# Bored Ape 1

By [metacrypton.eth](https://paragraph.com/@metacrypton) · 2023-04-13

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**Bored Ape Yacht Club**, often colloquially called **Bored Apes**, **Bored Ape** or **BAYC**, is a [non-fungible token](https://en.wikipedia.org/wiki/Non-fungible_token) (NFT) collection built on the [Ethereum](https://en.wikipedia.org/wiki/Ethereum) [blockchain](https://en.wikipedia.org/wiki/Blockchain). The collection features [profile pictures](https://en.wikipedia.org/wiki/Avatar_\(computing\)) of cartoon apes that are [procedurally generated](https://en.wikipedia.org/wiki/Procedurally_generated) by an algorithm.

The parent company of Bored Ape Yacht Club is Yuga Labs.[\[1\]](https://en.wikipedia.org/wiki/Bored_Ape#cite_note-Hetzner2022-1) The project launched in April 2021.[\[2\]](https://en.wikipedia.org/wiki/Bored_Ape#cite_note-2) Owners of a Bored Ape NFT are granted access to a private online club, exclusive in-person events, and [intellectual property](https://en.wikipedia.org/wiki/Intellectual_property) rights for the image.[\[3\]](https://en.wikipedia.org/wiki/Bored_Ape#cite_note-:0-3)

As of 2022, Yuga Labs is valued at US$4 billion.[\[4\]](https://en.wikipedia.org/wiki/Bored_Ape#cite_note-4) This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion as well as high value auction sales from their investor, now defunct [FTX](https://en.wikipedia.org/wiki/FTX).[\[5\]](https://en.wikipedia.org/wiki/Bored_Ape#cite_note-observer.com-5)[\[6\]](https://en.wikipedia.org/wiki/Bored_Ape#cite_note-6) Various celebrities have purchased these non-fungible tokens, including [Justin Bieber](https://en.wikipedia.org/wiki/Justin_Bieber), [Snoop Dogg](https://en.wikipedia.org/wiki/Snoop_Dogg), [Gwyneth Paltrow](https://en.wikipedia.org/wiki/Gwyneth_Paltrow) and others.

nft://137/0x455BBEAeE685dE2c550cD1Bb7f270B00223f0FAC/

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*Originally published on [metacrypton.eth](https://paragraph.com/@metacrypton/bored-ape-1)*