Who Owns Bored Ape Yacht Club?
It’s about community
In the world of non fungible tokens (NFTs), there are a lot of players vying for a piece of the pie. With celebrities like Kim Kardashian getting involved, it’s no wonder that competition is high. But what is NFTs? And why is everyone so excited about them? Let’s take a closer look.
What are NFTs?
Basically, non fungible tokens (NFTs) are basically ERC-721 tokens. Think of the most famous game in town — CryptoKitties. If you own a certain CryptoKitty, you own it and no one else can claim the same one. Try to trade your cat for someone else’s and it won’t work. This is how CryptoKitties became so popular with their fun gameplay of having players breed cats together to come up with all kinds of unique kitties that can then be traded for real money.
So the team behind Bored Ape Yacht Club were also looking to cash in on this new trend and the NFT craze. They launched their Bored Ape Yacht Club at the beginning of April, and it’s since reached over 10,000 unique users with a total sale value of more than $1 billion.
So who’s behind Bored Ape Yacht Club?
Well, the team working on it is a little bit of a mystery. The four developers are known as Gargamel, Gordon Goner, Emperor Tomato Ketchup and No Sass. And that’s about it — they’re not looking to reveal any more than that.
We’re fairly certain we know who Gargamel and Emperor Tomato Ketchup are, but Gordon Goner and No Sass remain a mystery.
So what’s up next for the NFT industry?
Well, there’s certainly a lot of hype around non fungible tokens (NFTs), especially the Bored Ape Yacht Club. Celebrities like Justin Bieber and Jimmy Fallon have already jumped into the NFT craze, and it makes sense why. NFTs provide an interactive experience for users, and celebrities are especially interested in creating their own unique NFTs.
So now that we know what they are and how they’re used, will non fungible tokens (NFTs) be the next big thing, or just a passing fad? Will celebrities eventually want to create their own NFTs and launch their own platforms like Bored Ape Yacht Club? It’s too soon to tell.. There are many ways to get white listed for an NFT. A lot of NFT investors who made the biggest profits got on the whitelist and bought BAYC when it first launched.