Betfoc dxbOne of the most well-known and sought-after collections of non-fungible tokens (NFTs) is the Bored Ape Yacht Club. Collectors have developed a strong interest in these rare digital assets. These are selling for high prices. Let’s look at the top most expensive ( NFT Monkeys )NFTs from the Bored Ape Yacht Club in this blog. We will also look at the factors that influence their price, an analysis of its key features, and predictions for this exclusive club’s future growth.
An Overview of The Bored Ape Yacht Club
The Bored Ape Yacht Club consists of 10,000 distinct NFTs, each of which is represented by a special, crafted Bored Ape figurine. These NFTs are by Yuga Labs, a software development business, and released in April 2021. A Bored Ape Yacht Club NFT enables its holder to join an exclusive online club with several benefits.
What Are NFTs?
Digital assets known as non-fungible tokens, or NFTs verify the legitimacy or ownership of a certain item or piece of data. Unlike fungible cryptocurrencies like Bitcoin or Ethereum which may be traded one-to-one, NFTs are indivisible. They have distinctive features that set them independent from one another. In many industries, including gaming, collectibles, music, and art, they are growing in popularity.
Significance of Bored Ape Yacht Club NFTs
The Bored Ape Yacht Club NFTs hold great cultural and social value in the realm of cryptocurrencies. They represent uniqueness, inventiveness, and membership in an exclusive group of collectors. When combined with the advantages of the club, each Bored Ape NFT has unique characteristics and traits that raise their market worth and appeal.
Factors Influencing The Prices of Bored Ape Yacht Club NFTs
Bored Ape Yacht Club NFTs attract high prices due to a number of significant factors. Understanding these components can assist in explaining why some of the collection’s NFTs are more expensive than others.
Rarity & Scarcity
A Bored Ape Yacht Club NFT’s rarity and distinctiveness have a significant impact on its value. A few details that set each NFT apart from the others include fur color, clothing, accessories, and backgrounds. Seldom do collectors pay extra for unusual combinations of these attributes since they increase their curiosity.
Aesthetics & Unique Design
The innovative design and aesthetics of the Bored Ape Yacht Club NFTs impact their market worth. Collectors who appreciate the talent and originality of the designs are drawn to the characters. This is because of their exquisite artwork, and attention to detail.
Community & Social Status
Members of the Bored Ape Yacht Club have excellent social status and networking opportunities. The value of the NFTs is increased by the club’s exclusivity. It provides the opportunity to interact with like-minded individuals. In addition to purchasing a digital item, collectors become members of an influential and passionate community.
Utility & Benefits
NFT holders’ benefits and utility from the Bored Ape Yacht Club also contribute to their high prices. A variety of advantages are available to club members. including early access to any future Yuga Labs products, commercial rights to their NFT, and access to prospective club features and events. These extra benefits increase the value and attraction of the NFTs to prospective buyers.
Methodology For Determining The Most Expensive NFTs
An in-depth study of sales data, auction outcomes, and significant elements influencing their pricing determines which Bored Ape Yacht Club NFTs are the most expensive.
Sales Data & Auction Records
The analysis of auction records and sales data is required to find out the market value of the Bored Ape Yacht Club NFTs. The prices at which specific NFTs have before been offered for sale gauge their acceptability and market value.
Analysis of Key Factors
It is easier to see why some NFTs get greater prices. This is when one considers the important elements that were previously covered. Factors such as functionality, creative design, rarity, and community relevance. These elements along with sales information create a list of the priciest Bored Ape Yacht Club NFTs.
Top Most Expensive NFT Monkeys Ever Sold
Here are the top 7 most costly NFTs from the Bored Ape Yacht Club, based on the above-mentioned methodology:
Bored Ape Yacht Club: #8817
The Bored Ape Yacht Club member, Bored Ape #8817, was sold on Sotheby’s Metaverse, a premium NFT-only marketplace, for an incredible $3.41 million, or 819 ETH. Though BAYC has over 10,000 cartoon apes in its collection, less than one percent of all Bored Apes have gold fur.
Out of 10,000 bored apes, only 46 had full gold fur. The Bored Ape #8817 is a gold-plated fur ape with seven traits that rank #17 with a rarity score of 297.37.
Speaking to HYPEBEAST under his real name, NFT investor “rhincodon,” who purchased the rare Bored Ape #8817, gave his reasoning for the ape’s high value. “I had been searching for a gold ape for the last few weeks, but there aren’t many for sale, and those that are posted usually cost 1,000 ETH or more,” he said in his explanation.
Bored Ape Yacht Club: #3749
On September 6, 2021, the “Captain,” Bored Ape #3749, went for $2.91 million. It is the second most expensive bored ape that NFT has ever sold.
The six-trait Ape #3749, sometimes called Bored Ape #3749, is printed on a black T-shirt with a yellow backdrop, a gold fur ape with red laser eyes, a sea captain’s hat, and a little smiley mouth.
Bored Ape #3749 ranks #27 on the list with a rarity score of 283.99 as a result of these factors. Without a question, this bored ape has all the makings of a rare BAYC NFT.
This NFT is a fantastic example of how uniqueness, scarcity, art, and gaming all come together in NFTs, with its red laser eyes and sea captain’s hat. TheSandboxGame, the buyer, owns a large collection of NFTs that are estimated to be worth 3,880 ETH, or $13 million at the current exchange rate.
Bored Ape Yacht Club: #232
Bored Ape #232 was sold on January 30, 2022, for an astounding 1080 ETH, or $2.81 million, depending on the price of ETH at that time, which was $2602.89.
It is the only time that a bored ape NFT has ever been bought for more than a thousand Ethereum. The sale of Bored Ape #232 was the most expensive Ethereum transaction for the Bored Ape Yacht Club NFT ever documented.
This ape NFT transaction is not the most expensive money. Since the price of ETH was lower on the day of sale than it was at the all-time high of $4644.43 / ETH in November 2021.
Bored Ape Yacht Club: #8585
The initial selling price of Crowned Bored Ape #8585 was $14,082 or 5.9 ETH in May 2021. However, it was finally sold for $2.7 million or 697 ETH in October 2021 on the OpenSea marketplace.
This suggests that in five months, the value of the ape increased by around 191 times. Bored Ape #8585 is a five-trait psychedelic fur ape with a blue backdrop and heart-shaped eyes. This chimpanzee has two rare features: trippy fur and a king’s crown.
When coupled with the uncommon trait of psychedelic fur, Bored Ape #8585 is one of 77 apes out of 10,000 in the BAYC collection to wear the King’s Crown, making the NFT one of only three in the collection to have such a rare combination of features.
Compared to other apes in this guide, Bored Ape #8585 doesn’t have the greatest rarity rank or score. But it does have much collectible value due to its unique combination of traits and aesthetics.
Bored Ape Yacht Club: #2087
Bored Ape #2087, which was listed for $99,443 (or 42 ETH) in June 2021, sold for an incredible $2.31 million (769 ETH) in September 2021. This Bored Ape NFT is the second-rarest with a rarity score of 312.34.
This is one of the most basic depictions of a bored ape, with rainbow-colored hallucinogenic fur, angry eyes, a purple background, and a tired cigarette in his lips.
Bored Ape #2087 is the rarest feature in the BAYC collection—its colorful fur appears 77 times out of 10,000 times.
The Bored Ape #2087 was bought on the OpenSea marketplace by IPCollector, an NFT investor who purports to own 300 NFTs. This ape was sold to an unidentified investor in October 2021.
Bored Ape Yacht Club: #7090
Out of the 10,000 apes in BAYC’s collection as a whole, only 46—including Bored Ape #7090—have the rare Solid Gold fur. It is #77 on Rarity Tools’ list of rare things with a rarity score of 250.33.
Bored Ape #7090 is a five-trait ape with a fresh punk blue backdrop and solid gold luxury resort doorman eyes shaped like hearts. He also has a colorful smile. This combination of attributes is quite rare.
NFT investor icanfly3 in September 2021 purchased Bored Ape #7090 for 600 ETH, or around $2.27 million. It was selling for 199 ETH in August of 2021.
After one month, the ROI is around 300%. OpenSea, an NFT marketplace, saw record business in 2021, due to the explosive growth in popularity of the BAYC collection.
Bored Ape Yacht Club: #8135
With a rarity score of 320.12 points, the Bored Ape #8135 is the coolest NFT to make it into the top 10 rarity rankings. It is also the seventh-rarest ape overall.
Bored Monkey #8135 was bought on OpenSea in September 2021 for $1.87 million (or 550 ETH). Bored Ape #8135 is the first NFT item that buyer MetalinkLabs has ever purchased.
Out of 10,000 bored apes, only 26 of them had the Bored Unshaven Pizza highlighted in Bored Ape #8135. Another highly unique feature of this ape’s mouth is the Bored Unshaven Dagger, which is present in 28 out of the 10,000 apes in the BAYC collection.
Final Words
Whether you work for a game development firm like Betfoc or are an NFT enthusiast, you need to stay updated on the most recent developments in the field. Those who believe NFT is a good investment and want to become part of the collecting community will continue to search for rare bored apes.
One of the leading game production firms that are utilizing NFTs in the creation of casino games is Betfoc. With its modern features and user-friendly UI, it provides its clientele with the ultimate gaming experience.
