What makes Bored Ape Yacht Club valuable?
Bored Ape Yacht Club, also known as BAYC, is a non-fungible token (NFT) collection of 10,000 cartoon-like apes. Rarity, utilities, and celebrity endorsement drive the high price of the BAYC collection.Oct 17, 2022
Why are Bored Apes so valuable?
Bored Ape art is not only valuable because it serves as a digital identity—but also because of the accompanying commercial usage rights. Not only can Bored Ape owners re-sell the NFT for a profit, but they can also sell spinoff products based on the art.Nov 29, 2022
What makes one Bored Ape worth more than another?
While each ape is unique, some have characteristics that raise the rarity and price. Some of the most sought-after characteristics are laser eyes, solid gold fur and a king's crown. There are far fewer NFTs with these traits than others. For example, out of the 10,000 NFTs in existence, only 46 boast solid gold fur.Oct 17, 2022
What determines the price of a Bored Ape?
Bored Ape Yacht Club, also known as BAYC, is a non-fungible token (NFT) collection of 10,000 cartoon-like apes. Rarity, utilities, and celebrity endorsement drive the high price of the BAYC collection.Oct 17, 2022
Why are some Bored Apes more expensive than others?
The Bored Apes are grungy simian avatars with different characteristics—some rarer than others. For example, only 5% of Bored Apes have red fur, and 3% have a biker vest. The rarer the traits of a Bored Ape, the more expensive it's likely to be.Nov 29, 2022
What is the rarest Bored Ape trait?
The Bored Ape “trippy captain's hat” is another very well-known trait within the collection, headlined with one of the rarest Bored Ape NFTs by statistical rarity, Bored Ape #8135. The trippy captain's hat exists in a total of 65 variants (0.65% of the total) in the collection.Sep 26, 2022
What makes a Bored Ape NFT rare?
The rarest Bored Ape is BAYC #7495, notable for traits such as the dagger in its mouth, a cyborg eye, a cross earring, and Dmt fur. Only 49 apes feature a dagger in the mouth, while only 219 apes feature Dmt fur style. Despite this Bored Ape's rarity, it has not been sold since it was minted in April of 2021.Mar 15, 2022