The Iconic Bored Ape Yacht Club (BAYC) To Be Released As A Bitcoin NFT Collection – Cryptopolitan
Over the past couple of weeks, the original BAYC monkeys have marked themselves as the second most popular NFT collection worth $1.3 million. The offspring of the ultimate NFT collection has now been released on the ultimate blockchain of Bitcoin.
BAYC Bitcoin NFT is a collection of 10,000 original monkeys with unique Bitcoin characteristics, as well as 10 ultra-rare signature NFT monkeys in Satoshi masks. According to a recent announcement, the coin collection is set to begin on February 17 at 11:00 UTC.
The users lucky enough to secure a coin will become owners of a BAYC NFT at a flat price of 0.01 BTC. Given the success of the previous BAYC collections, there is good evidence that the BAYC Bitcoin NFT will perform just as well.
To make it even more convincing, once the BAYC Bitcoin NFT collection is 100% minted, the user who has minted BTC BAYC #910 will receive a 1 BTC offer from the team in exchange for it.
Bitcoin NFTs continue their exponential growth
According to Mike Fritz, CTO at Baycbitcoin, this is an exciting time for the world of bitcoin and NFTs, the potential of this and other similar projects designed and implemented via the Bitcoin blockchain is huge.
He also added that interest in Bitcoin NFTs continues its exponential growth despite the current fees, proving that there is a huge demand for a reunion with the technological roots of blockchain technology.
“The NFT market is booming again and this huge interest may be the best indicator of the hatch bull market.”
Originally introduced to crypto in 2014, the Ordinals protocol surged along with market interest two weeks ago when the possibility of creating NFTs on the Bitcoin blockchain was revealed. The main idea of such NFTs is that they are completely stored on the blockchain, which is possible thanks to the updates of SegWit (2017) and Taproot (2021). Ordinals were also the first protocol to create a Bitcoin NFT.
The latest NFT collection Ordinal Punks – inspired by the legendary CryptoPunks – has already hit the market, with Ordinal Punk NFT #620 selling for 9.5 BTC (~$215,000).
BAYC vs celebrities
Next to speak his mind in the rapid resurgence of Bitcoin NFTs is the BAYC Bitcoin NFT, which is extremely popular with celebrities and brands – Eminem for example has recently joined the list of BAYC holders, he bought his monkey for a staggering 123 .4 ETH (~$380,000) and made it his avatar on Instagram, other celebrity owners were Justin Bieber, Snoop Dogg and Jimmy Fallon.
