Who owns BAYC?

BAYC #6723

American rapper and NFT collector Snoop Dogg owns a full set of BAYC, MAYC (M1 and M2) as well as a Bored Ape Kennel Club. Snoop Dogg, also knwon by his alias Cozomomedici on Twitter, also owns CryptoPunks, Artblocks, XCOPY and many other high-value NFTs.

Who is behind BAYC?

That was until Yuga Labs came along. That's the company behind the $3 billion Bored Ape Yacht Club (BAYC) collection. Unlike most NFT projects before it, Yuga Labs introduced new and improved strategies for enabling engagement and building a sustainable NFT ecosystem.

Who owns a BAYC NFT?

Steph Curry is now part of the Bored Ape Yacht Club (“BAYC” in his Twitter bio), a collection of 10,000 unique Bored Ape NFTs.

How much is BAYC worth?

According to Be[In]Crypto research, BAYC ended May with a trading price of $152,658.

What makes BAYC so expensive?

Some basic economics here: because there are only 10,000 Bored Apes, the supply of the NFT art is pretty limited. Coupled with the massive interest in the brand, we have a high-demand/low-supply dynamic that inevitably drives prices up. To boot, some Bored Ape avatars within the same collection are rarer than others.

List Of Every Celebrity Who Owns A Bored Ape Yacht Club NFT BAYC

Why is BAYC so popular?

BAYC is not only a trading card collection with visually appealing ape cartoons. Owners of each BAYC NFT receive the commercial usage rights, which they can build products upon. The tokens act as ID cards to an online clubhouse designed to look like a cool dive bar and even real-world private events.

Who bought the most expensive NFT?

Finally, the most expensive NFT to ever sell was Pak's 'The Merge'. The $91.8m price tag was a record for an artwork sold publicly by a living artist. The NFT was sold on Nifty Gateway to 28,893 collectors who purchased 312,686 units of mass (which were single NFTs).

Who founded Yuga labs?

Yuga Labs itself was spearheaded by two individuals who went by the pseudonyms of Gordon Goner and Gargamel and who later enlisted the help of two software engineers known as Emperor Tomato Ketchup and Sass.

How does Yuga labs make money?

Bored Ape Yacht Club makes money through the issuance of new digital artwork as well as via royalties from secondary sales and other transactions. As previously stated, Yuga Labs, the studio behind BAYC, had dropped two different sets of apes so far.

Who created NFT?

The first known NFT was minted on May 3, 2014, by digital artists Kevin McCoy and Anil Dash. The NFT, called Quantum, was a short video clip of McCoy's wife Jennifer. McCoy later minted this clip on the Namecoin blockchain and later sold it to Dash for $4.

What is the royalty on BAYC?

BAYC makes money not just from the initial sale (approximately $2 million) of its NFT apes, but also from a 2.5% royalty on future trades.

How much are NFT apes worth?

Many of the NFTs are seen as more rare or desirable, and likely would sell for more than $292,000 worth of ETH. Some Bored Apes have sold for well over $1 million apiece. An NFT works like a deed of ownership to a digital item—in this case, a profile picture or illustration of a disinterested ape.

How long did it take for BAYC to sell out?

BAYC sold out 12 hours later. Notably, the BAYC team said in interviews that they didn't communicate with Pranksy ahead of the sale. Over the next month, one significant thing started to happen: Ape secondary sales began to pick up fast.

Who is the CEO of Yuga labs?

“Already, a new economy is possible with the IP of Apes, Punks, and Meebits, owned by the community,” said Nicole Muniz, CEO of Yuga Labs. “The possibilities for blockchain's impact on culture are endless, and so we are building a beautiful, interoperable world for people to explore and play in. There's a lot to come.”

What is NFT bored ape?

The Bored Ape Yacht Club is a collection of tens of thousands of NFTs. Celebrities like Eminem, Serena Williams, Stephen Curry, Shaquille O'Neal, and Justin Bieber bought at least one of the Bored Ape Yacht Club's non-fungible tokens.

Why is bored ape NFT so expensive?

Bored Ape NFTs are expensive because they're rare. Each Bored APE has a unique design, some of which can be customized using mutations! Owning a Bored Ape NFT unlocks exclusive benefits like access to discord and community events that even rich celebrities attend.

How much is Tory Lanez NFT selling for?

How much is Tory Lanez' NFT on sale for? The original copies are now trading for several thousand times more than their original price. Tory said on Instagram an album sold for $1 can now be bought for $60,000.

What is the most expensive NFT sold in 2021?

1. Pak's 'The Merge' — $91.8m. Pak/Nifty The Merge was bought by 28,983 collectors for a total of almost $100m. Another Pak piece, The Merge officially became the most expensive NFT ever sold on December 2, 2021, with almost 30,000 collectors pitching together for a total cost of $91.8m.

What NFT has made the most money?

Everydays: The First 5000 Days: $69.3 Million

The record for the most expensive NFT ever sold (and one of the most expensive artworks ever sold) goes to EVERYDAYS: THE FIRST 5000 DAYS.

Why did BAYC explode?

The BAYC NFTs collection surged to prominence over the last year, in part due to high-profile purchases by celebrities like Snoop Dogg, Serena Willimas, Jimmy Fallon, and recently Justin Beiber.

Who owns most Bored Apes?

From buying and selling to creating, DJ Steve Aoki has a longer history with NFTs and Bored Apes than most celebrity ape owners. Other than BAYCs like #118, #1867, #3719, #4190, #5823, #8716, #9050, #9394, Mutant Ape #17438 and Mutant Ape #17439 in his NFT collection, he also owns CryptoPunks.

Who made Bored Ape Yacht Club?

The Bored Ape Yacht Club was developed by Yuga Labs. At the time, Yuga Labs consisted of four people, all of whom went by pseudonyms. There's Gordon Goner and Gargamel, who are the two co-founders, and two friends who helped on the development side, No Sass and Emperor Tomato Ketchup.

What is the most expensive Bored Ape?

Bored Ape Yacht Club #7090: $2,272,620

It was only held for a month before being sold for 600 ETH, or $2.25 million. It established a new high for BAYC NFT, making Bored Ape #7090 one of the most expensive BAYC NFT ever sold. A whopping 303 percent or $1.69 million return in a month!

How much does mint BAYC cost?

The most successful avatar project since CryptoPunks, Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30.