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.
A Bored Ape is also a membership card to the online Yacht Club and has members-only benefits. The value of these benefits really depends on how much you're into the concept as a whole.
For example, one benefit is that members can access The Bathroom, which is called a "collaborative art experience for the cryptosphere." This means members can paint a pixel on a digital bathroom wall. It sounds even more laughable when you remember that benefits like these have literally cost people hundreds of thousands of dollars.
A more notable benefit is that NFT holders have full commercialization rights to their Bored Apes. If you own a Bored Ape and you want to use it to sell t-shirts, you can.
Where Bored Ape Yacht Club came from
The story of Bored Ape Yacht Club is a simple one. Four friends decided to "make some dope apes, test [their] skills, and try to build something ridiculous." These four friends went by the pseudonyms:
- Gargamel (later revealed to be Greg Solano)
- Gordon Goner (later revealed to be Wylie Aronow)
- Emperor Tomato Ketchup
- No Sass
The group formed an LLC, Yuga Labs, with Nicole Muniz acting as CEO. They started with a Bored Ape Yacht Club presale on April 23, 2021, followed by the official launch on April 29. The entire collection sold out in less than 12 hours.
How Bored Ape Yacht Club works
Bored Ape Yacht Club consists of 10,000 unique Bored Ape NFTs. It's built on the Ethereum blockchain, and each ape is stored as an ERC-721 token. The token ID for each ape is assigned to its artwork image. Token holders can check the provenance record of their apes on the Bored Ape Yacht Club website.
These NFTs serve as a digital identity and get you access to members-only areas of the Yacht Club. To access these areas, token holders must be signed into their Metamask NFT wallet where they've stored their Bored Ape.
