What is Bored Ape Yacht Club (BAYC)?

Bored Ape Yacht Club (BAYC) is a collection of 10,000 Ethereum-based non-fungible tokens (NFTs) that launched in 2021. Called "Bored Apes," these Ape NFT caricatures feature various facial expressions, clothes, and unique elements. Wildly popular in both the crypto community and wider online culture, many of the Bored Apes that initially sold for hundreds of USD now sell for millions.