What is bored ape Yacht Club?

Bored Ape Yacht Club, often colloquially called Bored Apes, Bored Ape or BAYC, is a non-fungible token (NFT) collection built on the Ethereum blockchain. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm. The parent company of Bored Ape Yacht Club is Yuga Labs. [1]

What are bored ape NFTS?

Each Bored Ape also gives its owner membership to the club and grants access to some benefits that are dedicated to the selected few. Bored Ape NFTs. Source: NFT Culture Each NFT has its unique traits such as clothing, headwear, expression, and more. Just as other NFTs on Ethereum, these are stored as ERC-721 tokens.

What does Timbaland do with bored ape Yacht Club?

"Timbaland Unites With Bored Ape Yacht Club Owners to Form Artist-Owned Ape-In Productions". Variety. Penske Media Corporation. Archived from the original on 22 April 2022. Retrieved 21 June 2022. ^ a b c Lee, Isabelle (January 4, 2022). "Sales of Bored Ape Yacht Club NFTs jump past $1 billion amid heightened interest from celebrity collectors".

What celebrities have bought the bored ape Yacht Club NFT?

This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion. Various celebrities have purchased these non-fungible tokens, including Justin Bieber, Snoop Dogg, Gwyneth Paltrow and others. [5] [6] [7] [8] [9] [10] [11]