If You Were Shown A Typical Cartoon Image Of A Bored Monkey, You Probably Wouldn’t Even Think That This Image Could Be Worth More Than $1 Million.

Even more strangely, you don’t think famous people like basketball stars Stephen Curry and Shaquille O’Neal or singers like Eminem and Justin Bieber and Snoopdog are looking for it.

However, in the worldNon-homogeneous tokens(NFT), Anything is possible. We are talking about the expensive and popular permits of the Monkey Castle NFT Series (BAYC).

What is the reason for these strange monkeys’ fame and billion-dollar value? This article will evaluate the launch history, development team, ecosystem, and top features of the Castle Monkeys NFT collection from different angles.

If you are also eager to read the story of these lazy monkeys, stay with us until the end of this article.

What is the Dull Monkeys NFT?

Bored Ape Yacht Club, or BAYC, is a set of 10,000 tokens with the ERC721 token standard. This collection in 2021 was inspired by the collectionCryptopanx(CryptoPunks) on the blockchainEthereumIt was released and soon found a value of several billion dollars.

Board IP Yacht Club or Castle Monkeys Sailing Club makes its users members of an online club with special privileges.

This clubAirdropsMulti-thousand dollar, special events and seminars with the presence of celebrities, participation in particular blockchain games, the right to commercial use of token IP, and many other benefits are available to BAYC token holders.

These monkeys have 170 distinctive features. For example, each monkey’s background image, clothes, facial expressions, and ornaments are unique. Some Castle Monkey NFT collection features are rarer and, therefore, more valuable.

The differentiation of these tokens is one of the reasons for their value. The rare the monkey has, the more valuable it is.

It should be noted that each unique token acts like a document of exclusive ownership of a digital asset and gives special rights to the pass holder.

Castle Monkeys NFT History and Creators

On April 23, 2021 (May 3, 1400), Yuga Labs company released the NFT board IP Yacht Club when the crypto market was booming. The Yoga Labs team comprises four leading developers, Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass.

In February 2022, the media company BuzzFeed revealed the real identity of two team members. Gargamel’s name is Greg Solano, and Gordon Gunner’s name is Wylie Aronow. After this incident, Emperor Tomato Ketchup and New Sauce were forced to publish their pictures in separate tweets, along with their unique board ip tokens, against their inner desire.

Top right: Nu Sas; Top left: Gargamel; Bottom right: Gordon Gunner; Bottom left: Emperor Tomato Ketchup

Even the development team of Castle Monkeys did not think that these tokens would be able to secure their place so quickly next to the flagships of other tickets, such as “Cryptokitties” and “Cryptopanx” collections. Interestingly, the entire collection of Castle Monkeys was utterly sold out just 12 hours after its release.

To better understand the financial value of the Castle Monkeys collection, it is better to look at statistics and throw numbers. When writing this article (late 2011), the daily trading volume of Monkey Castle tokens is close to 694 Ether, and the least valuable pass in this collection is around 73 Ether ($109,381). The total market value of this collection is estimated at 728.8 Ether, or approximately 1 billion dollars. This is even though the price of each of these tokens at the beginning of the release was only 0.08 Ether (equivalent to $220 at that time).

Yoga Labs collaborations

The close competition with other NFT collections reached the point where YogaLabs bought the intellectual property of famous non-homologous groups such as Cryptopanx and Meebits in March 2022 (Esfand 1400). In addition, the brilliance of Castle Monkeys’ NFT collection made various prominent companies eager to cooperate with Yoga Labs.

In December 2021 (late fall 1400), Chinese blockchain gaming company Animoca Brands launched a monetization game using BAYC non-gaming tokens. It is not harmful to mention Animoka, the creator of famous and billion-dollar blockchain games such as Sandbox (The Sandbox).

Additionally, companies outside the crypto industry, such as Adidas, a well-known sportswear manufacturer, have collaborated with Bordip in various fields. For example, Adidas offers some unique products only to special customers who have bought board ip tokens for this company.

The NFT Ecosystem of Castle Monkeys

The unprecedented reception of this collection made the development team think of launching new plans for the growth of the BAYC community. In the following, we will introduce some of these projects.

Mutant IP and Kennel Club

The average value of Bored Ape Kennel Club and Mutant Ape Yacht Club tokens is 8 Ether ($12,000) and 15 Ether ($22,500), respectively. These projects have achieved the such significant success that they were supposed to be released only as side sets of the board app in the form of airdrops and to be a reward for the holders of these tokens.

Kennel Club’s NFT board collection included 9,602 “companion dogs” for castle monkeys. In June 2021 (Khordad 1400), this collection was given free of charge to Bord Ip owners. What added to the value of these dogs was that they were not offered for public sale.

Several tokens of Board IP Kennel Club

Two months later, in August 2021, another NFT set named Mutant IP Yacht Club was awarded to Castle Monkey holders. Each of the owners of Castle Monkey’s NFTs received a strange digital serum. These serums could turn lazy monkeys into mutant monkeys.

In this way, the owners of the board apps could have new and mutated versions of their unique tokens. Unlike the Kennel Club collection, 10,000 MutantIPs were released for general sale at an initial price of 3 Ether. This collection was sold in less than an hour with a profit of 96 million dollars.

Two Mutant Monkeys (Mutant Ip)

IPcoin

The following program was related to ApeCoin tokens, released in March 2022 (March 1400). The makers of Ip Coin have set a supply cap of 1 billion units for it, of which 150 million units have been allocated to the holders of tokens such as Bord Ip, Mutant Ip, and Kennel Club. ApeCoin holders can become members of ApeCoin DAO and participate in the governance process of the ApeBoard ecosystem.

Participating in the governance of the IpBoard ecosystem is an attractive topic for IpCoin holders. The roadmap of the Castle Monkeys ecosystem includes various projects, such as the supply and development of blockchain games, holding virtual events in the Metaverse, and collecting physical products.

The image of the map of the strange route of the board apps was published on September 21, 2021 (September 30, 1400) through the Yoga Labs Twitter account.

It should be mentioned that currently (late February 2011), this token is traded for around 5.3 dollars; with a market value of 1.95 billion dollars, it is ranked 34th in the list of the top digital currencies of Coinmarketcap.

Address side; Castle Monkeys NFT Metaverse

In April 2022, the Yoga Labs development team released Otherside as another project derived from Castle Monkeys. Over 10,000 players can interact and complete different missions at the same time in the large-scale RPG game Etherside.

Adreside Metaverse world

In this project, Yoga Labs had the support of famous names such as Andreessen Horowitz’s investment company. Andersen Horowitz helped Yoga Labs hold a successful fundraising event in March 2022 (a month before Addressside’s launch). In this event, Yoga Labs raised $450 million in funding for its new Addressside project.

The unique tokens of this metaverse world were initially awarded to the owners of Board IP tokens and then went on public sale on April 30, 2022 (April 10, 1401); Of course, the method of selling and distributing address side tickets was accompanied by a lot of noise and confusion. If you want to know more about this metaverse world and the controversial story of its token distribution, we suggest this matter read about digital currency.

Spindle

An image of the Spindle Dash game

Donkey Dash is the latest project of Yoga Labs, which has been discussed since the beginning of January 2023. DokiDash is a web-based monetization game that allows players to generate NFTs. You must run as fast as possible in this strange game and collect different items.

Only users with Board IP, Mutant IP, and Kennel Club tokens can receive NFT “Sewer Pass” to play this game. The news of the launch of the new Yoga Labs project caused the tickets of the three sets of Board IP, Mutant IP, and Kennel Club to experience price jumps with three-digit percentages in less than 24 hours.

The reasons for the popularity of the Bored Ape Yacht Club collection

Undoubtedly, having a token at the center of attention of famous and international brands like Adidas can put people in a unique position. If this token attracts the attention of famous personalities and stars of television programs and professional athletes, its popularity and value will multiply.

Many people pay a considerable fee to put their Board Ip Token images on their Twitter avatars and social networks to enjoy the social prestige of having a Board Ip Token. Membership in private groups with the presence of sports and art stars and participation in in-person or online events that are only for the holders of these tokens can easily arouse the desire of any person to have these strange monkeys.

Each of these tokens acts like a membership card. By purchasing each castle monkey, people also get the commercial right to use these monkeys. The license to use these cartoon images online or physical products is only available by purchasing these tokens.

Castle Monkeys’ most expensive NFT

Some Castle Monkeys NFT collection tokens have brought millions of dollars in profits for their owners. In October 2021, token 8817 was sold with a value of about 852 Ether (equivalent to $3.4 million at the time of the sale), making it the most expensive Monkey Castle in the series. The seller of this token with the username “Jimmy” is also considered the owner of 74 other tickets. Various factors, such as the rarity of the token’s feature or the previous owners’ reputation, affect each monkey castle’s price.

The next record sale belongs to token 3749, sold in September 2021 for about 740 Ether (equivalent to $2.9 million) on the OpenC market. A person with the username “Boothy” in Metaverse Sandbox was the buyer of this token.

Token number 544 is considered the third most expensive token of Bordip, worth 675 Ether (equivalent to 2.86 million dollars). In November 2021, one of the famous Twitter accounts named “Saint Bayview” bought this token.

Design: Farshad Motkalami © Erzdigital

If we want to show just one example of the profitability of these tokens, we should mention the 2087 token. This token was sold at 769 Ether ($2.3 million), while its initial price was only 0.08 Ether ($229)! It should be mentioned that by the beginning of 2023, the value of the top 10 tokens of Bordip will be estimated at a total of 24.5 million dollars.

The Castle Monkey Token Collection ranks among the top NFT projects with a market cap of $1.2 billion. Also, in terms of price floor compared to other sets, the first place has the most expensive NFT set.

It should be noted that while the Cryptopanx collection is the second most expensive NFT collection, it is still $170 million behind the leading castle monkeys. Also, we should mention that the third place of the most valuable NFT tokens belongs to Mutant IPs, one of the side sets of Bord IPs.

List of the most expensive NFT sets (source:nftpricefloor)

Features of Castle Monkeys NFT collection

As we mentioned, the unique features of board apps have made them valuable tokens. In this section, we would like to point out those features of the Castle Monkey NFT collection that have caused their constant price growth.

being rare

In total, there are only 10,000 clipboard tokens. If the world’s population is 8 billion, only 0.000125% of this population can have NFT boards. The rarity of BAYC tokens is not only related to their number; Because, in addition to the limited supply, each lazy monkey has a unique face and shape. The characteristics of some of these monkeys, such as golden fur and laser eyes, are rarer and more valuable than others.

Thus, each NFT of this collection can have its rare and unique features. These features sometimes increase the price of monkeys to crazy levels. For example, in October 2021, Monkey No. 8817 was sold at an auction at Sotheby’s Metaverse Market for $3.4 million!

Welcoming celebrities

After several famous personalities such as DJ Khaled, Serena Williams, Jimmy Fallon, and Paris Hilton bought Boardip tokens, their price skyrocketed. The reception of notable people from the BAYC collection became an advertisement for these monkeys and one factor in the popularity of non-homosexual tickets and digital currency space.

Madonna paid 180 Ether, Justin Bieber 500 Ether, Neymar 160 Ether, and Timbaland 75 Ether for their board tokens. The list of famous people with the Tokenboard app is much longer than the people we mentioned in this article.

Features and benefits of BAYC

“Castle Monkeys Rowing Club” is an online club that offers unique benefits to its members. As mentioned, the Castle Monkeys development team has released several airdrops for BoardIP token holders.

Also, the owners of Castle Monkeys have access to an exclusive and private Discord group where actors, singers, and sports stars who own board tokens are also members of this group.

In addition, these monkeys give their owners access to a strange virtual wall where they can paint a pixel every 15 minutes. Although this particular wall has no other advantage than a group drawing board, it still attracts more audience to this project.

Special privileges such as being a member of Dao IPCoin or participating in Metaverse games and events, and even participating in private and special events in New York, California, the United Kingdom, and Hong Kong are all included in the list of benefits of Castle Monkeys. Each of these features alone can increase the value of these unique tokens.

Where to buy Castle Monkeys NFT?

The initial sale of Castle Monkeys has ended; Therefore, to buy these monkeys, you should use the secondary markets for buying and selling NFTs, such as “OpenSea” or “LooksRare.” Of course, if you live in Iran, you should not ignore the international sanctions against Iranian users. For example, the “OpenC” platform does not provide services to Iranian IPs.

Read more: What is F-NFT or Split NFT? A different way to buy Gentile Tokens

To buy the Token Board app, you must first have a wallet compatible with the NFT market you are consideringmetamskCreate (MetaMask). After depositing enough Ether to your wallet, connect it to the platform and select your desired token. Note that the least valuable pass of the Board app is currently priced between $100 and $200. Also, you should consider the purchase transaction fee.

The future of the Bored Ape Yacht Club collection

Currently (end of Bahman 1401), according to statistics “Nonfungible” platform Castle Monkeys’ NFT series has been ranked among the best-selling non-homologous tokens in the market. This collection has moved more than 5.1 billion dollars between different wallets in less than two years. This figure for the CryptoPanx portfolio, launched in mid-2017, is valued at only $2.6 billion.

Castle Monkeys’ NFT collection can be considered a successful example of what users expect from the NFT market in the future. These lazy monkeys have survived the harsh crypto winter, so their market fever isn’t slowing down anytime soon. However, the world of Metaverse and non-homologous tokens is still in its infancy, and it is not unlikely that more powerful homologous sets will be introduced to the market with the resurgence of the crypto market.

What can encourage fans of board apps is the continuous effort of the development team of this series. According to one of Yoga Labs’ core members, Gunner, the collection is trying to create a “new web3-based lifestyle.”

YogaLabs seems to know very well that no success in the crypto world is permanent. To stay on top of the peerless token table, it must continuously provide new rewards and facilities to the owners and buyers of the collection. In addition to airdrops and frequent collaborations with large companies and projects, YogaLabs constantly tries to expand and develop the BAYC community by hiring professional artists and social media managers.

Frequently asked questions

Finally, we answer some frequently asked questions related to BAYC.

What is Castle Monkeys NFT Collection?

Board ips are a collection of 10,000 unique alien tokens shaped like cartoon monkeys with rare characteristics and strange appearances. These tokens provide special privileges to their users, such as membership fees in important clubs or valuable airdrops.

What points should we consider when buying the Castle Monkey NFT collection?

Check the validity and security of your desired market as well as the exact price of the token. Also, track the transaction history of the ticket as much as possible and make sure it is not fake. Try using hardware wallets for the long-term storage of your tokens.

Where did the history of Castle Monkeys’ NFT activity begin?

On April 23, 2021 (May 3, 1400), YogaLabs released all the tokens of the board app, A rare event that sold out all tickets in less than 12 hours.

What is the price of Castle Monkey NFT?

Although the bottom price of these monkeys is estimated to be around $200, the most expensive token in the collection is worth more than $3 million.

What are the benefits of buying the Bored Ape Yacht Club collection?

One of the essential advantages of having an Ip board token is the unique social status that the holders of these tokens get. These special privileges include enjoying valuable airdrops and being invited to online and in-person events for BAYC holders.