BAYC's 1st Anniversary: How the Bored Apes Became One of the Best Investments in NFTs

As the Bored Ape Yacht Club ( BAYC) turns a year old, let’s reminisce how the NFT collection became one of the greatest investments in the crypto world within 12 months BoredApeYC yugalabs

Five years ago, non-fungible tokens were an esoteric concept leveraged by a few crypto fanatics, but that changed in 2021 when NFTs made it to the mainstream. Since then, the niche has disrupted many industries, especially the art and gaming markets.

Saturday, April 23, 2022, marked BAYC’s first anniversary, and some avid Ape holders like web3 enthusiast Chris Jourdan, AKA Captain Zwingli, looked back to the early days of the NFT project and how it helped pushed “the web3 space forward” and became “a cultural phenomenon.” According to Captain Zwingli, BAYC’s founders’ decision to adopt a fair, flat price distribution for the collection contributed greatly to the project’s success in its early stage.Starting with the founders decision to scrap the popular bonding curve launch model in favor of fair, flat priced distribution.

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