Bored Ape Yacht Club ( BAYC ), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. 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.
Is bored ape Yacht Club a fungible token?
Popular non-fungible token ( NFT) collection Bored Ape Yacht Club has been seen everywhere from comic books to burger restaurants. Now, it’s branching out into the virtual world, with the launch of Otherside, a metaverse platform from BAYC developers Yuga Labs. What is Bored Ape Yacht Club?
Does Yuga labs own mutant Ape Yacht Club?
Yuga Labs has also created spin-off collection Mutant Ape Yacht Club collection, worth $427 million, and owns the rights to other projects, including Cryptopunks, a series of avatars in an 8-bit-style worth $970 million. Now, Yuga Labs is leveraging its brands to create a metaverse platform, Otherside.
