Aping In With the Bored Ape Yacht Club

Picture of Nimish Sawant

Curated by Nimish Sawant

If you have come across photos of colorful primates online and are wondering what the hell is Bored Ape Yacht Club, we have you covered.

  • Bored Ape Yacht Club is a non-fungible token (NFT) collection of digital primates in the form of profile photos, generated algorithmically. Launched in April 2021, it runs on the Ethereum blockchain.
  • Bored Apes have appreciated significantly in value. At launch, the 10,000 Ape figures sold for $200 a pop. As of this writing, the average price is over $300,000.
  • Depending on the rarity of certain characteristics—laser eyes or the color of the hat, fur, clothes—the price of certain Apes can even cross millions of dollars worth of Ether.
  • Apart from having an eye-watering valuation in the blockchain space, Bored Apes is one of the few NFT projects that has forked into offline ventures such as co-branding deals and movie deals.
  • A-list celebrities such as Eminem, Paris Hilton, Snoop Dogg are invested in the Bored Ape universe, something that is a controversial topic among the purist Web3 community members.
  • But trading Bored Ape NFTs involves using the Ethereum blockchain, which still uses the proof-of-work protocol that’s environmentally damaging.
The Atlantic
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