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The iconic Bored Ape Yacht Club(BAYC) to be released as a Bitcoin NFT collection

TL;DR

  • According to a recent announcement, the mint of the collection is set to kick off on February, 17.
  • The users who are lucky enough to secure a mint will become the owners of a BAYC NFT for a flat price of 0.01 BTC.

Over the past couple of weeks, the original BAYC monkeys have marked themselves as the second most popular selling NFT collection worth $1.3M. The offspring of the ultimate NFT collection has now been released on the ultimate blockchain of Bitcoin.

BAYC Bitcoin NFT is a collection of 10,000 original monkeys with unique Bitcoin traits, as well as 10 ultra-rare signature NFT monkeys in Satoshi masks. According to a recent announcement, the mint of the collection is set to kick off on February, 17 at 11:00 UTC. 

The users who are lucky enough to secure a mint will become the owners of a BAYC NFT for a flat price of 0.01 BTC. Given the success of the previous BAYC collections, there is good evidence that BAYC Bitcoin NFT will perform just as well.

To make it even more compelling, as soon as the BAYC Bitcoin NFT collection is 100% minted, the user to have minted the BTC BAYC #910 will receive a 1 BTC offer from the team in exchange for it.

Bitcoin NFTs continue their exponential growth 

According to Mike Fritz, CTO at Baycbitcoin this is an exciting time for the world of bitcoin and NFTs, the potential of this and other similar projects designed and implemented via the Bitcoin blockchain is huge. 

He also added that the level of interest in Bitcoin NFTs continues its exponential growth despite the current fees, proving that there is a huge demand for a reunion with the technological roots of blockchain technology.

“The NFT market is booming again, and this immense interest might be the best indicator of the hatching bull market”.

The Ordinals protocol, which has been originally introduced to crypto in 2014, gained momentum along with the market interest two weeks ago when the option of creating NFTs on the Bitcoin blockchain was revealed. The main idea of such NFTs is that they are completely stored on the blockchain, which is possible thanks to the updates of SegWit (2017) and Taproot (2021). Ordinals were also the first protocol to create a Bitcoin NFT.

The latest NFT collection Ordinal Punks – inspired by the legendary CryptoPunks – has already appeared on the marketplace, with the Ordinal Punk NFT #620 being sold for 9.5 BTC (~$215,000). 

BAYC vs celebrities

The next one to have their say within the rapid bloom of Bitcoin NFTs is BAYC Bitcoin NFT, a which is extremely popular with celebrities and brands – Eminem for example has recently joined the list of BAYC holders, he purchased his monkey for the staggering 123.4 ETH (~$380,000) and made it his avatar on Instagram, other celebrity owners being Justin Bieber, Snoop Dogg, and Jimmy Fallon.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Lacton Muriuki

Lacton is an experienced journalist specializing in blockchain-based technologies, including NFTs and cryptocurrency. He dabbles in daily crypto news rich with well-researched stats. He adds aesthetic appeal, adding a human face to technology.

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