What are the bored apes?

The Bored Apes are 10,000 programmatically generated NFTs. Once the founders decided on the final ape art they created different backgrounds, clothes, earrings, eyes, fur, hats and mouths. These were then fed into algorithm to generate each unique ape. Each Bored Ape NFT serves as a membership card.

Why is bored APE art so valuable?

Bored Ape art isn’t as valuable as it is because it’s visually pleasing, even though it is. It’s valuable because it also serves as a digital identity — for which its owner receives commercial usage rights, meaning they can sell any sort of spinoff product based on the art.

What is a bored ape NFT?

According to the Bored Ape Yacht Club (BAYC) website, the NFT collection was created by four friends who "set out to make some dope apes, test [their] skills, and try to build something (ridiculous)." Bored Ape NFTs, like other NFTs created and used for digital art purposes aim to provide its owners the "original" artwork.

What is bored ape Yacht Club?

Bored Ape Yacht Club, often colloquially called Bored Apes, Bored Ape or BAYC, is a non-fungible token (NFT) collection built on the Ethereum blockchain. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm. The parent company of Bored Ape Yacht Club is Yuga Labs.