How to Buy Bored Ape Yacht Club

Stephen G.
Stephen G.
Last Updated on November 11, 2021

These nautical primates aren’t monkeying around. Bored Ape Yacht Club, created by Yuga Labs as 10,000 collectible non-fungible tokens, or NFTs, is growing in popularity. Fortune reports that Bored Ape Yacht Club trading on the secondary market is topping $100 million, according to the blockchain-tracker DappRadar. 

Here you can get a peek at life in a swampy yacht club for monkeys, the amazing digital art related to Bored Ape Yacht Club, and the investment potential for collecting these NFTs. 

What is Bored Ape Yacht Club (BAYC)? 

Bored Ape Yacht Club is more than a swinging spot for primates. BAYC is a collection of 10,000 NFTs, each a unique digital collectible on the ETH blockchain. Owning a Bored Ape Yacht Club NFT gets holders a Bored Ape Yacht Club membership and members-only benefits including access to a collaborative graffiti board, the Bathroom. 

This digital art has become highly sought as a collectible and for its online perks. In addition to being able to access the Bathroom graffiti wall, Bored Ape Yacht Club owners can access an exclusive Discord server where they can chat and socialize. 

Gold physical NFT token

They can also get “mutant serum” to join the Mutant Ape Yacht Club, and Yuga Labs has a dog they offer to BAYC holders, creating the Bored Ape Kennel Club. 

Their rarity, utility, and the creative world of Bored Ape Yacht Club and the characters place these NFTs among the more expensive and popular ones in NFT marketplaces. 

How to Buy Bored Ape Yacht Club 

If you want to order a banana daiquiri and hang out at the Bored Ape Yacht Club, you’ll first need to learn how to buy a Bored Ape Yacht Club token. Here are the steps to take. 

Buy ETH 

First, you will need to buy Ethereum. This form of cryptocurrency is what most NFTs are tied to, so Ethereum is a must for buying a Bored Ape Yacht Club non-fungible token. ETH can be purchased from Coinbase or stock-trading platforms such as Webull or Robinhood

Create a Web3 Wallet Using MetaMask 

Once you have currency, you need somewhere to put it. Ethereum requires a Web3 wallet, which you can set up through MetaMask. Available as a browser extension and mobile app, MetaMask allows you to store ETH and NFTs and access them easily. 

Transfer ETH Bitcoin to Your MetaMask 

Now that you have a Web3 wallet activation, you have a place to store your ETH and Ethereum blockchain. Transfer your Ethereum into your wallet so you’ll have it ready for use at an NFT auction house. 

Connect Your MetaMask to OpenSea 

Now that you have a wallet holding your ETH through MetaMask, you are ready for the next step: connecting your MetaMask wallet to OpenSea, the oldest and most popular NFT marketplaces. 

Find the Collection on OpenSea 

Once you’ve opened an OpenSea account and linked your ETH wallet to OpenSea, you can search the NFT marketplace for Bored Ape Yacht Club tokens available. 

Buy NFTs 

OpenSea works much like eBay, in that tokens are offered for sale in auction fashion. The winning bidder gets the NFT. 

Approve on MetaMask 

Once you have placed the winning bid on your first Bored Ape Yacht Club token, you will need to approve the purchase on MetaMask so your ETH, a type of bitcoin, can pay for the NFT, which can then go in your Web3 wallet. 

Frequently Asked Questions 

You may still have questions about Bored Ape Yacht Club NFTs, perks of ownership, potential profits, and more. These FAQs may give you the answers needed. 

Who Owns the Most Bored Apes? 

Dune Analytics reports that there are 5,586 holders of at least one token of Bored Ape Yacht Club, and one owner has at least 103 BAYC tokens.

Why Are Bored Apes So Expensive? 

One of the most expensive non fungible token collections, Bored Ape Yacht Club includes BAYC #3749, which has been called one of the most expensive NFTs of all time. This NFT was sold for $2.65 million to an NFT holder with 993 tokens across 71 collections. 

Bored Ape Yacht Club is the fifth highest in sales among NFTs and has a related NFT collection, Mutant Ape Yacht Club, which is the ninth highest in all-time sales. Many of these sales have happened at fame auction houses such as Sotheby’s and Christie’s.

3D big NFT sign in blue and purple glowing lights surrounded by ethereum icons

Total lifetime sales for BAYC are $542 million USD. NFT investors like purchasing Bored Ape Yacht Club tokens for reasons ranging from speculation to their enjoyment of the artwork and the perks of owning it. 

Bored Ape Yacht Club avatars have become popular with professional athletes, musical performers, and celebrities, which makes the demand and the price for Bored Ape Yacht Club tokens rise. 

Rarity, design, perks of ownership, social media, and popularity can drive up the price of any NFT, as can a booming non-fungible tokens market. Many BAYC owners may also buy these tokens because they think Bored Ape Yacht Club tokens will rise in value in the future. 

How Many Bored Apes Are There? 

The original Bored Apes Yacht Club includes 10,000 unique NFT characters created from 170 possible traits including facial expressions, clothing, hats, and accessories. The Mutant Ape Yacht Club, a BAYC offshoot, includes 20,000 unique tokens. There’s also Bored Ape Kennel Club NFTs for the pets of BAYC characters. 

Join the Club 

If you’re interested in joining the Bored Ape Yacht Club, join the club. 

This NFT collection is growing in popularity and offers great potential for profit. Whether you love these apes and their cool Yacht Club hangout, want to start or add to an NFT collection or seek arbitration profits from reselling BAYC, these steps will help you in becoming a member of the Bored Ape Yacht Club. 

Life at the Bored Ape Yacht Club metaverse is never boring. Bored Ape owners can meet other collectors including celebrities, in exclusive online hideaways and make huge profits in trading.