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Why is Bored Ape Yacht Club So Expensive – BAYC Guide

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One of the most significant NFT initiatives is the Bored Ape Yacht Club (BAYC). It followed CryptoPunks for over a year in the global collecting competition. But when the start of 2022 came and passed, the price of BAYC NFTs surged. If you were to sell every NFT in the collection today, you’d earn a fortune (roughly $200k for each NFT).

Furthermore, you may even trade NFT Monkey artwork for other digital or crypto-based pieces of art. The NFTs of the Bored Ape Yacht Club are the most costly pieces of NFT artwork.

Just like NFTs, crypto may be a life-altering investment. Regardless of the reasons, it’s true that Monkey NFTs have gone very popular.  We will examine why bored ape yacht club is so expensive and also the sale of the most expensive NFT monkey ever.

Why Are Bored Ape NFTs So Expensive?

Bored Ape Yacht Club NFTs have their subculture owing to their symbolism. The NFTs of the Bored Ape are advancing rapidly and are inspirational. Each of the 10,000 NFTs in the Bored Ape series has a strong and unique appearance, for which its designers make no apologies.

Whatever the reason, the BAYC NFTs have grown quite popular. The priciest BAYC NFT costs $2.35 million (or 769 ETH). It’s amazing to see the Bored Ape Yacht Club take off. Multiple subcultures have emerged and disappeared throughout time. However, Bored Ape NFTs have been more successful in generating both interest and financial gain in such a short time. Let’s investigate what separates Bored Apes and why they cost so much.

How Did the Bored Ape Yacht Club Get Started?

Yuga Labs was established by Wylie Aronow and Greg Solano, who also developed BAYC. Gordon Goner and Gargamel were their respective aliases, both of which became household names. At the end of April 2021, they recruited Kerem, also known as No Sass, and Zeshan, also known as Emperor Tomato Ketchup, to complete the BAYC.

Kerem and Zeshan were software engineers, whereas Gargamel had an MFA in painting, and Gordon Goner had to leave art school due to health problems.

For What Reason Has the Bored Ape Yacht Club Been So Popular?

BAYC is the most frequently accepted NFT project ever created, beating CryptoPunks. So, why has it been so successful? Down below, we’ll go into each of the possible reasons:

Minority Rule

Only 10,000 NFTs are available in the BAYC library. It limits the total number of wallets containing BAYC NFTs at any moment to 10,000. Due to the common reductive concept, the project could be viewed as cultural money.

There is a large and enthusiastic audience for the BAYC collection. The collection is owned by celebrities such as Eminem, Snoop Dogg, Paris Hilton, and prominent NBA players and media workers. It increases its worth since many famous people utilize the same digital persona. Because of these people, the BAYC has become a cultural phenomenon of the 2000s.

Unique Style

One reason BAYC has managed to pick up such illustrious investors is because of its sleek aesthetic. A bold colour scheme and ape-like glyphs characterize the BAYC logo. Despite their uninterested expressions, the striking visual appeal of these artefacts is sure to catch the eye of anybody who happens to be passing by.

Convenient Timing

After the success of Beeple in the first quarter of 2021, the NFT space received significant media attention, which coincided with the introduction of the BAYC NFT project. The BAYC crew also focused much of their social media energy on Twitter to grow their supportive audience.

At the same time, ETH’s price was skyrocketing, having just passed the $3,000 barrier. Timing was also crucial to the success of the project.

Looking for how to buy one of the BAYC NFT monkeys? Follow our blog!

Which is the Most Unusual Bored Ape?

BAYC 7495

Rarity.Tools report that bored ape #7495 is the rarest ape in existence. Since its creation in April 2021, this digital asset has yet to be traded. The blade in its mouth makes it the rarest primate in existence. This quality is unique to just 49 of the apes in the collection. The ape may also be customized with a Cyborg eye, a cross earring, and a wineskin tone.

Most Expensive NFT Monkeys – Top Bored Ape Yacht Club

Our lists result from an in-depth study into the topic and the collection of data from the most trustworthy web resources. Here are some of the most expensive NFT monkeys in the Top BAYC:

Bored Ape Yacht Club Most Expensive NFT Monkey #8817

BAYC 8817

Bored Ape #8817, the most expensive BAYC NFT ever sold, paid for a stunning $3.4 million. It’s not the rarest NFT in the collection (ranked #17 on Rarity Tools), but its mix of rarities makes it desirable. The gold fur of Bored Ape #8817 stands out against the orange backdrop, and the ape wears a funny spinning hat and a blue and white party horn from its lips.

Bored Ape Yacht Club Most Expensive NFT Monkey #3749

BAYC 3749

Another on this list is Bored Ape #3749, or “The Captain,” the most costly Bored Ape Yacht Club NFT. It’s a Golden Ape NFT that screams “cool man” thanks to its black T-shirt and sunny backdrop. Its Solid Gold hair and laser-firing eyes contribute to its Rarity score of 283.99.

Bored Ape Yacht Club Most Expensive NFT Monkey #8585

BAYC 8585

The wild fur and heart-shaped spectacles on Bored Ape #8585 set this monkey out as one of the most stylish on this list. This sale received a lot of attention, not just because of the increased price but also because it sparked a new fad for collecting the psychedelic fur apes, which are uncommon, even among the BAYC’s other unusual items.

Bored Ape Yacht Club Most Expensive NFT Monkey #2087

BAYC 2087

Currently, the most expensive non-fungible token ever traded is the single BAYC NFT monkey piece, which was sold for 42 Ether. People all across the globe are attracted to the style because of the contrast between its fun and scary aspect, and it has since become a part of mainstream culture. In addition, the designers have effectively developed their own identities via this globally presented work of art.

Conclusion

For several reasons, including the fact that each NFT is independently unique, the Bored Ape Yacht Club is an interesting effort. The standard by which all other NFTs are measured is often compared to them. As soon as a new fashion trend hits the market, you can be sure that the BAYC line will be there to capitalize on it.

Going to the BAYC website will give you a good sense of the group’s attitude. The crypto community believes that BAYC NFTs are more than just a cool symbol; they also make for a great financial investment. This article describes some pricey NFT monkeys and explains why the Bored Ape Yacht Club is so expensive.

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