Bored Ape Yacht Club (APE)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 5-2021
• Aka BAYC
• NFT Project

History

• From The Defiant (30-7-2021):

"Many were priced out of the OG avatar projects, and as a result, a new project looked to prioritize accessibility. The Bored Ape Yacht Club launched in May 2021 with a flat 0.08 ETH (around $270 at time of launch) mint price per ape. Moreover, the BAYC team fostered a dedicated community around the project with an extremely active Discord and special benefits for holders. Each BAYC NFT grants entry to a special “Bathroom” section on the official BAYC website where users can write digital graffiti on a communal wall."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Launch

• The BAYC social media account (9-10-2021):

"WEN TOKEN? Well, apes: We’re currently looking at Q1 2022."

Token Allocation

• 10k NFTs

NFT Distribution

• Owners: 4.9K (30-7-2021).
• From Our Network (5-2-2022):

"49% of Bored Apes are held in wallets that hold only 1 Ape. It shows that the NFT has moved between owners sufficiently in the process of price discovery in the past few months. A mere 3 wallets own more than 80 apes each but cumulatively, they own ~3% of supply."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum

Their Other Projects

Bored Ape Kennel Club

• From The Defiant (30-7-2021):

"BAYC launched a spin-off project in June 2021 called Bored Ape Kennel Club, wherein every Ape holder could adopt a pet dog NFT for free. All of BAYC’s proceeds from the 2.5% royalty they get for Bored Ape Kennel Club NFT resales on OpenSea are donated to charity.

The BAYC project set the gold standard for subsequent NFT avatar launches, and inspired many similar animal-based avatar projects that grant holders special perks."

Roadmap

• Can be found [Insert link here].

Usage

• Total volume of Bored Apes traded have crossed $1.3 billion (5-2-2022). The month with the highest volume so far has been August with close to $292 million. 49% of Bored Apes are held in wallets that hold only 1 Ape. It shows that the NFT has moved between owners sufficiently in the process of price discovery in the past few months. A mere 3 wallets own more than 80 apes each but cumulatively, they own ~3% of supply.
• Bored Ape Yacht Club (BAYC) is a collection that has seen over half a billion dollars in sales to date, and the collection holds the fifth-largest all-time volume according to dappradar.com metrics (9-10-2021).

Team, Funding and Partners

Team

• Full team can be found [here].
• Pseudononymous, but a buzz feed reporter doxxed them (2-2022).
• Yuga Labs

Funding

• Is in talks with Andreessen for a funding round puting the company at $5B (3-2-2022).

(:

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