What is the story behind the creation of Bored Ape Yacht Club?

The Bored Ape Yacht Club (BAYC) is a collection of unique digital art pieces, featuring a variety of pixelated apes with distinct characteristics and traits. Each ape is a non-fungible token (NFT) minted on the Ethereum blockchain. The project was created by a collective of developers, artists, and entrepreneurs known as Yuga Labs. It was launched on April 30, 2021, and quickly gained popularity within the crypto community. The inspiration behind BAYC was to provide a fun and exclusive digital club where members could showcase their ownership of rare and valuable NFTs. The creators aimed to cultivate a sense of community and reward early adopters with additional perks and privileges. The project's success has led to a vibrant secondary marketplace for trading Bored Ape NFTs and an active community of collectors and enthusiasts.

This mind map was published on 15 August 2023 and has been viewed 89 times.