Bored Ape Yacht Club NFT project. Bored Ape NFT holders can claim free tokens, plus it can be purchased at exchanges. After being officially revealed just yesterday, ApeCoin (APE)—the Ethereum-based token for the growing Bored Ape Yacht Club ecosystem—is now flowing.

How much is a bored ape worth?

On September 5th, Sotheby’s is auctioning 101 Bored Ape NFTs believed to be worth up to $18 million. They’re also selling a lot of 101 Bored Ape Kennel Club dogs — just to be on the safe side. If you’re not keen to spend a fortune on an ape, you can become part owner of one via fractional Bored Ape ownership.

What is a bored ape NFT?

So, unlike other NFTs that are nothing more than images, Bored Apes are dual-purpose: they’re your digital persona and grant you lifetime membership in a secret apes-only club. Over time, benefits will continue accruing to Bored Ape NFT holders.