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What Makes BAYC so Popular?
While NFTs have been around since 2014, 2021 marks the year non-fungible tokens made it into the mainstream. But the desirability of the bored ape NFT goes beyond the recent NFT hype. The Bored Ape Yacht Club is one of the most valuable NFT collections out there and many argue it boomed due to celebrity popularity.
What makes bored ape NFTs so expensive is the fact that these are owned by the right people. Celebrities such as Tom Brady and Kevin Hart have not only publicized their support for the NFT space and Blockchain industry but have collections of their own. The celebrity hype is what makes it expensive.
Many celebrities made their bored ape NFTs their profile photos on social media. The BAYC NFTs are also known as profile picture (PFP) NFTs which essentially give free promotion to the project. They are also a sign of exclusivity and increase the desirability of the BAYC NFT collection.
While celebrity endorsements matter, the Bored Ape Yacht Club’s launch of new projects and alterations have arguably kept the hype going.
Who Owns Bored Apes?
In the summer of 2021, the hype surrounding bored apes NFTs reached a new level with celebrities publicizing their ownership. Let’s take a look at some of the largest celebrity bored ape owners out there.
Celebrity Bored Ape NFT Holders
- Paris Hilton: In early 2022, Hilton announced on the Tonight Show starring Jimmy Fallon that she joined the Bored Ape Yacht Club when she purchase ape #1294 for 119 ETH, around $275,000 at the time. Her ape features red fur, sunglasses, and an s&m hat.
- Madonna: Madonna joined the Bored Ape community in March 2022 when she purchased ape #4988 for 180 ETH, around $500,000 at the time. The ape features a quirky shirt, pink fur, and blue eyes.
- Tom Brady: The football quarterback Tom Brady purchased Bored Ape #3667 for 133 ETH. It ranks as the 4,252nd rarest in the Bored Ape NFT collection.
- Justin Bieber: Justin Bieber purchased the Bored Ape #3001 in January 2022 for 500 ETH, a crying ape with brown fur and a black t-shirt. The BAYC community questioned his decision as he paid around 4x the market value for an NFT that was not considered rare.
- Jimmy Fallon: Fallon purchased ape #599 for 46.6 ETH with the crypto app Moonpay. His ape includes a navy striped tee, heart sunglasses, and a sea captain’s hat.
- Post Malone: Post Malone joined the Bored Ape NFT community with two ape NFTs for around $700,000. Ape #961 features in Post Malone’s music video with The Weeknd for the song „One Right Now“.
- Kevin Hart: Comedian Kevin Hart purchase ape #9258 in January 2022 for 79.5 ETH, costing him $200,000 at the time. His ape features a rainbow spinner hat and angry eyes.
- Snoop Dogg: Snoop Dogg is an avid NFT collector. He owns a Bored Ape Kennell Club, as well as a full set of BAYC and MAYC. He owns many other valuable NFTs.
- Mark Cuban: Billionaire Mark Cuban owns the Bored Ape Yacht #1597. It was given to him as a gift and features a Hawaiian shirt and cheetah fur.
- Shaquille O’Neal: Shaw has dived into Mutant apes, opening MAYC #14452 with crosses on its eyes, a part of Bored Ape Yacht Club’s third collection. He purchased it for 4.8 ETH, around $200,000.
So why would one want to purchase such an expensive BAYC NFT? The reality is that the value for ape owners is unparalleled to other digital images in the NFT community. Bored ape owners are given access to one of the world’s most exclusive social clubs in the NFT world, the Bored Ape Yacht Club. Being a member of the BAYC has its benefits as Yuga Labs makes sure to keep things interesting.
The Bored Ape Kennel Club (BAKC)
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