In this article, you will learn all you need to know about the Bored Ape NFT and where to buy them.
Since NFTs blew up in 2021, a number of NFTs have become very popular in recent times.
Foremost among them is a bored-looking ape avatar, with thousands of unique varieties in terms of appearance. NFTs are simply non-fungible tokens that represent real-life artifacts in the form of avatars that have the potential to command up to millions of dollars a piece for individual images.
Bored Ape Yacht Club seems to be at the top of the NFT game in terms of popularity and other factors. Bored Ape NFTs have now generated more than $750 million worth of trading volume, and they are increasingly the Twitter NFT avatar of choice for popular celebrities around the world.
If you are thinking about joining the club, then here’s what you need to know about the Bored Ape Yacht Club, Mutant Ape Yacht Club, and Bored Ape Kennel Club, and where to buy them.
What is the Bored Ape Yacht Club?
The Bored Ape Yatch Club is a collection of over 10,000 avatars developed by Yuga Labs. The Bored Ape and a large number of other NFTs are minted on the Ethereum blockchain. Since an NFT, or non-fungible token, acts like a deed of ownership for a digital item, this allows the buyers to prove that they own the one-and-only version of that image.
As we mentioned before, Bored Ape is the NFT of choice for popular celebrities. This is because it is an exclusive society or social organization. This means owning one of the Bored Ape NFTs unlocks an exclusive membership where fellow owners (including celebrities) hang out and chat.
Other benefits of owning a Bored Ape NFT include access to additional NFT collectibles, that can be resold for cash. Yuga Labs has been active in projects such as the Bored Ape Kennel Club and, most recently, the Apecoin.
ApeCoin is a crypto asset that empowers the decentralized community building of the APE ecosystem (Bored Ape Yacht Club and Mutant Ape Yacht Club). Owning a Bored Ape NFT means you can earn part of a total of 150,000,000 APE airdrop which is available for its NFT holders.
You can get as much as 10,950 APE for free when you partake in the airdrop.
Where to buy Bored Ape NFTs
Bored Ape Yacht Club NFTs and other popular projects can be traded on the secondary markets like OpenSea. But before you can purchase a Bored Ape Yacht Club, Bored Ape Kennel Club, or Mutant Ape Yacht Club NFT on OpenSea, you need to visit the project page for each to view the entire collection.
There are different ways these NFTs can be listed for sale, and those include a fixed price or auction. The latter means the NFT goes to the highest bidder.
It is important to note that you will need an Ethereum wallet on MetaMask to purchase an NFT on OpenSea.
The crypto market is still in its early stages and there is still a lot of potential to expect from the growing market. The Bored Ape Yacht Club is arguably the most well-known NFT collection, which has been sold for mouthwatering amounts of dollars.
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