BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.
Tokens act as membership cards to an online clubhouse that is designed to look like a stylish dive bar, and the first perk of membership is access to THE BATHROOM, a digital graffiti board. The website notes that “Like any good dive bar bathroom, this is the place to draw, scrawl, or write expletives.” Members can thereafter unlock more benefits through roadmap activations.
BAYC does not have price tiers, and membership costs are the same for everyone at 0.08 ETH. After purchase, a member is given ownership and commercial usage rights over their Bored Ape, meaning that token owners can use them for any purpose that suits their needs.
10%: We pay back our moms.
20%: We release the Caged Apes. 5 Caged Apes (tokens held back from the sale) are airdropped to random Apeholders.
40%: BAYC gets its own YouTube channel, BAYC LoFi Radio - Beats to Ape into Shitcoins To.
60%: Member-Exclusive BAYC Merch Store gets unlocked, featuring Limited Edition tees, hoodies, and other goodies.
80%: The clubhouse image becomes interactive and the Mysterious Note becomes legible, beginning a treasure hunt. The first to solve the mystery will be rewarded 5 ETH and a Bored Ape.
90%: The Bored Ape liquidity pool is initiated.
100%: The Mutant Ape (NFT Breeding) Arcade Machine gets ﬁxed. And we cook up new ways to ape with our friends.
The idea of Bored Ape Yacht Club came from a congregation place for bored billionaire “apes” (slang in Crypto twitter) to hang out, make memes and talk numbers.
The backstory of BAYC goes: “The year is 2031. BTC and ETH have taken over the world. Everyone who aped into crypto is rich beyond their wildest dreams. But now they are all bored and want to hang out with other like-minded apes. To do that, you need to go somewhere special.”
Each ape has different characteristics and features, and the rarer its features, the more valuable the Bored Ape is. They have distinguishing features such as jewelry, fur, clothes, facial expressions, and accessories. Out of the entire collection, “Only 49 Bored Apes have a dagger in their mouth, 108 have cyborg eyes, and 115 have a cross earring.” This means that they are among the unique Apes on the market and are likely to fetch a significant price on the market.
A Bored Ape, in addition to being a rare work of art, avatar, and gateway to a unique club, allows token owners to venture deeper into the digital world.
The BAYC collection consists of 10,000 NFTs that were initially designed to be simple profile picture collections. Each NFT features a Bored Ape that has a combination of 4-7 traits from a possible 170 variables in possible traits. This makes the NFTs highly unique with distinct facial features, accessories, backgrounds, and clothing.
The lead artist behind BAYC’s original collection is a woman who goes by “Seneca” or “All Seeing Seneca.” Other artists included Thomas Dagley, Migwashere, and a couple who chose to remain anonymous.
Bored Apes with only 4 traits are the rarest, and so far, there are only 254 in circulation. On the other hand, Apes with 6 traits are the most common, with more than 5,300 in circulation.
Further analysis of the NFTs demonstrates that some of them have features that make them even rarer. For example, only 26 Apes have a bored expression are unshaven, and have a pizza in their mouths, while only 42 Apes are dressed in a black suit.
Ultimately, the tiered rarity system ensures that the NFT with the rarest features fetches the highest price.
BAYC also developed freebies in 2021 to keep owners interested, increase the customer base, and also increase BAYC's worth in the marketplace. These freebies include Mutant Ape Yacht Club, Mutant Serum, and Bored Ape Kennel Club.
In August 2021, the company developed 20,000 mutant Apes and released 10,000 of these into the public market at 3 ETH to attract new customers. The result was that the entire collection was sold within an hour and generated $96 million for the firm.