Opensea bored ape ape nfts nftnewarcointelegraph

opensea bored ape ape nfts nftnewarcointelegraph

Yet, members of the club themselves won’t hesitate to advise you that buying a Bored Ape NFT at the floor (the lowest amount of money you can spend to buy an NFT) is always worth the money, as the perks of joining outweigh the loss of ETH. And by “perks” we mean financial gains.

Thus far, the BAYC community has received quite a few rather pricey member rewards:

  • Members have the commercial usage rights to their apes. Meaning they can make and sell prints, T-shirts, coffee mugs, etc.
  • BAYC also released their own merch, which was exclusive to Bored Ape NFT owners. This required members to sign in using their ETH wallet to verify ownership prior to purchase.
  • A new project called the Bored Ape Kennel Club (BAKC) was launched, and the entire supply of NFTs was airdropped exclusively to Bored Ape owners. 1 Ape = 1 Dog.


Today, Seneca has dropped her own NFTs, and she is working to gain recognition for her work and contributions to Bored Apes.

In interviews, Seneca has stated that she’s not happy with the way she was compensated for her art or with the lack of acknowledgment she received. After her initial public statements, a debate started in the NFT community regarding the ways NFTs seem to be perpetuating many of the negative aspects of traditional art markets i.e., company founders profiting at the expense of artists.

Where did the idea for BAYC start?

Before the idea for BAYC was born, as the troop originally began conceptualizing an NFT project, they found that their ideas for “art” were more fitting for display on a bathroom wall than on a traditional canvas.


To accomplish this, as they’ve done with their own BAYC collection, Yuga Labs stated that they will transfer intellectual property (IP), commercial, and exclusive licensing rights to the individual NFT holders of CryptoPunks and Meebits. This will enable CryptoPunks and Meebits owners to create artwork and products based on their NFTs the same way BAYC owners have.

This was the first sign of major consolidation in the NFT community — of major NFT creators buying out their competition. It remains uncertain exactly what this means for the NFT community and whether such acquisitions will ultimately be a good or bad thing.

What is the $APE token?

March 2022 was a big month for Yuga Labs.
Just days after the announcement that they’d acquired CryptoPunks and Meebits, they announced the launch of a new token, ApeCoin ($APE).


PAYC told The Verge on Twitter that it hasn’t received any legal threats from the BAYC team.

So far, both projects appear more concerned with trying to make their apes tradeable online. NFTs are theoretically supposed to live outside any given platform, but markets like OpenSea have become huge bottlenecks by simplifying the selling process. While the sites have hosted plenty of NFT projects based on stolen art, they’ve delisted copycats like CryptoPhunks in response to complaints from companies like CryptoPunks creator Larva Labs, and they’ve banned some individual NFTs that were stolen from their owners.

So perhaps we shouldn’t ring the alarm bells too early?

The future of BAYC

The Bored Ape community is still a dynamic, high-spirited space — with a roadmap centered on providing continuous utility to its members. It’s true that time moves incredibly fast in the NFT space, so the question in the air is “what’s next?”

For starters, numerous Bored Ape owners have had the opportunity to sell their apes for a profit. And this is potentially life-changing money we’re talking about.
The highest selling BAYC NFT of all time, Ape #8817, raked in $3,408,000 at a Sotheby’s Metaverse auction in October 2021. The Ape sports a wool turtleneck, rainbow spinner hat, and silver hoop earrings. In the coming months, we will likely see Bored Apes go for even more.

The company is also making a lot of money.

There can be a few reasons why you are unable to send a direct message to someone. Here are the possible reasons below: You don’t share a server with the recipient. You’ve disabled direct messages on your shared server. You have not completed the required membership screening steps in your shared server. The recipient is only accepting direct. Sep 02, 2021 · Now, if you want a Bored Ape NFT, you have to buy one on a secondary market, mainly on OpenSea. They’ve gotten pretty pricey. They’ve gotten pretty pricey.
The cheapest apes currently go for …. BoredApe Yacht Membership (BAYC) reclaims the primary spot Final week, Crypto reported that BAYC had misplaced its place because the main NFT assortment on OpenSea by quantity.

Onde comprar NFT: Binance e OpenSea . … BoredApe: Yuga Labs é hackeada e perde US$ 360 mil em NFTs . 6/6/2022. há 7 dias. Browser Crypto: conheça o navegador da Opera para criptomoedas. BoredApe Yacht Club is a limited NFT avatar project built on Ethereum. Only 10,000 BoredApes exist, making them extremely scarce.

Besides being rare and cool-looking, each BoredApe NFT token doubles as membership to an exclusive online hangout called the swamp club. When BoredApe YC launched in April, they sold out in a single day for just. The BoredApe Floating Club is a Collection of 2000 unique Floating Ape.

Constructed from nearly 150 Possible Traits Each Ape is unique with Features, Identities and Personalities Combined from many Different Categories..

Subsequently, they kept their community interested — and individuals interested in buying their NFTs vis secondary sales — by continually offering more perks.

All of this has functioned to increase the cost of theBored Ape NFTs.

BAYC utility: What does BAYC offer its community

At this point, you’ve probably guessed that there’s a lot more to BAYC than just NFTs. And you’re right. The Bored Ape Yacht Club is a club. At least, that’s what the creators are trying their very best to make it feel like.

And the hangout spot for this club? The Bored Ape Discord.

At this point, the only way to join this “exclusive” club is to purchase a Bored Ape via secondary sales. Although enrollment started out low, the ape floor is now usually sitting at over 100 ETH, which is just shy of $300,000.

But Yuga Labs owns the copyright on its ape images, and PAYC and PHAYC were booted from OpenSea apparently for violating its rules against copyright infringement. (PAYC was also removed from competing markets Rarible and Mintable, although PHAYC is still listed on Rarible.) If Yuga Labs files a formal legal complaint, PAYC and PHAYC could potentially defend their apes as transformative fair use, following the footsteps of people like appropriation artist Richard Prince. But there’s very little legal precedent surrounding NFTs at all, let alone their copyright implications specifically.

Yuga Labs didn’t immediately respond to a request for comment on whether it might file such a complaint, and PHAYC didn’t respond to a Twitter message about the issue.

Making the BAYC NFTs was the first step toward fulfilling this ambition.

That’s the basics of the company, but what about the people behind Yuga Labs?

The individuals who created Yuga Labs all used pseudonyms until two of the four founders were doxxed by BuzzFeed in a February 2022 article. They went by the names Gargamel, Gordon Goner, Emperor Tomato Ketchup, and Sass. After the February 2022 doxxing, all founders publicly stated their real identities via Twitter.

Gargamel is Greg Solano, who is a writer and book critic. Gordon Gone is Wylie Aronow, a former student. Sass and Tomato Ketchup revealed that their real names are Zeshan and Kerem. Both of the latter are software engineers.

Welp, here we go…

Hey, I’m Zeshan.

Nice to meet y’all (:

Web2 me vs.

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