What are the benefits of holding a Bored Ape Yacht Club?

What are the benefits of holding a Bored Ape Yacht Club?

Owners of Bored Apes are considered members of the BAYC and gain access to exclusive perks such as private online spaces, exclusive merch, and members-only live events.

What are the perks of owning a BAYC?

Perhaps the largest NFT project out there, the BAYC grants owners of a bored ape access to a private online club, exclusive in-person events, and intellectual property rights for the image they own. Each of the 10,000 apes in BAYC has its own rare traits.Jul 21, 2022

What do BAYC holders get?

The Mutant Ape Yacht Club (MAYC) NFT collection is a reward for BAYC holders. Although a BAYC holder does not directly receive a MAYC NFT in their wallet, BAYC holders receive a “special serum” NFT asset.Aug 27, 2022

How do BAYC owners make money?

BAYC makes money in several ways, but its primary source of revenue comes from minting apes as NFTs as well as via royalties from secondary sales and other transactions. Yuga Labs, the studio behind BAYC, receives 2.5 percent of the secondary sale value.Jul 28, 2022

What is the big deal about Bored Ape Yacht Club?

What makes Bored Ape Yacht Club unique? Bored Ape Yacht Club combines digital collectibles with a members-only online club. Each Bored Ape is a unique digital character generated using more than 170 possible traits, including the ape's clothing, expression, headwear, and more.Jun 10, 2022

What is the point of Bored Ape?

The Bored Apes are used as avatars on social media and throughout the metaverse. The use of these avatar apes helps to grow and expand the value of the NFTs through the community.Dec 2, 2022

What is the concept of Bored Ape Yacht Club?

Bored Ape Yacht Club, often colloquially called Bored Apes, Bored Ape or BAYC, is a non-fungible token (NFT) collection built on the Ethereum blockchain. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.