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Bored Ape Kennel Club: Everything you need to know about BAYC Canine Companions Bored Ape Kennel Club: A complete guide
The Bored Ape Kennel Club (BAKC) project has been making waves since it emerged in June 2021, and its popularity shows no signs of abating. As an offshoot of the Bored Ape Yacht Club project, BAKC NFTs use the ERC-721 token standard on the Ethereum blockchain, enabling verification of scarcity and tracking of NFT ownership.
In this guide, we’ll take a closer look at the history of BAKC, the project’s mission to promote social good, and how you can buy BAKC NFTs. We will also provide you with important details on web3’s favorite dogs to help you get started in the exciting world of BAKC NFTs. So let’s dive in and discover everything there is to know about these lovable pups!
What is the Bored Ape Kennel Club?
The Bored Ape Kennel Club (BAKC) believes that every monkey needs a loyal four-legged companion. Especially in times of isolation in the swamp. BAYC aims to offer dogs for adoption to all members at no cost, except for gas fees. These dogs are a source of comfort, a friend, a bear retriever, or even a rocket launcher to attack other primates, like Jimmy. BAYC recognizes the importance of canine companionship and hopes to bring joy to its members through this initiative.
The Bored Ape Kennel Club BAKC NFT Collection was created to reward Bored Ape NFT holders with a furry four-legged friend – a digital canine NFT with 170 different characteristics. These characteristics include coat color, eye and mouth position, and accessories such as glasses, hats, shoes, collars, and fashionable attire.
These NFTs are referred to as “Club Dogs” and are companions to the Bored Apes. These furry friends frequent the metaversal Yacht Club, which inspired the entire BAYC NFT universe. It’s like collecting virtual pets, but make it blockchain.
Who created the Bored Ape Kennel Club?
Yuga Labs, the creators of Bored Ape Yacht Club, launched the Bored Ape Kennel Club NFT Collection. The dogs in the collection were only revealed on the last day of the minting period, which was June 25, 2021. During the first six weeks of BAKC NFT trading, Yuga Labs collected a 2.5% royalty on secondary sales.
This was in addition to the 2.5% transaction fee charged by the OpenSea marketplace. The additional royalty was donated to no-kill animal shelters. However, the additional trading fee has now been removed.
When was BAKC NFT minted?
In April 2021, Bored Ape Yacht Club (BAYC) sold NFTs for $200, then skyrocketed in value. Just a few months later, in June, the Bored Ape Kennel Club (BAKC) NFTs went through the same roller coaster ride. The BAKC NFTs have collectively accumulated over 253,314 ETH in trading volume. These canine NFT companions sell for over $100,000 on marketplaces like OpenSea and Sotheby’s.
And if that’s not enough, the Yuga Labs team also released a subsequent collection called the Mutant Ape Yacht Club (MAYC), and even provided BAYC collectors with an airdrop allocation of ApeCoin (APE) in March 2022. APE is a The ERC-20 token used for governance and utility in the vast BAYC crypto ecosystem of NFTs, commodities, events, games and metaverses.
BAYC Airdrop – Bored Ape Kennel Club Adoption Drive
Bored Ape Yacht Club has been making waves in the world of non-fungible tokens (NFTs) thanks to its unique storytelling approach. The project recently launched the Bored Ape Kennel Club (BAKC) airdrop. This drop rewarded eligible BAYC members with free NFTs designed to support animal welfare causes. This includes donations over $1M across welfare organizations such as Orangutan Outreach, Friends of Bonobos, Wright Way Rescue and the Wolf Conservation Center.
This move was a hit with the community and helped increase the value of the BAYC brand overall. Using creative methods such as surprise drops and compelling narratives, BAYC stands out from other NFT projects that lack originality and practicality. Giving away free NFTs is a great way to say “thank you” to backers and improve your project’s reputation.
Bored Monkey Kennel Club NFT Utility
One of the main tools of the BAKC NFTs is that it is simply the easiest, most cost-effective and easiest way into the Yuga Labs ecosystem. Furthermore, the tradability of these pet NFTs makes them appealing to most traders. The benefits of a Bored Ape Kennel Club (BAKC) NFT include:
- Complementary Airdrop: Holders of a Bored Ape Yacht Club NFT at the time of the airdrop received a BAKC NFT for free. BAKC also sends ApeCoin to holders from time to time.
- Randomized Properties: Each BAKC NFT comes with a set of randomized properties, making them unique.
- Exclusivity: The relative exclusivity of BAKC NFTs has led to high value on the secondary market.
- Lower cost: Compared to other NFTs in the Bored Ape Yacht Club pantheon, BAKC NFTs have a lower cost of entry.
- Tradability: Holders can trade their BAKC NFTs on the secondary market. This allows them to potentially make money or match with similar properties.
Overall, owning a BAKC NFT gives holders the opportunity to own a unique and exclusive digital dog with the potential to increase in value over time.
How much does a Bored Ape Kennel Club NFT cost?
The current coin price (floor) for BAKC is around 4.79 ETH. It has been confirmed that there will be no more Club Dog drops. These special BAKC dogs are the only ones that will ever exist. Furthermore, once the adoption campaign has ended, it will no longer be possible to get one.
Aside from owning a cute digital pet, there are benefits to owning a BAKC NFT. These NFTs provide access to the Bored Ape ecosystem. This is where collectors receive exclusive rewards such as community access and special events. Additionally, owning a BAKC NFT means you have full ownership rights to the artwork, giving you the ability to create and sell your own merchandise featuring your NFT dog.
In the future, there may be more benefits to owning a BAKC NFT. There is an opportunity to stake your NFT, which can result in even more rewards. Binance has already announced the release of their Bored Ape Staking Program and BAKC staking may be available soon.
Where can I buy a BAKC?
BAKC NFTs are available on major digital marketplaces such as OpenSea and Binance.
Conclusion
In conclusion, the Bored Ape Kennel Club has made a significant impact on the NFT world. They offer unique digital dogs to members and support animal welfare causes. Yuga Labs, the creators of Bored Ape Yacht Club, have created a loyal community that values creativity, originality and practicality. The BAKC NFTs have provided an entry point into the Yuga Labs ecosystem and increased the value of the BAYC brand overall. The randomized properties, exclusivity and tradability of BAKC NFTs have made them appealing to traders and collectors alike.
The BAKC Airdrop, where eligible BAYC members received free NFTs designed to support animal welfare causes, was a hit with the community and helped boost the project’s reputation. The BAKC NFTs have a lower cost of entry compared to other NFTs in the Bored Ape Yacht Club collection. Holding a BAKC NFT provides an opportunity to own a unique and exclusive digital dog that can potentially increase in value over time.
Overall, Bored Ape Kennel Club has demonstrated the potential of NFTs to support meaningful causes while offering unique and collectable digital assets to its members. The BAKC collection has shown that digital pets can be just as valuable and loved as their physical counterparts. The Bored Ape Kennel Club is a testament to the power of community and creativity in the NFT world.
