Like it or not, you've probably been watching a Bored Ape Yacht Club NFT. This is particularly true if you're already on Twitter, where the founders of the Bored Ape Yacht Club NFTs use them as profile pictures. Steph Curry, Post Malone, and Jimmy Fallon are among the owners.

Bored Ape Yacht Club NFT or Bored Ape Collection, is one of the most effective non-fungible token collections, it was launched in April 2021 and consists of 10,000 Bored Ape. Currently, the lowest price for a boring monkey is 52 ether. They often sell for much more.

The Bored Ape Yacht Club NFT, as anything related to NFTs, is divisive. Those who own and trade gear like NFTs are extremely envious of monkey owners, and those who don't are confused and distrustful. 

The arts contribute to some of his achievements, but not all. Here's a roundup of everything you need to know about Bored Ape Yacht Club's NFT Collection.

About Bored Ape Yacht Club

The Bored Ape Yacht Club is actually a collection of 10,000 NFTs of distinctive bored ape faces, they are one-of-a-kind virtual collectibles running on the Ethereum blockchain technology. You can purchase one of the 10,000 bored monkeys at Opensea.io

The Bored Ape also serves as the user's Yacht Club membership card, which also grants users access to various membership benefits, such as THE BATHROOM, a type of collaborative graffiti board. 

In fact, the community could activate future areas as well as additional benefits by activating the roadmap.

Minimum price: 49.8 ETH

Market capitalization: 498,000.0 ETH

24-hour volume: 1,315.34 ETH

Highest selling price: 769.0 ETH

Owners: 5,939

Total assets: 10,000

Two Kinds of Bored Ape Yacht Club NFT Art

There are two main types of NFT art. First of all, there are one-of-a-kind pieces of visual art put up for sale as NFTs, much like paintings in real situations. 

Think of the Beeple NFTs that fetched $69 million at Christie's auctions. 

Second, there are the NFT collections, also known as "projects", such as the Bored Ape Yacht Club . They are similar to Pokémon cards in that they start with a template and then go on to churn out hundreds or thousands of variations, each ranked in terms of rarity. 

In the case of BAYC, there are 10,000 apes, each of which has unique "properties" such as different types of fur, facial expressions, clothing, and accessories.

How much does a Bored Ape Yacht Club NFT cost? 

His own star-studded roster includes Jimmy Fallon, Steph Curry, and Post Malone. Currently, users can pay for a Bored Ape Yacht Club NFT that costs 52 ether, or $210,000, which is the lowest price.

Unexpected trades are often indicative of shady deals, as in the particular case of the man who spent $530 million to buy an NFT. 

The reason in the recent case was a direct and disastrous "big toe mistake". That's when humans make an online trade for the wrong item or the wrong amount. 

The holder's real name, Max or username maxnet, intended to sell his Bored Ape for 75 ether, or roughly $300,000. Rather, he inadvertently listed it for 0.75, one-hundredth of the predicted value.

What's so valuable about the Bored Ape Yacht Club NFT?

This is a tough question. The simple answer is that, as with real-world art, an appraisal is completely subjective.

Let's start from the early stages. A team of 4 pseudonymous developers and programmers, Gargamel, Gordon Goner, Emperor Tomato Ketchup, as well as No Sass, formed the Bored Ape Yacht Club in late April 2021. 

It typically took hours for the 10,000 to sell at 0.08 ether, or about $190. The price increased substantially from April to July.

what it helps to do Bored Ape Yacht Club NFT and any other beneficial NFT collection is a matter of opinion. In general, it is a mixture of three elements. Influencer/celebrity engagement, community strength, as well as member benefits.

The first is obvious. There are those who would like an NFT if celebrities have one. 

On November 8, Tonight Show host Jimmy Fallon purchased a Bored Ape Yacht Club NFT (for $145,000) and has since used it as his Twitter profile picture, on which he has 50 million followers.

Second, consider utility. This development of NFT projects are often claimed to provide an advantage, such as connectivity to games to earn money or the ability to use an NFT gaming development to buy and sell cryptocurrency.

To keep starters engaged, the Bored Ape Yacht Club undertook a couple of other things. Initially, the Bored Ape Kennel Club was established, allowing owners to "adopt" a canine NFT with characteristics similar to those of the Bored Apes. 

In August the occasional gift arrived: virtual bottles containing mutated serum. Bored Ape can be combined with serum by holders to create a mutant Ape, one more NFT. Kennel Club and Mutant Ape NFTs sell for a hefty price, with starting prices around $14,000 and $26,000, respectively.

And perhaps the most vital component is the community that has grown around a collection. The Bored Ape Yacht Club has attended meetings in New York and California, even Hong Kong and the UK. 

Recently, a headline-making carnival weekend was held in New York, complete with a real yacht party and concert featuring Chris Rock, Aziz Ansari and The Strokes.

What's next in the Bored Ape Yacht Club NFT collection?

After the star-studded party in New York, the next members-only upside for Bored Ape, as well as Mutant Ape owners, will be a mobile game. 

Leaving aside the fact that the game will be available for 10 days and also that the prizes will probably be of enormous value, information seems to be scarce.

What people do with their monkeys, but on the other hand, it's weird. Owning a Bored Ape NFT gives users full commercial rights to it, which owners put to good use. 

A bored monkey owner created a Twitter account for his monkey and produced a backstory for him that transformed him into Jenkins, a slave who appears to work for the Yacht Club. 

Jenkins agreed to sign with a real-world agency in September. He ends up getting his own life story, which is written in part by New York Times bestselling author Neil Strauss. Universal Music Group made an investment by forming a band consisting of three bored apes and a mutant ape.

You may think NFTs is ridiculous and bad for the environment, but boring monkeys aren't going away anytime soon.