Bored Ape Yacht Club NFT Overview and Data Analysis

Author: stella@footprint.network, Compiler: cici@footprint.network, Data source: Bored Ape Yacht Club NFT Collection Dashboard

The Bored Ape Yacht Club is an exclusive collection of 10,000 unique Bored Ape NFTs on the Ethereum blockchain. Will this NFT project reach new heights in 2024?

About Bored Ape Yacht Club

Bored Ape Yacht Club (BAYC) is a famous NFT collection containing 10,000 different Bored Ape NFTs, each Each exists as a unique digital asset on the Ethereum blockchain. Owning Bored Ape is more than just ownership; it confers membership in an exclusive club, unlocking a set of benefits only available to members. The first and most notable benefit is access to THE BATHROOM, an interactive graffiti board where members can express their creativity. The community-oriented ethos of the club suggests that additional areas and offers may become available when members reach certain milestones on the project roadmap.

Created by Yuga Labs, Bored Ape Yacht Club quickly transcended its status as a digital collectible and became a cultural icon in the NFT space. Every Bored Ape is a passport into the realm of Yacht Club, where ownership is synonymous with privilege and prestige. Yacht Club’s offerings, starting with THE BATHROOM’s co-working space, are just a taste of the exclusive experiences promised to members. As one of Yuga Labs’ various NFT series, BAYC has captured the attention of not only the crypto community but also the wider public, marking its place in the NFT space.

Bored Ape Yacht Club

The team behind Bored Ape Yacht Club< /strong>

Yuga Labs, the creative force behind Bored Ape Yacht Club (BAYC), has become a key entity in the NFT space with its innovative approach to digital collectibles. Launching in 2021, the company has curated a collection of 10,000 unique ape-themed NFTs that are not only digital assets but also serve as memberships in exclusive clubs, infusing ownership with tangible benefits such as early access Airdrops and potential commercial rights. The inspiration Yuga Labs took from CryptoPunks is obvious, but they took the concept one step further, creating a sense of community and exclusivity that resonated deeply within the crypto industry and made them a household name.

The Bored Ape Yacht Club was just the beginning for Yuga Labs, who quickly launched the Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC) series, expanding their range and rewarding BAYC holder. BAKC launched 10,000 unique digital dogs, while MAYC launched a zombie variant of Bored Apes, both of which fetched high prices on the secondary market and attracted celebrity attention. Yuga Labs posted a staggering net revenue of $127 million in 2021, but it hasn't rested on its laurels, acquiring other major NFT projects and announcing new initiatives like Otherside Metaverse. Despite its rapid growth and success, the company has kept a low profile until recently. As Yuga Labs continues to become a major force in the ever-expanding NFT ecosystem, the focus on its operations and plans continues to intensify.

Bored Ape Yacht Club NFT series data

In the rapidly changing world of Web3, understanding non-fungible tokens (NFT) is like exploring a A vast unknown ocean. Data analysis is a tool that helps find direction for everyone involved, such as collectors, investors, and creators. It does this by taking a closer look at transaction records, ownership transitions, price movements, and interactions between users and NFTs. This information helps people make informed choices, avoid risks, and discover new opportunities in the NFT market.

Having guidance like this is critical to staying on track in the ever-changing NFT landscape. It helps make choices that are in sync with the market, ensuring no one gets lost in the massive NFT data.

NFT market trends

The NFT market is a dynamic ecosystem, and data indicators are like a barometer to measure its changes. Key indicators such as market capitalization, trading volume, floor price and trading market activity help us analyze the health and growth potential of this field.

Those investors who can grasp market trends can predict the direction of the trend, manage investment risks, and discover hidden opportunities. This data is important as the foundation for a smart investment plan and a line of defense against the ups and downs of the NFT market.

Source: Bored Ape Yacht Club NFTs - Market Cap, Volume and Floor Price

According to NFT data provided by Footprint Analytics, the floor price and overall market value of the Bored Ape Yacht Club NFT series have fluctuated over the past six months.

User Behavior

In the NFT field, user behavior data such as total sales volume, total number of buyers and sellers, unique holders and daily transactions are provided. A microscopic view of user behavior. Indicators such as daily sales volume, transaction volume, and fluctuations in the number of holders, sellers, and buyers provide real-time insights into the pulse of the market.

Analyzing this user behavior data gives NFT participants a deeper understanding of market sentiment and participant activity. Trends such as peak buying periods, shifts in holder sentiment, and the emergence of buying and selling pressure can be identified. By leveraging this intelligence, investors and creators can refine their strategies to align with market demand and stay ahead of the ever-changing world of NFTs.

Source: Bored Ape Yacht Club NFTs - Daily Holders, Sellers and Buyers

Footprint The latest NFT data from Analytics shows that as of January 20, 2024, the number of individual Bored Ape Yacht Club NFT holders has stabilized at around 5,400. Currently, the supply-to-holder ratio is 1.83.