Bored Ape Yacht Club (BAYC): A Complete Guide to the NFT Ecosystem

Data Source: Footprint Analytics

Introduction to BAYC

Bored Ape Yacht Club (BAYC) is a collection of 10,000 unique "Bored Ape" NFTs launched on April 30, 2021, by Yuga Labs. Initially priced at 0.08 ETH (~$190), the entire collection sold out within 12 hours. Celebrities like Stephen Curry, Gwenyth Paltrow, and Post Malone quickly adopted these NFTs as status symbols.

👉 Discover how to buy BAYC NFTs

Key Milestones

• Most Expensive Sale: BAYC #2087 sold for 769 ETH ($2.3 million) in September 2021.
• Price Surge: Floor price soared from $439 (April 2021)** to **$428,663 (April 2022).

Despite the 2022 crypto bear market, BAYC maintains its position as a top-tier NFT project, thanks to Yuga Labs' expansion into the "Yugaverse," integrating tokens, metaverse development, and acquisitions like CryptoPunks and Meebits.

How to Buy BAYC NFTs

1. Acquire Cryptocurrency: Purchase ETH and set up a decentralized wallet (e.g., MetaMask).
2. Visit OpenSea: Navigate to the BAYC collection.
3. Select Your Ape: Choose an NFT based on traits, rarity, or price.

Membership Benefits

• Access to exclusive Discord channels.
• Eligibility for free airdrops (e.g., Mutant Apes, Bored Ape Kennel Club NFTs).
• ApeCoin ($APE) rewards with a 90-day claim window.

BAYC’s Ecosystem: Derivatives and Expansions

Mutant Ape Yacht Club (MAYC)

• Purpose: Reward for BAYC holders via "Mutant Serum" airdrops.
• Price Growth: Floor price surged 1,416% from $7,571 (August 2021) to **$114,773** (April 2022).

Bored Ape Kennel Club (BAKC)

• Concept: Companion dogs for BAYC NFTs.
• Market Position: Lowest floor price in the ecosystem at 7.3 ETH.

Otherdeed for Otherside

• Metaverse Land NFTs: Launched April 2022; floor price 1.7 ETH.
• Utility: Virtual plots in Yuga Labs’ Otherside metaverse.

ApeCoin ($APE)

• Governance Token: Powers the Yugaverse ecosystem.
• Adoption: Held by 85,000+ unique wallets, with 51% of supply owned by top 100 holders.

BAYC’s Market Performance

• Market Cap Growth: 642.9% increase from $245M (2021) to **$1.82B** (2022).
• Scarcity: Only 6,446 holders for 10,000 NFTs, driving long-term value.

👉 Explore BAYC’s latest trends

Predictions and Risks

While BAYC dominates NFT market rankings, the space remains highly speculative. Investors should:

• Research rarity traits and historical sales.
• Monitor ApeCoin utility and metaverse developments.

FAQs

1. What makes BAYC NFTs valuable?

• Scarcity, celebrity endorsements, and ecosystem utility (e.g., ApeCoin, metaverse access).

2. Can I profit from BAYC airdrops?

• Yes! Mutant Apes and BAKC NFTs can be traded independently.

3. Is ApeCoin a good investment?

• Dependent on Yugaverse adoption; currently ranked among top metaverse tokens.

Disclaimer: This content is for informational purposes only and not financial advice. Always verify data and trends before investing.

Footprint Analytics Community contributed to this report.

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