'Bored Ape Yacht Club' Tops $70m Sales In Latest NFT Empire

The NFT collective, including 'Bored Ape Kennel Club,' have taken off since May

The Bored Ape Yacht Club is easy to write off — its based entirely on pictures of, well, bored looking apes. That’s it.

But the BAYC is the leading edge of the NFT avatar movement, which has captivated the market recently with generative, collectible art, often of animals, that people build identities around. NFT avatars, arguably popularized by Larva Labs' Cryptopunks, have grossed at least $150 million in sales since the start of May, according to NFT data website Cryptoslam.io.

Right Place & Right Time (bitcoin hourly price offset)

Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/

01/07/2021 'Bored Ape Yacht Club' Tops $70m Sales In Latest NFT Empire

The NFT collective, including 'Bored Ape Kennel Club,' have taken off since May