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The average BAYC price went from $ 3,000 to $ 180,000 in less than 3 months. Here are the main reasons.

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One of the biggest successes in the NFT sector is Bored Ape Yacht Club (BAYC). Apart from CryptoPunks, no other community has gathered so many supporters in such a short period of time. So what did the project do differently?

The BAYC community has changed all that

Most NFT projects focus first on money and the community at a later stage, but this is not the path taken by the Bored Ape Yacht Club. The project is entirely dedicated to NFT owners and the only goal is to create more value for them.

Gorder, founder of BAYC, recently said, “It’s pretty crazy – we now run a multimillion-dollar hedge fund with about 13,000 active users on Discord.”

Apes are a generative profile picture. When an owner changes their profile picture to Ape, it automatically belongs to a unique NFT set. For example, on Twitter, people can immediately send a DM and connect with people who have a monkey as their profile picture.

Bored Ape Yacht Club - The Latest Trend to Take the NFT World by Storm - Electric Artefacts
source: Electric Artefact

The roadmap is realistic and promising

Each project must have a roadmap. This helps investors and traders get an idea of ​​what the future looks like. In the case of BAYC, they set realistic expectations and promised all Ape holders the benefits of membership. The benefits included exclusive material, treasure hunting, monkey breeding and many other ways of working together.

The rare features of apes are not the only exclusives offered to keepers. They will also be able to create a dog companion for their monkey.

Spotlight: One Month After BAYC's Bored Ape Kennel Club Airdrop

Billionaires, influencers, athletes, legendary artists

Whether it’s NFT or crypto tokens, they all need an external entity that breaks down barriers in a limited time. With the Bored Ape Yacht Club came several VIP personalities who showed great support. From a technology billionaire Mark Cuban, to the influencer Logan Paul.

The Bored Ape Yacht Club is also witnessing the interest of NBA players. Recently Stephen Curry, one of the best shooters in NBA history, updated his twitter profile picture to a rare monkey. He spent almost $ 180,000 on it. Another famous basketball star who joined the BAYC club is LaMelo Ball. Collects NFT from all top collections. He believes in BAYC’s future plans and says the NFT represents the future.

In conclusion, the Bored Ape Yacht Club will definitely be here for a long time, as its community grows and brings more and more active participants. The main thing is that a strong community is what drives the NFT.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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