Bored Ape Yacht Club (BAYC) NFTs have the potential to develop a cult following within the NFTs community. Simply stated, Bored Ape NFTs are one of the most costly and popular NFT ventures, as they feature images of punk apes with dissatisfied attitudes and human clothing on metal bodies.
The BAYC NFTs are supported by Yuga Labs, a bona fide Web 3.0 startup, and come with 10,000 apes with varying “properties,” including fur, clothing, headgear, eyes, and so forth.
The market value of Monkey NFTs is a major factor in their rising popularity. Currently, the typical price for a single NFT Monkey is somewhere around 2090 ETH, or roughly $3408,000. A comparison to comparable NFTs will help you understand why this price is higher than average.
Furthermore, as more people become interested in collecting monkey NFTs, their value is forecast to rise.
The price of NFT Monkey tokens will keep climbing as long as more buyers are prepared to pay the higher asking price.
What are NFT Monkeys or Bored Apes’?
Featuring 10,000 original drawings, NFT Bored Apes is an illustrated ape collection like no other. Each image features a colorful background and a photograph of an ape. The 10,000 possible NFTs can be generated by randomly rearranging the Apes’ various attributes.
There are many possible variations of every aspect of the picture. Accessories like headgear and clothes vary. It’s possible to modify the smile, eye color, and mental disposition all at the same time.
These pictures are purchased, sold, and exchanged like any other NFT. Apes can be crafted from a wide variety of parts, each of which contributes to the final product. Like any other investment, the value of NFTs fluctuates with market conditions.
They could suddenly become extremely valuable or completely disappear. It’s possible they might become valuable as a form of digital art and a commodity if they can maintain interest over a long enough period of time.
The 7 Most Expensive NFT Monkeys Ever Sold
1. Bored Ape Yacht Club #8817: $3,408,000
Sotheby’s Metaverse, a high-end NFT-exclusive marketplace, recently sold Bored Ape #8817, a member of the Bored Ape Yacht Club, for an astounding $3.41 million, or 819 ETH.
Less than one percent of all Bored Apes have gold fur, despite the fact that BAYC’s whole collection includes more than 10,000 cartoon apes.
Only 46 out of every 10,000 bored apes had solid gold fur. With a rarity score of 297.37, the Bored Ape #8817 is a seven-trait gold-plated fur ape that comes in at #17.
NFT investor “rhincodon,” who bought the incredibly rare Bored Ape #8817, spoke to HYPEBEAST under his own name and explained why he thinks the ape is worth so much money.
He explained, “I had been seeking a gold ape for the previous few weeks; there isn’t a lot for sale, and those posted are generally sold for a cost of 1,000 ETH or more.”
2. Bored Ape Yacht Club #3749: $2,907,016
The “Captain,” Bored Ape #3749, was sold for $2.91 million on September 6, 2021, making it the second most expensive bored ape NFT has sold.
Ape #3749, also known as Bored Ape #3749, is a six-trait made of gold fur ape with a sea captain’s hat, red laser eyes, and a little grin mouth on a yellow backdrop printed on a black T-shirt.
For these reasons, Bored Ape #3749 has a rarity score of 283.99, placing it at #27 on the list. This bored ape undoubtedly possesses all the necessary traits to become a rare BAYC NFT.
This NFT, with its red laser eyes and sea captain’s hat, is a great illustration of how rarity, scarcity, art, and gaming all meet in NFTs. The purchaser, TheSandboxGame, has a sizable NFT collection valued at about 3,880 ETH, or $13 million at the current exchange rate.
3. Bored Ape Yacht Club #232: $2,811,791
On January 30, 2022, Bored Ape #232 was sold for a staggering 1080 ETH or $2.81 million, based on the ETH price of $2602.89 per ETH at the time of sale.
The sale of Bored Ape #232 was the costliest in terms of Ethereum ever recorded for the Bored Ape Yacht Club NFT, and it is the only instance in which a bored ape NFT has ever been purchased for more than one thousand ETH.
Due to the lower ETH price on the date of purchase compared to the all-time high of $4644.43/ETH in November 2021, this ape NFT is not the priciest transaction in terms of monetary value.
4. Bored Ape Yacht Club #8585: $2,702,462
When compared to the initial sale price of Crowned Bored Ape #8585, which was $14,082 or 5.9 ETH in May 2021, Crowned Bored Ape #8585 was eventually sold on the marketplace OpenSea for a price of $2.7 million or 697 ETH in October 2021.
This indicates that the value of the ape climbed by approximately 191 times in just 5 months. Bored Ape #8585 is a psychedelic five-trait fur ape with heart-shaped eyes and a blue background.
This chimpanzee possesses two extremely unusual characteristics: a king’s crown and trippy fur.
Bored Ape #8585 is one of just 77 apes out of a total of 10,000 in the BAYC collection to wear the King’s Crown when combined with the rare trait psychedelic fur. This makes the NFT one of only three in the whole collection to have such a rare combination of traits.
Bored Ape #8585 doesn’t have the highest rarity rank or score compared to other apes in this guide, but its one-of-a-kind mix of aesthetics and attributes gives it significant collectable worth.
5. Bored Ape Yacht Club #2087: $2,307,638
Priced at $99,443 (or 42 ETH) in June 2021, Bored Ape #2087 fetched a whopping $2.31 million (769 ETH) when it was sold in September 2021. With a rarity score of 312.34, this is the second-rarest Bored Ape NFT.
With only rainbow-colored hallucinogenic fur, furious eyes, a purple background, and a weary cigarette in his mouth, this ape is among the most stripped-down examples of bored apes.
In the BAYC collection, Bored Ape #2087’s psychedelic fur is the rarest feature, occurring only 77 times out of 10,000 occurrences.
In the OpenSea marketplace, The Bored Ape #2087 was purchased by an NFT investor named IPCollector, who reportedly owns 300 NFTs. In October 2021, this ape was sold to an undisclosed investor.
6. Bored Ape Yacht Club #7090: $2,272,620
Only 46 of the 10,000 apes in BAYC’s whole collection, including Bored Ape #7090, have the extremely unusual characteristic of solid gold fur. With a rarity score of 250.33, it is ranked #77 on Rarity Tools’ list of rare items.
Bored Ape #7090 is a five-trait ape dressed in service attire, like a solid gold luxury resort doorman with heart-shaped eyes, a colorful smile, and a new punk blue background. This set of qualities occurs extremely infrequently.
In September 2021, NFT investor icanfly3 paid 600 ETH, or about $2.27 million, to acquire Bored Ape #7090. In August 2021, it was going for 199 ETH.
The ROI is about 300% after just one month. In 2021, OpenSea, an NFT marketplace, had record volume thanks in large part to the BAYC collection, which saw a meteoric rise in popularity.
7. Bored Ape Yacht Club #8135: $1,873,449
The Bored Ape #8135 is the coolest NFT that makes it into the top 10 rarity ranks; it’s the seventh-rarest ape overall and has a rarity score of 320.12 points.
In September 2021, on OpenSea, bored ape #8135 was purchased for $1.87 million (or 550 ETH). MetalinkLabs is the purchaser, and Bored Ape #8135 is the very first NFT item he has ever bought.
Only 26 of every 10,000 bored apes had the Bored Unshaven Pizza that was featured on Bored Ape #8135. The Bored Unshaven Dagger is a second extremely unusual attribute of this ape’s mouth; just 28 of the 10,000 apes in the BAYC collection include this trait.
Advantages of Possessing an NFT Monkey Art
Having your own NFT monkey comes with a number of perks. The fact that they can be bought and sold on the Ethereum blockchain is a major perk. As long as a person has access to an Ethereum wallet, they can purchase or sell bored APE NFTs from any other person in the world.
The fact that the NFTs of the monkey are one-of-a-kind and impossible to duplicate is another perk of possessing such assets. Because of their rarity, they are highly sought after by collectors. Furthermore, because of scarcity, the price of NFT monkeys is anticipated to rise.
As the last point, some think that NFT Monkey (Bored Ape) NFT can be employed as a financial asset. It is anticipated that the value of these tokens will increase as a greater number of individuals take an interest in the habit of collecting NFTs.
How does NFT ‘Bored Apes’ work?
NFTs are digital assets, including music, videos, texts, and images, that may be validated on a distributed ledger. These 10,000 Bored Ape picture NFTs are in circulation as money, status symbols, insurance policies, and works of art.
There are 10k different iterations of the ape design, but they all share the same fundamental structure thanks to the thousands of different ways the design can be interpreted.
Different ape models range in cost due to their unique characteristics. Unique attributes, such as headwear, outfits, and backgrounds, are more valued than generic ones. All the parts of an ape’s body are employed at different rates. The price tag is mostly dependent on these factors.
The Bored Apes have become ubiquitous as online avatars. These ape-like avatars are used to increase the NFTs’ value and popularity among users.
Celebrities’ use of NFTs has greatly increased the perceived value of using an ape as an avatar, as celebrities have a large influence on the public’s perception of any given product.
The value of Bored Ape NFTs has climbed consistently, as has the value of Ethereum cryptocurrency, which has also seen price fluctuations. Investors who got on board early could reap many rewards from this novel strategy.
Millions of dollars can be made off of a painting that costs two cents to paint and four dollars to canvas. What matters is how one interprets reality.
Merchandise and Licensing
Owners of Bored Ape NFTs have complete ownership of their digital tokens. That individual is free to do whatever they want with their own personal ape. They are free to use the picture however they see fit in advertising.
T-shirts and caps can be printed by them. If they wanted to, they could make an animated series. However, they could only employ the Bored Apes they actually possessed.
What sets apart Bored Ape Yacht Club BAYC NFT?
The NFT Bored Ape Yacht Club BAYC was one of the first to be developed using the new ERC-721 standard. Because of this, it is a rare and desirable NFT for collectors. In addition, BAYC is pioneering the use of NFTs by a big corporation, making it the first of its kind.
For this reason, it has a degree of credibility that is lacking in other NFTs. One further thing that makes Bored Ape Yacht Club BAYC unique is that it is secured by a physical asset.
A stake in a real-world yacht is symbolized by the BAYC NFT. In contrast to other NFTs, which are typically entirely digital transformations and worthless in the real world, this one has some tangible qualities.
The fact that there are only 10,000 BAYC NFTs in circulation increases their value significantly. You should indeed count yourself very fortunate if you manage to acquire one of these NFTs.
These days, everyone, from A-listers to regular Joes, participates in NFTs. You may be wondering, “What is it about the Bored Ape Yacht Club’s NFT that makes it so special?”
First and foremost, it’s an extremely novel and cutting-edge NFT. Produced on the Ethereum blockchain, it was designed by the late great Pablo Picasso. This prevents its value from decreasing over time and makes it difficult to fake. But that’s not the only thing that sets BAYC apart.
Among these perks is the ability to participate in a members-only forum, receive a discount on purchases, and be invited to exclusive events. So, if you’re looking for an NFT that stands out from the crowd and provides excellent benefits, BAYC is the way to go!
Why are avatars of Bored Apes dominating Twitter?
There seems to be a recent trend on Twitter toward the use of Bored Ape avatars, which you may have seen if you’ve been browsing the site. So, what exactly are they, and why have they become so well-liked?
Avatars on Bored Ape stand apart from the crowd because they are 3D models of actual individuals. This makes them suitable for symbolizing anyone, from a famous person to a close friend.
They even have the same likeness to the originals from which they were modeled! When compared to other companies that provide generic 2D avatars, Bored Ape stands out for its realistic approach to avatar design.
And that’s why Bored Ape illustrations are rapidly replacing all other kinds of Twitter avatars in terms of popularity.
What are the possible risks of having a monkey-crafted NFT?
There is a possibility of loss, as there is with any investment. Possession of a piece of NFT monkey art carries with it the possibility that its value will decline. The worth of NFT art could fall drastically if the current demand for NFTs dies off or if a new digital collection becomes more popular.
Ethereum’s price could collapse, which is another potential downside. The worth of NFT monkeys will decline in proportion to the fall in Ethereum price. If you are considering putting money into NFTs, you should keep this in mind.
Last but not least, keep in mind that NFTs are still developing and potentially unreliable emerging technologies. It is always possible that anything could go wrong, rendering NFTs useless. In other words, this is a threat you face if you put money into any NFT.
The Art of Making NFT “Bored Apes”
The total number of Bored Ape NFTs is 10,000. They are already in production and on the market. The current value of Bored Ape NFTs would likely decline if any additional apes were created.
The Mutant Ape Club is a different group of collectibles, but they are already well into their second generation.
The initial batch of ten thousand was generated using an algorithm that randomly shuffles a large number of variables, including but not limited to the background color, fur color, clothing color, hat color, eye color, mouth shape, and accessory type.
An illustrator was employed to craft the different graphic possibilities, and an algorithm was developed to randomly assemble them into 10,000 permutations.
The public purchased all 10,000 variants, and they are currently actively exchanged, bought, and sold as a highly sought-after NFT collection.
How will BAYC NFTs develop in the future?
The NFT industry develops at lightning speed, and the $3 million pricing for gold-bored apes might quickly become the industry standard if the buzz around BAYC NFTs continues.
Eventually, the market price of BAYC NFTs could be boosted by the possible resale of the 46 gold bored apes. Those that perceive NFT as an investment opportunity and are eager to become part of a community of like-minded collectors will keep looking for unique bored monkeys.
Without a doubt, BayC is among the most well-liked NFT art collections available today. They are held up as the model that other NFTs should try to imitate. Whenever a new market trend emerges, the BAYC collection is there to ride it out.
If you visit the BAYC website, you will immediately get the essence of the BAYC culture. Moreover, you will have the opportunity to find out what they plan to do next.
FAQs for Most Expensive Bored Ape NFT’s
- Why does the Monkey NFT cost so much?
The price of the monkey NFT reflects its scarcity and demand among collectors. While the exact worth of a monkey NFT depends on the state of the market when it’s bought, it’s widely agreed that they’re a good investment.
- What do you call the NFT Monkeys?
Rare digital assets (RDAs) are what the NFT monkeys are referred to as. They are digital representations of unique physical goods or experiences that can be purchased, sold, and exchanged on marketplaces, just like securities and bonds. An RDA’s worth is based on its originality, scarcity, and demand in the marketplace.
- What exactly is the Bored Apes Collection?
You may find a series of unique NFT monkeys in The Bored Ape Collection, a digital art project. Cory Arcangel, a musician and visual artist, conceived of the project, which features 10,000 distinct monkey designs, each of which alludes to a different piece of popular culture.
- How much does the least expensive bored ape cost?
The lowest-priced Bored Ape Yacht Club NFT may be purchased for around 152 ETH, or about $429,000.
- How much does the least expensive bored ape cost?
Having an NFT monkey can be advantageous because of its potential for growth in value, its liquidity (it can be bought and sold at any moment), and its safety (it can be stored in a digital wallet). Buying and trading NFT Monkeys is a fun way to take part in the expanding field of digital art and collectibles while also showing your appreciation for your favorite singers and visual artists.