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The Bored Ape Yacht Club (BAYC) is a force to be reckoned with in the world of NFTs. It’s hard to believe that this groundbreaking project almost didn’t exist if it weren’t for the actions of a single collector. BAYC has quickly become a high-spirited and dynamic community with a roadmap that centres on providing continuous utility to its members. But as we all know, time moves incredibly fast in the NFT space, and the question on everyone’s minds is, “what’s next?”
BAYC- a community’s skateboard
One of the most exciting aspects of BAYC is its profit potential. Numerous Bored Ape owners have already had the opportunity to sell their apes for life-changing sums of money. For example, the highest-selling BAYC NFT of all time, Ape #8817, sold for a staggering $3,408,000 at a Sotheby’s Metaverse auction in October 2021. This particular Ape boasts a wool turtleneck, rainbow spinner hat, and silver hoop earrings, making it a highly coveted piece in the Bored Ape community.
But it’s not just about the money. BAYC is a community that values creativity, collaboration, and innovation. In the coming months, we can expect to see even more exciting developments as the community continues to grow and evolve. The Bored Ape community is focused on providing its members with continuous utility, which means that we can expect to see new features, collaborations, and projects emerge shortly.
What’s poppin’ with BAYC?
Bored Ape Yacht Club (BAYC) has taken the NFT world by storm with its latest announcement – the launch of TwelveFold, a limited-edition collection of 300 generative NFTs on the Bitcoin blockchain. However, while the news has excited some, others are questioning the decision to create a completely independent project of the Yuga Labs ecosystem.
Yuga Labs has always been synonymous with Ethereum-based NFT projects, making TwelveFold’s launch on the Bitcoin blockchain an unexpected move. However, this is an opportunity for the platform to broaden its horizons and reach out to the Bitcoin community, who have been less enthusiastic about NFTs.
TwelveFold is an experimental collection of 300 generative art pieces inscribed onto satoshis on the Bitcoin blockchain. According to Yuga Labs, the collection was created in-house by its art team, who used generative 3D modelling and algorithmic construction to bring the art to life. The collection is set to go on auction later this week, and collectors will need a self-custodial wallet containing Bitcoin to participate in the bidding process. The winning bidder will also require an empty address to receive the inscribed digital art if their bid is successful, a measure put in place by Yuga Labs to prevent the risk of transferring the inscribed satoshi in the course of standard Bitcoin transactions.
While some community members are excited about the launch of TwelveFold, others are skeptical. One Twitter user questioned the decision, stating that everything in the Yuga ecosystem feels like it has the potential to be interconnected. Still, they need to get that insight from this project. However, another user pointed out that TwelveFold could be used to onboard Bitcoin enthusiasts who have been against NFTs in the past.
Regardless of the mixed reactions, it’s clear that the launch of TwelveFold is a significant move for Yuga Labs, and it will be interesting to see how the project develops in the future. One thing is for sure – the NFT world is constantly evolving, and we can expect many more exciting developments to come.
Despite its success, BAYC is not resting on its laurels. The project’s creators are constantly looking for ways to push the boundaries of what is possible in the NFT space. With a passionate and dedicated community behind it, there is no doubt that BAYC will continue to be one of the most influential NFT projects in the world.
In conclusion, the Bored Ape Yacht Club has made a significant impact in the world of NFTs, and it’s clear that this project is only just getting started. However, with a focus on providing continuous utility and a passionate community behind it, BAYC is poised to achieve even greater heights in the future. We can’t wait to see what the next chapter holds for this groundbreaking project.
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