The Ethereum Blockchain is to thank for many of the NFTs (non-fungible tokens) in the market. After all, people trust it for its security and low-cost transactions. So, when the Bored Ape Yacht Club (BAYC) came into the picture using this platform, it already had the upper hand. But secure ownership was not all it had to offer. We walk you through what makes it unique and why people have been adding it to their collections.
What is the BAYC
This popular NFT collection is known for its amazing ape characters, as the name suggests. It currently has 10,000 of these ape artworks, with each boasting different traits that have been generated using an algorithm. In each piece, you can expect variations in the following features:
- Eyes – These come in various shapes and colors, adding versatility by altering their expressions to mimic realistic eyes.
- Facial expressions – The apes bear different looks on their faces. Some look happy, others look sad, while others barely have an expression on their faces.
- Hair – The apes have varying hair colors, lengths, and hairstyles, which adds to their uniqueness.
- Clothes and accessories: Apes can wear anything from hats to glasses to shirts – these add to their sense of style and rare features.
Collectors have a field day trying to collect the artworks they find most valuable, thus expanding their collections.
What Features Stand Out the Most
Every collection has some pieces that are the most sought-after. In the BAYC collection, this attention goes to the apes that have the rarest traits, as follows:
such apes are so rare that they attract some of the highest BAYC trade prices.
this fur pattern is not easy to come by and thus attracts a high price in the market.
this pattern is not just easy on the eyes but also great for a collector’s pocket.
people who come across this trait find themselves a goldmine.
when it comes to accessories, nothing says rare like a full set of gold grills.
royalty comes at a high price.
Many other traits are also hard to come by. As such, collectors who can find apes with a combination of unique traits are able to fetch better prices for their collections.
Benefits of Buying a Bored Ape
Bored Apes are beautiful works of art that have attracted the attention of NFT lovers, including celebrities like Eminem. But should you get one? Let’s consider why people opt for this investment:
- Access to the Yacht Club: Being part of a community where you can be part of events and collaborations is a step in the right direction. And by owning one Bored App, the doors to this future automatically unlock. You can score free NFTs here.
- High utility value: In recent years, many people have used their collections in other digital environments, including games, thus highlighting the functional value of these NFTs.
- Profit potential: The demand for these NFTs has been increasing over the years. Some have even sold for millions of dollars, a price that will continue rising as these artworks become ingrained in NFT history.
Best of all, anyone who owns a Bored Ape gets access to real-world events, thus enabling them to merge their physical and virtual worlds while networking with other creators and collectors.
Investing in a Bored Ape
Buying a Bored Ape requires a digital wallet, which you should load with Ethereum (ETH). Connect your digital wallet to OpenSea, a marketplace where people trade BAYC NFTs and select your desired artwork based on attributes. Once you buy the artwork, the NFT will become available in your wallet and OpenSea profile.
Conclusion
BAYC is one of the most innovative NFTs in the market. It stands out due to its rare designs, amazing community, and lucrativeness, making it a good choice for any collector or investor.