Boring Ape surpasses CryptoPunks, how many possibilities are there in the NFT world?
Data Source: Footprint Analytics
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Footprint Analytics - NFT Trading Volume
NFT represents a unique digital collection on the blockchain. The full name is Non-Fungible Token (non-homogeneous token), which is irreplaceable and indivisible. Since 2017, the NFT market has begun to develop, and finally in the third quarter of 2021image description。
Footprint Analytics - BAYC Trading Volume & Trader in 2021
BAYC continues the characteristics of the veteran NFT CryptoPunks, a digital collectible item generated by random combination of 10,000 computers.BAYCimage description
Footprint Analytics - Top Trading Volume of NFT Projects
According to Footprint Analytics data statistics, BYAC is the NFT project with the highest trading volume in 2021.
social capital
social capital
Owning BAYC is more than just owning a digital collection, it's more like joining a club. NFT has become a social symbol, and everyone in the club will follow and connect with each other on online platforms such as Twitter. Due to the scarcity of BYAC, users who set NFT avatars will also get more extra attention.
To some extent, owning BAYC is a status symbol, an additional social capital for the holder, and can connect with other holders. Many celebrities have also changed their social platform avatars to BAYC, such as NBA superstar Stephen Curry.
Various ways to play
The operation of BAYC is undoubtedly the most complete of all NFT projects, and owning BAYC has many other fringe benefits. For example, BYAC owners can enter the collaborative graffiti board on the official website to create.
In addition, BAYC also purchased a piece of land in the game The Sandbox as a club, as a gathering place for club members in the metaverse, and other project supporters even bought land near the club. On June 18 last year, the BAYC team airdropped a wearable hoodie to each user, allowing its users to quickly identify each other.
Copyright attribution
The copyrights of most NFTs do not belong to buyers, but buyers of BAYC can own their copyrights and make many derivative products. Therefore, BYAC has many new ways to play, and also has a steady stream of free advertisements.
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Universal Music Group - Kingship
Clothing dealer Kyle Swenson has launched a publication called the Bored Ape Gazette to cover what's going on in the community.
In addition, BAYC also has its own clothing brand, themed novels, and peripheral products... Through the transfer of copyright, this series of NFTs has gained greater popularity.
Derivative NFT of the same series as BAYC
Bored Ape Kennel Club
Back in June 2021, the BAYC team launched the Bored Ape Kennel Club. This is a kind of community benefit of BAYC, and members of the BYAC community can get an NFT of a dog image for free. There is no official sale of Kennel NFT, the only way to get it is to own BAYC.
As of this writing, the Bored Ape Kennel Club reserve price is 5.85 ETH.
Mutant Ape Yacht Club
MAYC is also a derivative of the series, a BAYC with a genetic mutation theme, launched in August 2021. BAYC owners are airdropped a mutant serum vial, which can turn BAYC into MAYC with varying degrees of change. MAYC contains up to 20,000 Mutant Apes, which can only be obtained by exposing existing Bored Apes to Serum or minting Mutant Apes in the Open Sale. The public sale price of MAYC is 3ETH each, and it was sold out within an hour after the public sale.
As of this writing, the base price of Mutant Ape Yacht Club is 15.8 ETH.
BAYC and the future of NFT
With the popularity of NFT, many traditional brands have begun to issue NFT. However, most of these NFTs are only pursuing the short-term marketing dividends of releasing NFTs, without taking into account the construction of community consensus and the later development of the project. Most NFTs disappeared after the popularity.
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About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
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The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
Copyright Notice:
This work is original by the author, please indicate the source for reprinting. Commercial reprinting needs to be authorized by the author, and those who reprint, extract or use other methods without authorization will be investigated for relevant legal responsibilities.
