• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home General News

Highest-Ever Returns on Holding & Minting Bored Ape NFTs

Hania by Hania
May 6, 2022
in General News
Reading Time: 3 mins read
A A
0
PFP NFTs: What Are They?
Tweet

In Brief:

    • Related articles
    • Top 5 Metaverse Tokens You Must Have In Your Portfolio
    • “India Leads The Global Crypto Adoption with 53% Of Users In 2023”
  • Founders of the Bored Ape NFT
  • Fortune to the BAYC holders :
    • Bored Ape #8585:
    • Airdrop of the Ape Coin:
      • Conclusion:

The Bored Ape Yacht Club (BAYC) is a trending collection of 10,000 Bored Ape NFTs [non-fungible tokens] minted on the Ethereum[erc20] blockchain back in April 2021.

Each of the 10,000 NFTs has different traits and unique characteristics, and presently they are among some of the top-ranked in the NFT marketplaces. Each BAYC NFT gives its holders additional rights to airdrops.

Related articles

Top 5 Metaverse Tokens You Must Have In Your Portfolio

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
"India Leads The Global Crypto Adoption with 53% Of Users In 2023"

“India Leads The Global Crypto Adoption with 53% Of Users In 2023”

March 21, 2023

Privileges like access to actual life events and performers; even allow them to monetize their Bored Ape NFT holdings through a copyright license or build their brand around their held NFTs and the privilege of being a member of a swamp club and a bathroom [virtual hangout places].

Founders of the Bored Ape NFT

The BAYC NFTs were created by Yuga Labs LLC, a pioneer in the NFT world. 

The people behind it are Greg Solano, Wylic Aronov, No Sass, and Emperor Tomato Ketchup; 4 friends who designed and created the Bored Ape intending to “make some dope apes, test their minting skills, and try to create something funny.” 

They cited the term ‘aping in’ and their liking for apes as the reason for choosing an ape as their NFT’s mascot. ‘Aping in’ is a crypto trading phrase that means to buy a currency or NFT, risking a significant sum of money that might have to be abandoned. 

Besides turning the Bored Apes into amongst the top NFTs and the most popular Avatars in the crypto enthusiasts’ and celebrities’ social media profiles, the BAYC creators also hold the credit of acquiring the Crypto Punks and MeeBits NFTs. The creation of the Mutant Ape Yacht Club [MAYC] NFTs, the Bored Ape Kennel Club [BAKC] NFTs, and the release of the ApeCoin [APE].

Fortune to the BAYC holders :

Highest Returns on Bored Ape NFTs
Highest Returns on Bored Ape NFTs

The MAYC NFT, the BAKC NFT, and the ApeCoin.The initial $70 – $ 90 floor priced BAYC NFT has brought in more than 145000% returns update to its holders since the start. Currently, a BAYC NFT floor price is around $366,980.

BAYC NFT holders got airdropped with Mutant Ape Yacht Club (MAYC) NFTs, which are minted by giving any of the three possible serum variations to the Bored Ape NFT, resulting in the creation of a new NFT, a mutant version of the Bored Apes.

Mutant Ape Yacht Club (MAYC) NFTs have a floor price of 23.99 Ethereum [$84,670], and 18,338 MAYC NFTs have been minted. 

Bored Ape #8585:

It is officially the most expensive non-fungible token (NFT) in the Yacht Club collection. The trippy ape, with a king’s crown, heart sunglasses, and a psychedelic body.

Bored Ape NFT: the most expensive in Yacht Club collection
Bored Ape NFT: the most expensive in the Yacht Club collection

They were given another additional NFT from the Yuga Labs, the Bored Ape Kennel Club (BAKC) NFTs, a collection of Shiba Inu breed dogs’ art pieces with a floor price of 7.25 Ethereum [$25,628] as of now. 

BAYC NFT holders can mint them by paying for the gas fees only. There are 9,602 BAKC NFTs that have been minted. 

Airdrop of the Ape Coin:

The holders of the BAYC, MAYC, and BAKC NFTs were airdropped with a different number of coins when the Ape coin was launched on March 17th. 

The ape coin is the cryptocurrency behind the Ape Foundation and the Ape ecosystem. It is listed in almost all of the biggest and most famous crypto exchanges, such as Coinbase and Binance, and it was listed soon after its launch. APE is currently trading at around $ 10.84 from the recent high of $16.

Bored Ape NFT holders have airdropped 10,094 Ape coins for each BAYC NFT,  2,042 Ape coins for each MAYC NFT, and 2,898 ApeCoins for holding pairs of MAYC and BAKC. 

Conclusion:

Combining the value of the BAYC, MAYC, BAKC NFTs, and the Ape Coin, we see that the returns are enormous. And these collectibles will gain more in value with time. As the Ape Community has stepped into the Metaverse and Web3, many brands, games, merch, and songs have been created circling the Bored Ape. 

A recent tweet about a hacking attack on the Bored Ape Yacht Club Discord emphasizes more the value and the popularity of its NFTs.

Tags: crypto newsNFTNFT News
Tweet47Share76ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Top 5 Metaverse Tokens You Must Have In Your Portfolio
NFT News

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
"India Leads The Global Crypto Adoption with 53% Of Users In 2023"
General News

“India Leads The Global Crypto Adoption with 53% Of Users In 2023”

March 21, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
General News

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX/Sam Bankman-Fried scandal
Business

Sam Bankman-Fried Pleas The Court To Provide His Legal Bills Reimbursement Top Priority

March 16, 2023
Euler Finance
Altcoin News

Euler Finance’s Bold Offer to Hacker: Keep $20M or Risk Prosecution

March 15, 2023
Bitcoin Hits $28k As Unpredictability Surrounds Banks
General News

Silicon Valley Bank Collapse Might Trigger A Run On US Regional Banks

March 14, 2023
Breaking_ New York regulators have closed Crypto-Friendly Signature Bank, claiming _systemic risk_
Regulation

Breaking: New York Regulators Have Closed Crypto-Friendly Signature Bank, Claiming “Systemic Risk”

March 13, 2023
Breaking_ New York regulators have closed Crypto-Friendly Signature Bank, claiming _systemic risk_
General News

Hedera Exploit: Smart Contract Code Targeted by Attackers

March 10, 2023
Crypto Market Distances Itself From Silvergate, Will It Follow In FTX's Footsteps_
General News

Silvergate The Crypto-Friendly Bank Shuts Down, The Latest Victim Of 2022’s Crypto Turmoil

March 9, 2023
Load More
  • Trending
  • Comments
  • Latest
OKX: An all-in-one trading platform that supports cryptos, derivatives, staking, and lending

OKX: An All-in-one Trading Platform That Supports Cryptos, Derivatives, Staking, And Lending

December 27, 2022
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Scam Alert: This Email Can Drain Your Crypto and NFT Wallet

January 21, 2023
Top 5 Metaverse Tokens You Must Have In Your Portfolio

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
HappyMiner

Earn Passive Income Cloud Mining With HappyMiner

March 19, 2023
Bitcoin ATM Rise Or Fall: In Less Than 60 Days, More Than 400 Machines Went Offline

Bitcoin ATM: How to use them?

1
All You Need To Know about Defi (Decentralized Finance)

All You Need To Know About DeFi (Decentralized Finance)

1
Robinhood enables the Web3 Wallet beta accessible to 10,000 users

Robinhood enables the Web3 Wallet beta accessible to 10,000 users

1
Mastercard Introduces a New Tool to Prevent Crypto Fraud

Mastercard Introduces a New Tool to Prevent Crypto Fraud

1
Top 5 Metaverse Tokens You Must Have In Your Portfolio

Top 5 Metaverse Tokens You Must Have In Your Portfolio

March 21, 2023
"India Leads The Global Crypto Adoption with 53% Of Users In 2023"

“India Leads The Global Crypto Adoption with 53% Of Users In 2023”

March 21, 2023
Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In