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The Bored Ape Yacht Club , or simply Bored Ape, is an Ethereum-based non-fungible token collection. An algorithm procedurally generates profile images of cartoon apes in this collection. Yuga Labs is the corporation that owns the Bored Ape Yacht Club. On April 23, 2021, the project held its first live pre-sale. A exclusive online club, exclusive in-person events, and intellectual property rights for the image are all available to owners of a Bored Ape NFT. The Bored Ape Yacht Club NFTs have sold for more than a billion dollars as of 2022. Singer Justin Bieber, TV comedian Jimmy Fallon, rapper Snoop Dogg, singer Madonna, Neymar, Paris Hilton, and DJ Steve Aoki are among the celebrities who have purchased these non-fungible tokens. The NFT collection was created by four guys who "went out to make some dope apes, test their talents, and try to build something ," according to the website of the Bored Ape Yacht Club . Bored Ape NFTs, like other NFTs made and utilised for digital art, aim to offer "original" artwork to its owners. Owners of Bored Ape NFTs are said to have "a unique unit of data recorded in a digital blockchain, which maintains its provenance or sales history eternally." The collection, which is based on the Ethereum blockchain, has 10,000 unique NFTs created from 172 different assets. The NFTs can also be used as a Yacht Club membership card. The BATHROOM , a digital graffiti board, is part of the club's membership package. The NFTs were initially auctioned for 0.08 ether each, or roughly $190 at the time of its April 2021 introduction, and were completely sold out in under 12 hours. Bored Apes vary from other NFTs in that "whoever owns a Bored Ape can spin it into whatever film, music, television, book, or media production they desire," as BAYC "has made it clear that NFT holders have complete commercialization rights to their ape." "Whoever owns a Bored Ape can spin it into whatever film, music, TV, book, or media endeavour they desire," as opposed to other NFTs. Welcome to the NFT INDUSTRY channel! On this channel you will find informative videos about NFTs. On this channel you will find the latest news, but also tutorials about NFTs. Please consider like, commenting, subscribing, and ringing the bell! EVERYTHING contributes to our growth! Subscribe Here➡️https://bit.ly/38vQEJR DISLAIMER We do not offer financial advice on this channel, these videos are made for informational purposes! #nft #boredapeyachtclubexplained #boredapeyachtclub #yachtclubnft