Bored Ape Yacht Club (BAYC) has gained popularity among investors as the storms due to its unique and distinctive traits. Bored Ape NFTs are the first collectible that gained large sales on its first step into the NFT marketplace. So, everything there is to know about the Bored Ape Yacht Club (BAYC) will be covered in today's article. To know more fascinating facts about this NFT read the complete article and stay tightly bound with us till the end!
What Is a Bored Ape Yacht Club? NFT Collectibles
Bored Ape Yacht Club (BAYC) is an Ethereum-based project of the NFTs marketplace and it was launched in 2021, a distinct collection of non-fungible tokens called (BAYC) was created on the Ethereum blockchain. Each (BAYC) has its own characteristics and traits that make it unique from other ones. Due to its impressive and fascinating artwork, it gained popularity among investors.
(BAYC) contains 10,000 NFTs in its first batch which was sold in just a few hours. After that, it grew day by day. Bored ape NFT tokens owners can have access to exclusive events and merchandise which means if you hold a Bored ape project, you can become the owner of (BAYC). Additionally, if you join (BAYC), you might be able to go to events like concerts. You can purchase goods like clothing, accessories, or other things during this concert. All these items are unique in nature and cannot be accessed by a person who is not a member of the club.
What Makes BAYC Valuable?
There are so many features of Bored Ape NFTs that increase their value and make them more worthwhile. Here, we discussed all the features of it that really increase its value such as:
Uniqueness and Rarity
The artwork of each Bored Ape NFT is distinctive which really makes them different from each other. The rarity and uniqueness of each Bored Ape NFT make it more valuable and popular among investors.
Splendid Entry
The first batch of Bored Ape NFTs contains the 10,000 NFTs samples that sold in just a few hours. This first huge sale makes it more worthwhile and popular.
BAYC Membership
Being a member of the BAYC club you can participate in the concerts held by the club and can access the merchandise.
High Market Demand
Due to its rarity and scarcity, it is highly demanded in the NFT marketplace. High demand ultimately increases its value.
Conclusion
Bored Ape NFTs is a unique collection of non-fungible tokens that is famous due to their uniqueness and rarity. You can participate in the Bored Ape NFTs after becoming a member of the Bored Ape Yacht Club (BAYC). After the successful membership, you can access the merchandise. Bored Ape NFTs also became well-liked among investors as a result of their rarity and distinctiveness.
