Bored Ape Yacht Club NFT Floor Price Chart

These savvy investors trade information within locked Discord groups, providing valuable (sometimes insanely valuable) tips to one another. As noted, the “floor price” for the project — what you’ll pay for an ape with common traits — is currently about $150,000 (85 ether). Another with gold fur and laser eyes, two sub-1% traits, went for $3 million.

What Is ApeCoin?

Each one was hidden until purchased, a buyer experience akin to purchasing an NFT mystery box. At approximately USD 200 per Bored Ape at the time, the launch sale netted BAYC’s founders around USD 2,000,000. Although this was considered a success at the time, the cultural phenomenon that followed drove valuations up exponentially. It’s this combination of features—or the relative rarity of each combo—that may be the very thing that underpins the popularity of the Bored Apes. In the BAYC community, “rarity” is a formal measure of the uniqueness of each Ape. CryptoPunks are the OG Ethereum NFTs, having been created back in 2017—well before anyone outside of crypto die-hards knew or cared about provably scarce digital collectibles.

Where to Buy BAYC NFTs

However, at least it encrypts personal information and keys so it is still quite safe. Another perk that is often overlooked is the aspect of holding to make a profit. As the DeFi industry continues to grow, Bored Apes and Mutant Apes have become increasingly popular. The floor price for these assets have grown exponentially since their release with no signs of slowing down. A widely shared post written by the former CEO of Signal, Moxie Marlinspike, calls into question the consolidating nature of platforms like OpenSea, Coinbase, and Etherscan. Marlinspike claims to have created an NFT on OpenSea that was taken down from the platform and disappeared from his wallet.

1. Each Ape has unique characteristics and features that increase its rarity.
2. Now that you can buy Mutant Ape Yacht Club NFTs, you need to know how to store them and other cryptos safely.
3. In essence, an NFT is like a certificate of authenticity for a fancy watch or the deed to a house.
4. Verify that all the order details are correct and confirm the transaction.

Step #5. Connect Your Crypto Wallet to the Website or Marketplace

In other words, all of these NFTs will be from a different set or collection. Each set or each collection is drawn and minted on possibly a different blockchain network, and through a different artist. Ensure https://forexbitcoin.info/ that you figure out exactly which NFT Ape set is appealing to you before you go out there and research which marketplace, and as such, cryptocurrency wallet you are required to use in order to buy it.

What Is the Mutant Ape Yacht Club? How BAYC Reinvents NFT Value

For example, out of the 10,000 NFTs in existence, only 46 boast solid gold fur. The cheapest ape with gold fur goes for more than $2 million, while what is etoro cheaper apes sell for around $300,000. While all BAYC NFTs are extremely expensive, some have rare features that make them even more expensive.

In August 2021, a rare Bored Ape NFT sold for a record-breaking $3.8 million, making it one of the most expensive NFT sales to date. Additionally, the Bored Ape Club has partnered with a range of brands and organizations, with some using the apes for marketing and advertising purposes. The Bored Ape Yacht Club has become one of the most popular NFT collections in the market, with each token having its own unique value and rarity. As of September 2021, there are 10,000 Bored Ape NFTs in circulation, with different prices per token depending on how popular they are. Owning a Bored Ape NFT gives you full commercial rights to it, and holders are taking advantage of that in some creative ways. One Bored Ape owner set up a Twitter account for his ape where he created a backstory, turning him into Jenkins, a valet that works for the Yacht Club.

You should also be wary of phishing scams and avoid sharing your private keys or passwords with anyone. After selecting the NFT you want to buy, confirm the transaction, and wait for the NFT to be transferred to your crypto wallet. To browse and purchase Bored Ape Yacht Club tokens, visit the official Bored Ape Yacht Club website or a reputable NFT marketplace, such as OpenSea, Nifty Gateway, or SuperRare. The short answer is that they’re status symbols, and like all status symbols their value comes from perception and branding rather than utility. Just like a CEO may try to communicate business acumen with a Rolex or a luxury suit, people who trade NFTs display their success with a Bored Ape Yacht Club NFT. Their argument is that NFTs are better status symbols than real-world items, since when used as profile pictures they can be seen by millions of people on Twitter and Instagram.