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NFT Projects

What is Bored Ape Kennel Club NFT? [All You Need to Know 2023]

Following the successful drop of BAYC and MAYC, Bored Ape Kennel Club NFT came to the fore. It’s a limited edition special collection exclusive for previous owners from the site. Riding from the popularity of BAYC, BAKC will position these cute non-fungible dogs to create additional hype in the blockchain sector.

But does it have what it takes and is it worth saving in your wallet? Let’s find out more by scrolling below to hear more about our take on Yuga Labs’ latest collection drop.

About Bored Ape Kennel Club NFT

Bored Ape Kennel Club avatar

The BAKC non-fungible collection is the brainchild of BAYC creators, Yuga Labs. The avatars of these cute dogs are described from the site as follows:

“It gets lonely in the swamp sometimes. That’s why every ape should have a four-legged companion. To curl up at your feet. To bring you a beer. To fire a missile launcher at that bastard Jimmy the Monkey.

That’s why we’ve started the Bored Ape Kennel Club, and why we’re offering up a dog NFT for adoption to every single member of the BAYC – for free (you only pay gas).”

Bored Ape Kennel Club NFT Roadmap

There is no clear specific roadmap for this non-fungibles collection. However, similar to earlier collection drops like BAYC and MAYC, you can expect the developers to add special value to these tokens that ape owners from previous collections may avail in the future.

As expected with other projects, owners may get the chance to own exclusive BAKC merchandise and unlock limited edition items unique to the collection. Any single member may also get the chance to have first dibs on the following collections.

Bored Ape Kennel Club Utility?

Currently, there are 10,000 four-legged companion tokens you can get. Part of the Ape Kennel Club statistics includes the following details:

  • token type: ERC-721 hosted on IPFS
  • traits: 170 possible unique traits

It has also performed well in the market achieving the top ten spot for a week on OpenSea. In addition as a rare digital collectible, Bored Ape Kennel Club tokens share a fraction of their secondary sales to charity. Their website writes:

“The BAKC collection will have 2.5% royalties associated with secondary sales on OpenSea. All proceeds we generate from this fee will be donated to charity.”

The Creators of Bored Ape Kennel Club

The creators of the Bored Ape Kennel Club NFTs are the same developers who made the Bored Ape Yacht Club NFT. Following the highly successful genesis release of their token collection in the NFT world. The dog nft project released by Yuga Labs is one of the many collections by the NFT company, including the highly-successful Meebits NFT and Mutant Ape Yacht Club NFT to name a few.

When to Mint Bored Ape Kennel Club NFT?

The minting of Bored Ape Kennel Club has already elapsed. However, you can get your BAKC dog NFT in NFT marketplaces like OpenSea. At present, its current floor price is ETH8.889 or US$27,000 when converted. The four-legged companion digital art is stored as an ERC-721 token powered by the Ethereum blockchain.

Where to Buy Bored Ape Kennel Club?

You can buy the Bored Ape Kennel club tokens straight from OpenSea, one of the largest online third-party platforms for NFT trading. Interested buyers can sell and trade in this marketplace. At present, the traded volume here is ETH76,000 or around US$236 million.

gmBlockchain’s Thoughts

What we like about this collection and other apes owners would appreciate is the charity aspect in these projects. As more and more companies are including corporate social responsibility in their goals and values, more people will surely jump in and see what they are offering. Don’t forget to check their Twitter and Discord for more info.

We’ll surely be one of those waiting to see how Bored Ape Kennel Club NFT will be performing in the market in the following months to come.

Alex Lirette

Alex Lirette is a renowned expert in the world of cryptocurrency, with a passion for bitcoin, blockchain, NFTs, and DAOs. He started his journey into the world of cryptocurrency in 2014 and has since continuously expanded his vast knowledge in this field. Alex has become a trusted source of information and insights, with a particular focus on the latest developments in the world of blockchain technology. As a thought leader in the industry, Alex regularly shares his expertise with others through his contributions to the gmBlockchain blog. He is known for his ability to break down complex concepts into understandable and relatable terms, making it easier for people to understand and appreciate the power of blockchain technology.

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