{"id":13004,"date":"2021-10-09T14:54:08","date_gmt":"2021-10-09T14:54:08","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bored-ape-yacht-club-records-542-million-in-lifetime-sales-bayc-creators-to-launch-token-in-q1-2022\/"},"modified":"2021-10-09T14:54:08","modified_gmt":"2021-10-09T14:54:08","slug":"bored-ape-yacht-club-records-542-million-in-lifetime-sales-bayc-creators-to-launch-token-in-q1-2022","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bored-ape-yacht-club-records-542-million-in-lifetime-sales-bayc-creators-to-launch-token-in-q1-2022\/","title":{"rendered":"Bored Ape Yacht Club Records $542 Million in Lifetime Sales \u2014 BAYC Creators to Launch Token in Q1 2022"},"content":{"rendered":"

Non-fungible token (NFT) assets have been extremely popular in 2021 and it doesn\u2019t seem like the NFT hype is going away any time soon. A number of NFT collections have propelled the industry to new heights with enormous sales, outpacing some of the most popular auctions selling physical items. One specific NFT project called Bored Ape Yacht Club (BAYC) has seen $542 million in lifetime sales between 8,749 traders. Moreover, on Friday, the official BAYC Twitter account announced the project plans to launch a token in the first quarter of next year. <\/strong><\/p>\n

Bored Ape Yacht Club NFT Collection Captures $542 Million in Lifetime Sales<\/h2>\n

There\u2019s definitely been a few artists that have made millions of dollars selling single NFTs to buyers willing to pay for the cryptographic-backed collectibles. For instance, Beeple is well known for his NFT work, and one of his pieces sold for $69 million at Christie\u2019s.<\/p>\n

Then there are the NFT collections that have also fueled the NFT craze like Cryptopunks, Art Blocks, NBA Top Shot, Cool Cats, Curio Cards, Loot (for Adventurers), and more. Bored Ape Yacht Club (BAYC)<\/a> is a collection that has seen over half a billion dollars in sales to date, and the collection holds the fifth-largest all-time volume according to dappradar.com<\/a> metrics.<\/p>\n

Historical sales activity shows that BAYC\u2019s $542 million in lifetime sales was across approximately 21,481 sales. Dune Analytics<\/a> statistics indicated there are 5,586 unique addresses today that hold at least one BAYC NFT. One owner owns approximately 103 BAYC NFTs and the NFT called Bored Ape Yacht Club #3749<\/a> is the most expensive BAYC in existence.<\/p>\n

BAYC #3749 sold for 740 ether or $2.65 million last month to an ETH<\/a> whale with $10.59 million worth of NFTs. The owner<\/a> of BAYC #3749 owns 993 non-fungible token assets across 71 collections. Meanwhile, as the BAYC NFT collection continues to see dedicated sales, the project has plans to launch a token.<\/p>\n

Bored Ape Yacht Club to Launch Token<\/h2>\n

On October 8, the official BAYC Twitter account discussed the token idea with its 177,600 social media followers. \u201cGood evening, apes. Been hearing a question around the club a lot: WEN TOKEN? Wen token indeed\u2026 First things first: It\u2019s stupid easy to launch an ERC-20 token; it takes minutes,\u201d the BAYC Twitter account tweeted<\/a> on Friday.<\/p>\n

\u201cIt\u2019s much more complicated to construct a legally compliant token and set it up in a responsible, sustainable way,\u201d the BAYC account further noted. \u201cNot to mention thoughtfully craft dope utility and governance, benefit our club members, and bring the BAYC ecosystem to a much wider audience. For the sake of our members and the broader NFT community, we want to do this in a sound way.\u201d The BAYC social media account added:<\/p>\n

So, given that\u2026 WEN TOKEN? Well, apes: We\u2019re currently looking at Q1 2022.<\/p>\n

The Bored Ape Yacht Club says the team will be leveraging Fenwick & West LLP<\/a>, a legal firm that works with various blockchain projects. BAYC is also partnering with Horizen Labs, the team behind the cryptocurrency horizen (ZEN)<\/a>.<\/p>\n

The BAYC team also told its fans to watch out for fake tokens and scammers. \u201cWe\u2019re assuming scammers will be out in full force looking to trick folks into buying all kinds of phony tokens. If info doesn\u2019t come from our official @boredapeyc<\/a> or @yugalabs<\/a> Twitter, it\u2019s not us. Stay safe, apes. It\u2019s going to be a wild year.\u201d<\/p>\n

While BAYC is the fifth largest in sales, ahead of the collection are projects like Axie Infinity<\/a> ($7.23B), Cryptopunks<\/a> ($2.93B), Art Blocks ($1.92B), and NBA Top Shot<\/a> ($692.62M). Both BAYC and NBA Top Shot have yet to make it into the billion-dollar club in terms of all-time sales.<\/p>\n

However, BAYC has an offshoot NFT collection called the Mutant Ape Yacht Club (MAYC)<\/a> which is the ninth-largest NFT collection in terms of all-time sales with $278.19 million. The 278 million dollars in sales was between 9,783 MAYC traders across 11,974 sales.<\/p>\n

What do you think about the Bored Ape Yacht Club revealing that it plans to launch a token in Q1 2022? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nBlockchain, Art Blocks, BAYC, BAYC NFT, BAYC NFTs, Bored Ape Yacht Club, Cool Cats, cryptopunks, Curio Cards, dappradar.com, Dune Analytics, LOOT, Mutant Ape Yacht Club, NBA Top Shot, nft, NFTs, Non-fungible Token<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-fungible token (NFT) assets have been extremely popular in 2021 and it doesn\u2019t seem like the NFT hype is going away any time soon. A number of NFT collections have propelled the industry to new heights with enormous sales, outpacing some of the most popular auctions selling physical items. One specific NFT project called Bored…<\/p>\n","protected":false},"author":0,"featured_media":13005,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13004"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13004"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13005"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}