What is BAYC?

#BAYC - Bored Ape Yacht Club is a collection of 10,000 units of unique NFTs collection launched in April of 2021 and became one of the most popular and valuable NFT collections on the Ethereum network, with some of the individual NFTs selling for millions of dollars.

Bored Ape NFTs are known for their cartoonish apes and exclusive membership perks. Each BAYC NFT features a unique, programmatically generated ape with various traits like fur color, clothing, accessories, and overall, 170 different traits.

Owning a Bored Ape Yacht Club NFT grants you access to an exclusive online club called "The Bathroom".

The success of Bored Ape Yacht Club has attracted criticism surrounding the environmental impact of NFTs and potential market manipulation. BAYC and Yuga Labs have faced legal challenges, an investigation by the SEC for alleged unregistered security offerings and fraudulent celebrity endorsements. These legal issues reflect broader regulatory concerns around NFTs and blockchain digital assets. Then, on January 2022, BAYC faced controversy regarding nazi symbolism found in some of their apes.

BAYC creators denied any intentional use of nazi symbolism and stated that the design elements were meant to be humorous not representative of hateful ideologies.

It's important to note that due to its huge popularity and recognition by the publics Bored Ape Yacht Club NFT holders started using their BAYC NFTs as a branding foundation to launch a business.

Bored & Hungry: A fast food restaurant in Long Beach, California that uses four characters from the Bored Ape collection as part of their branding. And, Happy Dad: A hard seltzer brand launched by the Nelk Boys, that featured BAYC #8928 on the can and packaging. Who the faaah are the nelk boys?))

Overall, Bored Ape Yacht Club NFT is a significant crypto art success story and major league player in the blockchain space, and evidence of the potential for blockchain technology use case for creatives, marketing, business, unique digital asset creation, and fostering of online communities.

Here are some additional resources to learn more about BAYC:

Official Website: https://boredapeyachtclub.com/

OpenSea Collection: https://opensea.io/collection/boredapeyachtclub/activity

Wikipedia Page: https://en.wikipedia.org/wiki/Bored_Ape