Non-fungible token (NFT) assets have been extremely popular in 2021 and it doesn’t seem like the NFT hype is going away any time soon. A number of NFT collections have propelled the industry to new heights with enormous sales, outpacing some of the most popular auctions selling physical items. One specific NFT project called Bored Ape Yacht Club (BAYC) has seen $542 million in lifetime sales between 8,749 traders. Moreover, on Friday, the official BAYC Twitter account announced the project plans to launch a token in the first quarter of next year.
Bored Ape Yacht Club NFT Collection Captures $542 Million in Lifetime Sales
There’s definitely been a few artists that have made millions of dollars selling single NFTs to buyers willing to pay for the cryptographic-backed collectibles. For instance, Beeple is well known for his NFT work, and one of his pieces sold for $69 million at Christie’s.
Then there are the NFT collections that have also fueled the NFT craze like Cryptopunks, Art Blocks, NBA Top Shot, Cool Cats, Curio Cards, Loot (for Adventurers), and more. Bored Ape Yacht Club (BAYC) is a collection that has seen over half a billion dollars in sales to date, and the collection holds the fifth-largest all-time volume according to dappradar.com metrics.
The Bored Ape Yacht Club (BAYC) NFTs are a popular collection of 10,000 unique bored apes created by Yuga Labs. BAYC is also tethered to another NFT collection called the Mutant Ape Yacht Club (MAYC), a collection of 20,000 Mutant Apes that are generated using a special “Mutant Serum.” While BAYC is the fifth-largest NFT collection in terms of sales, MAYC is the ninth-largest.
Historical sales activity shows that BAYC’s $542 million in lifetime sales was across approximately 21,481 sales. Dune Analytics statistics indicated there are 5,586 unique addresses today that hold at least one BAYC NFT. One owner owns approximately 103 BAYC NFTs and the NFT called Bored Ape Yacht Club #3749 is the most expensive BAYC in existence.
The top five BAYC sales of all time on October 8, 2021, according to dappradar.com metrics.
BAYC #3749 sold for 740 ether or $2.65 million last month to an ETH whale with $10.59 million worth of NFTs. The owner of BAYC #3749 owns 993 non-fungible token assets across 71 collections. Meanwhile, as the BAYC NFT collection continues to see dedicated sales, the project has plans to launch a token.