| Bored Ape Yacht Club | |
|---|---|
 Bored Ape characters used by the creators of the project | |
| Developer(s) | Yuga Labs LLC |
| Platform(s) | Ethereum |
| Release | April 30, 2021 |
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.[1] The project launched in April 2021.[2] Owners of a Bored Ape NFT are granted access to a private online club, exclusive in-person events, and intellectual property rights for the image.[3]
In 2022, Yuga Labs was valued at US$4 billion.[4] This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion as well as high value auction sales from their investor, now defunct FTX.[5][6] Various celebrities have purchased these non-fungible tokens, including Justin Bieber, Snoop Dogg and Gwyneth Paltrow.[7]
By July 2023, the floor price of Bored Ape NFTs had decreased 88% from its April 2022 peak.[8]
- ^ Hetzner, Christiaan (February 7, 2022). "Wrath of the crypto bros: Buzzfeed attacked for revealing identity of Bored Ape NFT creators". Fortune. Archived from the original on February 18, 2022. Retrieved February 17, 2022.
- ^ @BoredApeYC (April 23, 2021). "The Bored Ape Yacht Club #NFT Pre-Sale is now LIVE! Gas is cheap. Come ape with us. ☠️🐵⛵️ (Update your cache if it doesn't show up for you.) https://boredapeyachtclub.com/#/home" (Tweet). Retrieved February 17, 2022 – via Twitter.
- ^ "Bored Ape is Going Hollywood". 2 June 2022. Archived from the original on 17 October 2022. Retrieved 22 September 2022.
- ^ "Yuga Labs' Nicole Muniz to talk about NFTs and Bored Apes at TC Sessions: Crypto". Tech Crunch. 28 October 2022. Archived from the original on 23 November 2022. Retrieved 23 November 2022.
- ^ "Bored Apes Were at the Center of the NFT Boom. Now They're Mired in Lawsuits and Plunging in Value". Observer. 2023-01-28. Archived from the original on 2023-03-06. Retrieved 2023-03-06.
- ^ "Yuga Labs, Circle, SkyBridge Among Investments FTX Ventures Made Prior to Liquidity Issues". markets.businessinsider.com. Archived from the original on 2023-03-06. Retrieved 2023-03-06.
- ^
- "Gwyneth Paltrow Now Owns a Digital Cartoon Monkey". Archived from the original on 2022-09-22. Retrieved 2022-09-21.
- Staff, Entrepreneur (29 March 2022). "Madonna acquires NFT from Bored Ape Yacht Club for $571,000". Entrepreneur. Archived from the original on 2022-04-29. Retrieved 2022-04-29.
- "Neymar's striking outfit that revolutionized social media in a photo with Lionel Messi". infobae (in European Spanish). Archived from the original on 2022-04-29. Retrieved 2022-04-29.
- Boom, Daniel Van. "How Bored Ape Yacht Club NFTs Became $400K Status Symbols". CNET. Archived from the original on 2022-04-29. Retrieved 2022-04-29.
- Aswad, Jem (12 November 2021). "Timbaland Unites With Bored Ape Yacht Club Owners to Form Artist-Owned Ape-In Productions". Variety. Penske Media Corporation. Archived from the original on 22 April 2022. Retrieved 21 June 2022.
- Lee, Isabelle (January 4, 2022). "Sales of Bored Ape Yacht Club NFTs jump past $1 billion amid heightened interest from celebrity collectors". Markets Insider. Archived from the original on February 5, 2022. Retrieved February 8, 2022.
- Hirwani, Peony (January 4, 2022). "Eminem bought a Bored Ape NFT resembling him for £334,000". The Independent. Archived from the original on January 10, 2022. Retrieved February 8, 2022.
- ^ "Bored Ape Yacht Club Prices Crash to Two-Year Low, Down 88% From Peak". Yahoo! Finance. Retrieved 5 July 2023.