[{"data":1,"prerenderedAt":326},["ShallowReactive",2],{"api/learn-center-post-en-GB-what-is-the-bored-ape-yacht-club-bayc":3,"en-gb/learn/web3/what-is-the-bored-ape-yacht-club-bayc-en-GB-seo":57,"footer-en-GB":62,"navigation-en-GB-learn-center":235,"api/learn-categories-en-GB":286},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is the Bored Ape Yacht Club? (BAYC)","What is the Bored Ape Yacht Club (BAYC)? | Bitstamp by Robinhood","What is Bored Ape Yacht Club? How does its APE token work? Read our guide to the BAYC and start trading APE on Bitstamp by Robinhood – the original crypto exchange.",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/What_is_bored_apepng_350b67dc40_48781fb327.png","image/png",".png",3840,2160,"What_is_bored_apepng_350b67dc40.png","",[],[20,23,26],{"pathname":21,"locale":22},"/learn/web3/what-is-the-bored-ape-yacht-club-bayc/","en",{"pathname":24,"locale":25},"/es/learn/web3/what-is-the-bored-ape-yacht-club-bayc/","es",{"pathname":27,"locale":28},"/en-gb/learn/web3/what-is-the-bored-ape-yacht-club-bayc/","en-GB",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/web3/","Web3",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-the-bored-ape-yacht-club-bayc",false,"\u003Cp>The Bored Ape Yacht Club (BAYC) is a collection of 10,000 profile picture-type Non-Fungible Tokens (NFTs) living on the Ethereum blockchain.\u003C/p>\n",{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":44,"width":45,"align":46},"\u003Cp>The Bored Ape Yacht Club (BAYC) is a collection of 10,000 profile picture-type Non-Fungible Tokens (NFTs) living on the Ethereum blockchain.\u003C/p>\n\u003Cp>The Bored Ape Yacht Club NFTs were created by a \u003Ca href=\"https://etherscan.io/address/0xBC4CA0EdA7647A8aB7C2061c2E118A18a936f13D#code\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">smart contract\u003C/a> that randomly chose from more than 170 traits to generate 10,000 unique cartoon apes. Those traits were divided among seven different artistic components of each ape (background, clothes, earring, eyes, fur, hat, and mouth), with certain ones being more uncommon than others. For instance, only 69 apes have “laser eyes” whereas more than 1,700 have “bored eyes.” This semi-random, computer-defined rarity is part of the appeal to collectors of generative art projects like the BAYC.\u003C/p>\n\u003Cp>What has distinguished BAYC from other NFT projects has been its strong sense of community and consistent generation of new content. From its members-only, digital community graffiti board called THE BATHROOM (similar to Reddit’s r/place) to airdrops of related NFTs like the Bored Ape Kennel Club, BAYC took a collection of digital art and made it into a global brand.\u003C/p>\n\u003Cp>Along with CryptoPunks, the BAYC NFTs epitomized the popularity of \u003Ca href=\"/en-gb/learn/crypto-101/what-are-nfts-non-fungible-tokens//en-gb/learn/crypto-101/what-are-nfts-non-fungible-tokens/\">non-fungible tokens (NFTs)\u003C/a> in 2021. Each ape NFT could be minted for only 0.08 ETH—around $200 at the time—during the project’s fair launch, meaning that anyone interested in an Ape could participate in the minting process. The popularity of the project soon drove up its prices on the open market, with the price of a single ape reaching as high as 150 ETH (worth more than $422,000 at the time).\u003C/p>\n\u003Ch2>How was the Bored Ape Yacht Club developed?\u003C/h2>\n\u003Cp>The BAYC was created by four pseudonymous founders who call themselves Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass.\u003C/p>\n\u003Cp>The BAYC launch was on April 30, 2021, and all 10,000 apes were minted within 12 hours. Since then, Yuga Labs (the company behind the BAYC, named after a villain from the video game Zelda who—appropriately—can turn enemies into 2D art) has developed the BAYC brand into a burgeoning ecosystem that includes NFT collections, a \u003Ca href=\"/en-gb/learn/crypto-101/what-is-cryptocurrency/\">cryptocurrency\u003C/a>, and even a \u003Ca href=\"/en-gb/learn/web3/what-is-the-metaverse/\">metaverse\u003C/a> project.\u003C/p>\n\u003Cp>Yuga Labs has secured funding from multiple venture capital sources, including a $450 million in a March 2022 seed funding round which valued the company at $4 billion. Participants included crypto VC firm a16z, game developer Animoca Brands, crypto exchange FTX, NFL star Colin Kaepernick, and rap artist Snoop Dogg.\u003C/p>\n\u003Cp>BAYC is operated by two other entities, the ApeCoin \u003Ca href=\"/en-gb/learn/crypto-101/what-are-decentralized-autonomous-organizations-dao/\">decentralized autonomous organization (DAO)\u003C/a> and the APE Foundation. The ApeCoin DAO governs the regulation of ApeCoin, the native token of the BAYC-inspired ecosystem, and it consists of all holders of the APE token. The DAO’s governance votes are enacted by the APE Foundation, who administers the day-to-day operations and management of projects supported by the community.\u003C/p>\n\u003Ch2>BAYC ecosystem\u003C/h2>\n\u003Ch3>Bored Ape Kennel Club (BAKC)\u003C/h3>\n\u003Cp>In June 2021, Yuga Labs announced its first reward to BAYC holders. Anyone who owned a Bored Ape at that time was airdropped (or sent) a companion dog from the Bored Ape Kennel Club (BAKC), a new collection of 10,000 NFTs.\u003C/p>\n\u003Cp>The dog NFTs could be minted for free (minus \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> gas fees) and could be bought and sold separately from their companion apes. This began the tradition of rewarding members of the BAYC community for owning their Ape NFTs.\u003C/p>\n\u003Ch3>Mutant Ape Yacht Club (MAYC)\u003C/h3>\n\u003Cp>In August 2021, Yuga Labs airdropped 10,000 “mutant serum” NFTs to owners of BAYC NFTs. When applied to a Bored Ape, the mutant serum created a member of the Mutant Ape Yacht Club (MAYC)—a new NFT based on the original BAYC NFT. Although the serum NFT was burned in the process, owners kept their original apes in addition to the new, mutated one.\u003C/p>\n\u003Cp>In addition to this mechanism, Yuga Labs also sold 10,000 additional Mutant Apes for 3 ETH each and raised $96 million over the course of only an hour. This brought the total number of Mutant Apes to 20,000.\u003C/p>\n\u003Ch3>ApeCoin (APE)\u003C/h3>\n\u003Cp>In March 2022, the APE token was released under the guidance of the ApeCoin DAO and with administrative oversight by the APE Foundation.\u003C/p>\n\u003Cp>\u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-apecoin-ape/\">Apecoin (APE)\u003C/a> is a fungible, ERC-20 token built on the Ethereum blockchain and a portion of the supply was airdropped to BAYC and MAYC owners. Each holder of a BAYC NFTs was able to claim 10,094 APE tokens (worth more than $100,000 at the time) and each holder of a MAYC could claim 2,042 APE (worth more than $20,000 at the time.)\u003C/p>\n\u003Cp>As a cryptocurrency, the stated purpose of APE is to support the development of a decentralized web3. According to the developers of ApeCoin, the four main purposes of APE are:\u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>Governance\u003C/strong> – Participate in the ApeCoin DAO by making decisions about the direction of the community and partnerships with other ventures.\u003C/li>\n\u003Cli>\u003Cstrong>Spending\u003C/strong> – Use it as a decentralized currency, powered by the Ethereum blockchain.\u003C/li>\n\u003Cli>\u003Cstrong>Access\u003C/strong> – Hold the tokens to be granted future opportunities as part of the community.\u003C/li>\n\u003Cli>\u003Cstrong>Incentivization\u003C/strong> – Incorporate it into the ecosystems of new blockchain projects like games or metaverses.\u003C/li>\n\u003C/ul>\n\u003Cp>Of note, there is a maximum fixed supply of APE, meaning that, according to the software’s rules, there will only ever be 1 billion APE tokens.\u003C/p>\n\u003Ch3>Otherside\u003C/h3>\n\u003Cp>In March 2022, Yuga Labs announced its intentions to launch its own metaverse project, Otherside. It officially held a sale of metaverse land (called Otherdeeds) on April 30, 2022—exactly one year after the minting of the BAYC.\u003C/p>\n\u003Cp>In total, 55,000 parcels of digital real estate were offered. Each was priced at 305 APE (around $6,000). In total, Yuga Labs generated more than $300 million through the sale—all transacted in ApeCoin.\u003C/p>\n\u003Ch2>Why own a Bored Ape?\u003C/h2>\n\u003Cp>There are many reasons people seek out owning an NFT of the BAYC ecosystem, chief among them is that owning a Bored Ape comes with a sense of community and perks.\u003C/p>\n\u003Cp>In the months after its minting, BAYC became popular among celebrities. NBA superstar Steph Curry famously bought his Ape for around $180,000 and then made it his profile picture on Twitter. Others also joined, including nighttime TV host Jimmy Fallon, NFL quarterback Tom Brady, and rap legends Eminem and Snoop Dogg.\u003C/p>\n\u003Cp>The exclusivity of the community was a big draw for celebrities and crypto enthusiasts alike. Holders of BAYC and MAYC NFTs are privy to certain perks like members-only events and exclusive merchandise. In this way, the apes are just as much membership cards as they are generative art.\u003C/p>\n\u003Cp>Additionally, owning a bored ape entitles users to the rights to that image, and holders can use their apes to build products around. For example, the Bored and Hungry burger joint located in Southern California centered its brand and marketing around the owner’s BAYC and MAYC.\u003C/p>\n\u003Cp>Finally, there are those who seek out the value of NFTs as investments. There have been a number of headline-making sales of Bored Apes. One of the most notable was the sale of a collection of 101 Bored apes that sold at traditional auction house Sotheby’s in September 2021 for over $24 million.\u003C/p>\n\u003Ch2>Bored Ape Yacht Club essentials\u003C/h2>\n\u003Cul>\n\u003Cli>The Bored Ape Yacht Club (BAYC) is a collection of 10,000 generative art NFTs depicting stylized apes.\u003C/li>\n\u003Cli>The company that created the BAYC has expanded the world of the apes into additional NFT collections (Mutant Ape Yacht Club, Bored Ape Kennel Club), a cryptocurrency (ApeCoin), and a metaverse concept (Otherside).\u003C/li>\n\u003Cli>Beyond generative art hosted on the blockchain, the BAYC derives its value from a strong community backing, using the NFTs themselves as a kind of membership card.\u003C/li>\n\u003C/ul>\n\u003Cp>This webpage has been approved as a financial promotion by Bitstamp UK Limited which is registered with the UK’s Financial Conduct Authority. Please read the \u003Ca href=\"/legal/risk-warning/\" rel=\"nofollow\">Risk Warning Statement\u003C/a> before investing. Cryptoassets and cryptoasset services are not regulated by the Financial Conduct Authority. You are unlikely to be protected if something goes wrong. Your investment may go down as well as up. You may be liable to pay Capital Gains Tax on any profits you earn.\u003C/p>\n","full","left",{"text":17},[],[],"July 29th, 2024",{},{"title":32,"url":31,"geofencings":53},{},{"previous":55,"next":56},"/en-gb/learn/web3/what-is-proof-of-history/","/en-gb/learn/web3/what-is-the-metaverse/",{"description":7,"ogDescription":7,"ogImage":58,"twitterImage":58,"twitterSite":59,"twitterCreator":59,"twitterCard":60,"twitterTitle":6,"twitterDescription":7,"titleTemplate":61},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/What_is_bored_apepng_350b67dc40_48781fb327.png","@Bitstamp","summary_large_image","%s",{"ready":33,"sections":63,"disclaimer":233,"copyright":234},[64,102,115,138,175,194],{"title":65,"content":17,"items":66},"About",[67,72,77,82,87,92,97],{"noFollow":33,"isExternal":36,"name":68,"value":69,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":70,"geofencings":71},"Who We 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Pulse","/crypto-pulse/",{},{},{"title":176,"content":17,"items":177},"Address",[178,182,186,190],{"noFollow":36,"isExternal":36,"name":179,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":180,"geofencings":181},"Bitstamp Ltd",{},{},{"noFollow":36,"isExternal":36,"name":183,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":184,"geofencings":185},"5 New Street Square",{},{},{"noFollow":36,"isExternal":36,"name":187,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":188,"geofencings":189},"London, EC4A 3TW",{},{},{"noFollow":36,"isExternal":36,"name":191,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":192,"geofencings":193},"United Kingdom",{},{},{"title":195,"content":17,"items":196},"Contact",[197,202,206,210,214,218,223,228],{"noFollow":36,"isExternal":36,"name":198,"value":199,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":200,"geofencings":201},"Customer 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":224,"value":225,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":226,"geofencings":227},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":229,"value":230,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":231,"geofencings":232},"+352 20 88 10 96","+35220881096",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"items":236,"ready":33,"platformButtonText":282,"backButtonText":283,"logInButtonText":284,"signUpButtonText":285},[237,242,248,251,255,260,265,268,273,278],{"headerName":238,"sidemenuName":119,"url":239,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":240,"submenu":241,"tag":17},"Institutions","/en-gb/institutional-trading/",{},[],{"headerName":243,"sidemenuName":243,"url":244,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":245,"submenu":246,"tag":247},"Derivatives","/perpetual-futures/",{},[],"NEW",{"headerName":134,"sidemenuName":134,"url":135,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":249,"submenu":250,"tag":17},{},[],{"headerName":252,"sidemenuName":252,"url":107,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":253,"submenu":254,"tag":17},"Mobile App",{},[],{"headerName":256,"sidemenuName":256,"url":257,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":258,"submenu":259,"tag":17},"Markets","/markets/",{},[],{"headerName":261,"sidemenuName":261,"url":262,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":263,"submenu":264,"tag":17},"Earn Stake","/en-gb/crypto-staking/",{},[],{"headerName":111,"sidemenuName":111,"url":112,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":266,"submenu":267,"tag":17},{},[],{"headerName":269,"sidemenuName":269,"url":270,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":271,"submenu":272,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":274,"sidemenuName":274,"url":275,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":276,"submenu":277,"tag":17},"Learn","/learn/",{},[],{"headerName":279,"sidemenuName":279,"url":107,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":280,"submenu":281,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[287,291,295,299,303,307,311,315,319,323],{"title":288,"url":289,"geofencings":290},"Blockchain technology","/en-gb/learn/blockchain/",{},{"title":292,"url":293,"geofencings":294},"Company profiles","/en-gb/learn/company-profiles/",{},{"title":296,"url":297,"geofencings":298},"Crypto 101","/en-gb/learn/crypto-101/",{},{"title":300,"url":301,"geofencings":302},"Crypto definitions","/en-gb/learn/crypto-definitions/",{},{"title":304,"url":305,"geofencings":306},"Crypto trading","/en-gb/learn/crypto-trading/",{},{"title":308,"url":309,"geofencings":310},"Cryptocurrency guide","/en-gb/learn/cryptocurrency-guide/",{},{"title":312,"url":313,"geofencings":314},"People profiles","/en-gb/learn/people-profiles/",{},{"title":316,"url":317,"geofencings":318},"Security","/en-gb/learn/security/",{},{"title":320,"url":321,"geofencings":322},"Tutorials","/en-gb/learn/bitstamp-tutorials/",{},{"title":32,"url":324,"geofencings":325},"/en-gb/learn/web3/",{},1775562986591]