Bored Ape Yatch Club (BAYC) is another collection of non-fungible tokens (NFT) that have ridiculous value!
Want to know why this Bored Apes collection is expensive? Let's check it out!
Limited
Just like CryptoPunks, there are only 10,000 Bored Apes in this world.
Due to its limited quantity, makes its value high.
Popularity
The involvement of more celebrities in the Bored Apes collection has increased interest and price towards this collection
Jimmy Fallon, Stephen Curry, Post Malone and Eminem are among those who have had Bored Apes.
Unique
The project that allows him to evolve into one character over another makes Bored Apes even more unique.
The latest innovation of NFT Mega Mutant Serum (M3 Mutant Serum) is capable of transforming the original ape, making the collection unique and attracting more people to own it even at a high price.
NFT Earliest
Although not the first, but Bored Apes is also one of the few earliest NFT collections.
CryptoPunks is the first NFT collection sold at a high price.
Privilege Rewards
Usually NFT is offered with different privileges
BAYC offers special benefits that can only be unlocked by Bored Apes owners.
These include commercial rights, exclusive access to the site for members only and private events such as parties on a yacht.
Just like any other collection, so is Bored Apes. There is a lot of subjectivity in determining their value. It’s valuable because there are people willing to pay to get it.
