Happy 2nd Birthday to the @BoredApeYC!

You have to know the past, to understand the present.

Discover the first 17 months of the club's journey in this detailed thread. For all the new apes joining the club, it's worth catching up on the fascinating history.

A long 🧵

https://twitter.com/BoredApeYC/status/1385714969547878400?s=20

February, 21

All started when @GordonGoner texted @CryptoGarga.
They, both in their mid-thirties, had been friends for a decade before deciding to start something together last year. Both was early in Crypto and also after the 2018 crash they remained believers.

They always admired the CryptoPunks and dreamed from a project with the appeal of the punks but also add value to it. They enlisted two friends, @SassBAYC and @TomatoBAYC, both software engineers, to help build before they really had any idea what they were building 🤓.

Garga texted Tomato, at this time he thought JavaScript was important to make an NFT, which it super isn't. ❌
Second thing which was wrong in his text message was the launch a SMALL crypto project. 🤑

They learned more about NFTs, and became excited about the possibilities opened up by the technology. The artwork as a key to access locked content, experiences, apparel...anything.
There’s a long history of crypto traders affectionately referring to themselves as ‘Apes’.

It’s one of the reasons why some of the most valuable NFTs in the Cryptopunks collection are Apes. They imagined a future where crypto changed the world,where everybody in crypto ‘made it’. Everyone who ‘aped’ or went hard into crypto became rich beyond their wildest imagination.

But then what? What’s a Bored Ape to do?

Their answer: Hang out in a secret club in the swamp, for Apes only. And write graffiti on a collaborative pixel board on the club’s Bathroom wall.

Now it was time to bring the idea of a club, a digital swampland Soho House to life.

The main connection to the tech world was Gordon’s old friend Nicole Muniz @VStrangeYUGA. She had spent the last decade working on strategies for the likes of FB, Google, and startups. “I’m not the person with a creative idea, but I can help you execute it, make it make money.”

“I introduced them to a ton of people so they could actually start building it out,” Nicole said. Illustrating the Bored Apes was the result of a combined effort from a team of talented freelancers. Base character and some of its signature expressions was done by @allseeingseneca

https://twitter.com/allseeingseneca/status/1422917423884341253?s=20&t=1wgJ9tnnR2NBMi0zTK5Etg

After that @migwasher, @thomasdagley and two other artists who prefer to remain anonymous created the design of the club itself as well all kinds of expressions, clothing, and accessories which were then scrambled at random into 10,000 distinct, computer-generated avatars.

It became real! ✅

Gordon said:
“Even when there was no hope in the world, I was like, ‘This is gonna work.’"

This was the first Twitter post from the official account @BoredApeYC

https://twitter.com/BoredApeYC/status/1383466067419299840?s=20&t=jORGI9XUvrNlsQZjILyB9Q

April 23, 2021

The Bored Ape Yacht Club launched with a week-long pre-sale. The cost to mint a Bored Ape NFT was .08 ETH, or around $220 in USD at the time. The Bored Apes did not arrive with a bunch of hype. sales were slow, only 500 apes were minted during the pre-sale.

https://twitter.com/BoredApeYC/status/1385750407268417536?s=20&t=WlZNf2UnWjdD4PCf2XbcAw

May 1, 2021

The remaining Bored Apes (9,500 or so) were minted in one insane night. The collection sold out in the early morning of May 1st 2021. That night, BAYC was the most-used smart contract on the Ethereum network, flipping UniSwap. 🥳


@SassBAYC said: “I’ll never forget the night, it was like two or three in the morning, and I hear my phone ring. I see that it’s Tomato and think something has gone terribly wrong. ‘Dude, you need to wake up right now. We just made a million dollars.’”

The initial sale of 10,000 apes had netted them $2 million, which was also needed for paying their moms back for fronting them the money for BAYC.
While many crypto founders would’ve taken the money and run they have decided to build 💪 and work.


“We hadn’t seen any collections that had a roadmap. There was just, okay, you buy the thing.” said Gordon. “The main thing was that it was a club. But the second thing was that road map. What utility can we design for them?” At this point, they thought of Yuga as “Web3 Supreme.

https://twitter.com/BoredApeYC/status/1383467162044571648?s=20&t=TgtuY4Yvmig5gW663iOXTg

A core part of the Bored Ape Yacht Club #NFT was THE BATHROOM, a collaborative art board for token holders. Think of it as the bathroom wall at a member's-only dive bar, ready to be scrawled on.

https://twitter.com/corporatetrash1/status/1566618929132363781?s=20&t=1wgJ9tnnR2NBMi0zTK5Etg

Ape holders are given commercial rights to their specific ape. You can sell its likeness or make derivatives of it. You can give others permission to use it. It’s yours. You own the underlying Bored Ape, the Art, completely,” the contract declared. More to IP today, later 👇

May 2, 2021

First post from @_PPMan_ in the BAYC Discord.

Happy Birthday btw 🎂

May 29, 2021

The first merch drop only for holders sold out in 6 minutes.
Of course, they knew nothing about fulfillment at this time, they foolishly decided to handle the shipping themselves. 😅

https://twitter.com/BoredApeYC/status/1398762791587229698?s=20

June 18, 2021

Bored Ape Kennel Club (BAKC) joined the family. Each owner of a BAYC was able to claim a companion dog NFT. All proceeds generated from royalty fees in the first 6 weeks went to several animal charities, after which the secondary sale commission was set to zero.

https://twitter.com/BoredApeYC/status/1406008682006069248?s=20&t=15e9MGks7ei2OheauNm3gg

July 27, 2021

Basketball NFT airdrop and later IRL claim.

https://twitter.com/BoredApeYC/status/1420097939888910346?s=20&t=UqXS6SaNDkfyg5NR8b6RKQ

August 24, 2021

The BAYC concept got weirder: Ape holders could now “breed” their ape using a “Mutant Serum,” which would morph the avatar into what Gordon describes as a “Thrasher magazine version of the apes,”
First and legendary fuck it tweet, as a teaser of the Mutants:

https://twitter.com/BoredApeYC/status/1430224271712862208?s=20&t=GvRqCS14DlQVOr__NeStWw

August 28, 2021

Mutant Ape Yacht Club (MAYC) launched. Each owner of a Bored Ape received a serum that could be used to mutate their Bored Ape into a Mutant Ape with corresponding traits. An additional 10,000 Mutant Ape NFTs were also made available in a public mint.

https://twitter.com/BoredApeYC/status/1431778965740564482?s=20&t=XDbW2x8cBqvmQ7UCDZVzRw

@VStrangeYUGA worked closely with the founders on the drop strategy/pricing, and how they could use mutants to expand the club without feeling any less special. “MAYC could have gone terribly wrong. It was really important that it didn’t feel like a cash grab, because it wasn’t.”

Still, the mutants generated a ton of money, close to $100 million after selling out in an hour, having gone on sale at a starting price of nearly $10,000 each. The timing was perfect. Bored Apes had started to proliferate as Twitter PFPs. Current BAYC members loved MAYC.

September 13, 2021

Interactive treasure hunt just for BAYC members, who explored the inside and outside the clubhouse and solved puzzles left by a trouble-making monkey named Jimmy.


https://twitter.com/BoredApeYC/status/1437580836099006465?s=20&t=7yRo5o6NiVmfA2a4KZqYFQ

September 21, 2021

Roadmap 2.0 ☠️🦍⛵️ was announced and this roadmap is still valid, even wen not all from this roadmap was launched until now.

https://twitter.com/BoredApeYC/status/1440392967437488134?s=20&t=4YLafoVGsubXG-mWfWbclA

October 10, 2021

First $APE token information

https://twitter.com/BoredApeYC/status/1446569318540615681?s=20&t=eE9cQlQdMhnM3pJSgRWu4w

October 12, 2021

After the first phone call back in July22 (introduced by @beeple) @guyoseary joined the club. “Initially, I came on as a manager.”
He helped to expand into music, TV and film.
“At some point, it went beyond management,” Oseary said.

https://twitter.com/BoredApeYC/status/1447922609266601990?s=20&t=dAsBFUynYkg91BSSntNFyQ

October 31-November 6, 2021

ApeFest #1 in New York. Members had access to an exclusive Halloween yacht party, art gallery and limited-edition merch pop up, among other perks.

After Apefest Gordon and Garga asked @VStrangeYUGA: ‘Why don’t you just come in as CEO?’” first a recall but then she started in January and upgraded the original ambition:
“People were still talking about us as monkey JPEGs. We were never gonna get to the place that we wanted

to be if we were just an NFT collection.” Out went Web3 Supreme, and in came “Web3 Disney,” as Muniz describes her vision. The goal now is to build a company with iconic IP assets that it monetizes across a sprawling, interrelated network of games, books, movies, and shows.


January 21, 2021

Holders competed in the week-long BAYC x MAYC Mobile Game Competition. The top 1,000 scorers for each NFT collection were eligible for physical prizes, including a toy plushie, a bong, a sewer-grate sculpture, a pinball machine, and a converted 02 Honda Accord.

https://twitter.com/BoredApeYC/status/1460441263694655493?s=20&t=UGd995ACuZWT_EPy76Rw-w

With the help of @guyoseary a lot of celebrities entered the swamp over the past couple of months. “I thought these four dudes were like a rock band. You want to make sure your music [NFTs] is heard by the right audience.” he said.

https://twitter.com/AltcoinDailyio/status/1508175248490782722?s=20&t=_UUT-60kc58ISVRk1Oz9eQ

Feb 5, 2022

Bored Ape Yacht Club's Founders were doxxed by BuzzFeed @katienotopoulos.

https://decrypt.co/92223/bayc-bored-ape-founders-buzzfeed


March 11, 2022

First cryptic announcement of the Otherside with a second legendary "fuck it" tweet.

https://twitter.com/BoredApeYC/status/1502056861624946688?s=20&t=GvRqCS14DlQVOr__NeStWw

March 12, 2022

@yugalabs has acquired the CryptoPunks and Meebits collections from @LarvaLabs, and the first thing they have done is giving full commercial rights to the NFT holders. Just like they did for BAYC and MAYC owners.

https://twitter.com/BoredApeYC/status/1502421061387882503?s=20&t=Yn7cHxjRBaycp37pA2llCA

“I think the original idea [for the acquisition] came from Guy, our partner,” Gordon said, “and he was the one who helped facilitate that deal.” Yuga did not disclose the value of the deal, but the rumor mill put the price at anywhere between $100 million and $500 million. 👀

With the purchase of the Punks and Meebs YUGA controls the majority of the NFT marketshare. A few months ago i have written a 🧵 why this is very important and was a very smart move from YUGA.

https://twitter.com/0xBonzo/status/1554962280848269314?s=20&t=1wgJ9tnnR2NBMi0zTK5Etg

A few days after the news of the purchase, what appeared to be Yuga’s pitch deck https://bestpitchdeck.com/yuga-labs for investors leaked online, revealing the startup’s success in startling detail.

Gordon was not happy.

https://twitter.com/GordonGoner/status/1503824994475950080?s=20&t=STwOkWujGXMjJ6yvDsXlHw

March 16, 2022

Yuga introduced @apecoin,  a cryptocurrency for all transactions within Otherside. Yuga insisted that it would not control ApeCoin: Technically it was launched and run by a DAO, and the tokens are used to vote for proposals. Bored Ape holders received 15%.

https://twitter.com/apecoin/status/1504201556165644298?s=20&t=l838P_vXzPzf1MEgcQmg_A

March 19, 2022

First @OthersideMeta teaser video.
@VStrangeYUGA: “Otherside is a game, but it’s really a platform,” and when articulating Yuga’s business model, she reiterates, “We’ll also be introducing more platform thinking into the ecosystem and how we run the company.”

https://twitter.com/yugalabs/status/1505014986556551172?s=20&t=aW-vidzttNNQDooQ4yL6Vg

March 22, 2022

Yuga closed $450 million in a seed funding round that gives it a post-money valuation of $4 billion. Yuga decided to raise money because both Gordon and Muniz sensed that a bear market was coming, and they wanted significant reserves.

https://twitter.com/Ape2047/status/1506376306308571148?s=20&t=-U64TNOSSIt8oCOccaOlOw

April 30, 2022

The Otherside mint. The KYC on somethingisbrewing xyz was to participate in the mint — only those who KYCed was able to participate. Gas was ridiculous 🙈 and not everybody was happy about the KYC.

https://decrypt.co/99219/otherside-nft-mint-burned-more-157m-ethereum

June 20-23, 2022

Apefest 2022 on @Pier17NY in NYC was stunning over all expectations incl. live performances from @Eminem x @SnoopDogg.

https://twitter.com/BoredApeYC/status/1541526892863492096?s=20&t=vxDRxrFOYzca7AWmlPkBDg

July 16, 2022

First trip on the @OthersideMeta was a tech trip. As the name implies, this demo was designed to show off the technical capabilities of the Otherside platform and it was stunning 🤩.

https://twitter.com/OthersideMeta/status/1555271228667076610?s=20&t=7TknAojMzwwWToogwaEM-g

That's it!

I have reposted this History 🧵 because there were some errors in the original post from last year that were not visible to everyone.

Maybe in the future, I'll create version 2 with a catch-up from the last few months...

Happy Birthday BAYC 🥳

https://twitter.com/BoredApeYC/status/1650197954207072258?s=20

If you have enjoyed reading please like ❤️ and retweet 🔁 with a comment ✍️.

Tltr:
Trust YUGA 💎✋

We have a great culture. Positive, friendly and helpful. Let's keep it this way!

Yours, ₿onzo🤟
DYOR
https://twitter.com/0xBonzo


References

Yuga Press: https://news.yuga.com/lets-make-a-nft
@BoredApeYC Discord and Twitter
@FastCompany: https://www.fastcompany.com/90796009/bored-ape-yacht-club-tell-all-the-untold-story-of-the-4-billion-crypto-startup


The Rise of Yuga Labs: How Four Crypto Enthusiasts Created a Billion-Dollar Ecosystem

Excited for The Summoning! 🚀

In just two days, get ready to summon an incredible power source from another dimension. 🌌

Check out my 🧵for all the details and what's next.

#NFTs #Web3 #BAYC"

1/7
What will happen during The Summoning? Gary has been studying the box and comparing notes compiled from forgotten archives. He thinks conditions are right to perform a summoning ritual that will bring an incredible power source from another dimension into our world. ☄️

2/7
On March 15, any Sewer Pass with a frozen score tied to it will be eligible to summon a power source in return. The traits of what you summon are associated with the highest score from your  frozen score and if you have a companion trait or not.

3/7
Every summoning will result in a unique power source that will consist of traits of varying rarity. SewerPass probably gets burned. Your power source won't look exactly the same as any others and every Sewer Pass will be able to participate in one summoning.

4/7
You'll have to summon your power source so that it can be utilized in the future mini-game sets to reach Evo2 and beyond. That means deadline will be something like early to middle of May for the burn of your SewerPass.
Evo2 and Evo3 will be new Mini-Games powered by $APE.

5/7
Next steps on the BAYC roadmap after the Summoning:
- Late March: Mech Types Reveal
- Early April: Evo1 Reveal
- Journey to Evo2

6/7
This new collection will not be a membership token like BAYC ❌.  Holders will have a license to use the art/image related to the applicable NFT for personal purposes and to commercialize and create derivative works of that art.


7/7
That's all that is currently known. The only other thing known is that there is a huge demand for SewerPass. My T4 with a 500k Score + Companion receives daily high wETH offers. 🔥

Big $APE Unlock 🚨

$APE Tokenomics explained - will the price drop? 📉

In just 11 days, a whopping $196.5 million worth of @apecoin tokens (40m) are set to unlock! 🤑💸

You may be wondering what this means for the future price of $APE.

Read on to learn more 🧵👇

1| Tokenomics

Circulating Supply:  368.593.750
Total Supply:        1.000.000.000

That means currently there are only 37% of $APE available on the market. 🏦

63% remained locked until further token unlocks. ❌

2| $APE Allocation

Here is an overview about the initial allocation:
62% Ecosystem Fund
16% YUGA Labs + Charity
14% Launch Contributors
8% BAYC Founders

But as written only 37% of this is on the market at the moment.

3| Past

In the middle of Sept there was the first bigger unlock of 30m $APE, 25m of that to Launch Contributors 1.
(This are companies and people that helped making $APE reality)

Until today only the initial Airdrop + Treasury (DAO) + LC1 had token unlocks.

4| Status Quo

Now we are 11 days before the biggest unlock since launch of $APE. On March 17 there is an unlock of 40m $APE (US$ 196m).

This is 4,06% of the total supply.

5| Unlock March 17

For the first time $APE will be unlocked to all groups, as you can see here and again the Launch Contributors 1 will get the main amount (25m $APE) or 2.50%. This is the same value like in the first bigger unlock in the middle of September.

6| Unlock Risks 📉

The selling pressure caused by token unlocks can lead to a drop in the token's price, as there may be more sellers than buyers in the market for a short time. In this case, the sudden increase in supply due to the unlocks can cause a significant price drop.

7| Unlock Analysis

However, the impact of the sell-off may not be significant especially over the weeks after because:

- Not all 4% will be sold 💎✋
- There was no price drop during the first 30m $APE unlock last Sept.
- there is enough demand for the coin, see below 👇

https://twitter.com/TenaciousEth/status/1631708116583579653?s=20

8| Future Unlocks

Next bigger unlock will be in September (40m) and the unlock period ends 4 years after the launch of $APE on March 17, 2026. >2bn of the locked value goes to @yugalabs, the BAYC founders and @apecoin DAO.
Here is an overview of all locked $APE from today:

9| Recap

I believe that the upcoming token unlocks in March won't have a significant impact on the token's price.
Instead, factors such as macro, as well as the upcoming ETH Shanghai Upgrade unlocking 17.6M in April, will play a more significant role in influencing $APE price.


10| One more thing

The staking pool for $APE is set to decrease from 35m to 30m in the middle of March. This means that staking $APE will result in a lower APY, which is something to consider.

Stay tuned for more details on the latest staking updates in my upcoming 🧵 soon...

https://twitter.com/Hydraze420/status/1600208722290421760?s=20

If you like this thread, leave a like and share it with your community.

Do not forget:
We have a great culture. Positive, friendly and helpful. Let's keep it this way!

Yours, ₿onzo 🤟

Sources

https://token.unlocks.app/apecoin
https://apecoin.com/about

You only seek out information that tells you what you want to hear. 📈
When you invest, research the FUD to see if it's valid outside of your bubble. ❓

Big FUD check about @BoredApeYC, is YUGA a big cash grab by VCs and all their NFTs will go to 0?

Dig into this 🧵 & find out.

1/ Latest FUD which i have seen about DOOKEY DASH shared from @I_Buy_NFTs

https://twitter.com/ShannenJPEG/status/1619486620927029250?s=20&t=MncwW2AL0hz1ibTqlX_fXw

2/ Copyright Issues

https://twitter.com/ryder_ripps/status/1619559152220790784?s=20&t=MncwW2AL0hz1ibTqlX_fXw

3/ 👀

https://twitter.com/ApeDurden/status/1618836459804585985?s=20&t=MncwW2AL0hz1ibTqlX_fXw

4/ $APE price prediction

https://twitter.com/Pauly0x/status/1619753721432535046?s=20&t=MncwW2AL0hz1ibTqlX_fXw

5/ No words needed for that 🙈....

https://twitter.com/Pauly0x/status/1561992691235188737?s=20&t=MncwW2AL0hz1ibTqlX_fXw

6/ ... but it gets worse and worse 😱

https://twitter.com/tfine/status/1617191324830023682?s=20&t=MncwW2AL0hz1ibTqlX_fXw

7/ Ongoing criticism of Celebs connected to YUGA / promoting BAYC.

https://twitter.com/ShannenJPEG/status/1619472178126405632?s=20&t=V9RGq-A3iSIWE47NYweuaQ

8/ Finally again referring to Dookey Dash.

https://twitter.com/BB7426/status/1619721710542127107?s=20&t=MncwW2AL0hz1ibTqlX_fXw

8/ and i've found also some tweets attacking Gordon below the belt which i do not want to share. ❌

To sum it up:

People typically look for things to confirm their beliefs and ignore information that contradicts it. Therefore i've collected this shit show of jealous haters so that everyone can form their own opinion about it.


My take on those tweets 👆

Haters gonna hate, just let them hate. They are jealous. Rumors are carried by haters, spread by fools and accepted by idiots. Negative thinkers always have a negative vision.

Research ✅
Read ✅
Ignore ✅

I am still super bullish on YUGA and with the latest releases of JIMMY's TRAIL and DOOKEY DASH even more 🔥🔥 as you can also read here:

https://twitter.com/0xBonzo/status/1616199864198565888?s=20&t=V9RGq-A3iSIWE47NYweuaQ

or here, written last year:

https://twitter.com/0xBonzo/status/1554962280848269314?s=20&t=V9RGq-A3iSIWE47NYweuaQ

$APE is here to stay:

https://twitter.com/0xBonzo/status/1618587646766518274?s=20&t=V9RGq-A3iSIWE47NYweuaQ

Tl;tr:

- Full trust in YUGA ❤️
- YUGA NFTs will NOT go to 0 ❌

Disclaimer

Bonzo is invested in BAYC, MAYC, BAKC, Meebits and Otherside.

DYOR


You have to know the past, to understand the present.

How four crypto degens created a billion-dollar ecosystem of cartoon apes and how they have turned @yugalabs in a $4b crypto startup.

A long 🧵

July 16, 2022

First and until today only trip on the @OthersideMeta was a tech trip. As the name implies, this demo was designed to show off the technical capabilities of the Otherside platform and it was stunning 🤩.

https://twitter.com/OthersideMeta/status/1555271228667076610?s=20&t=7TknAojMzwwWToogwaEM-g

Otherside is being built by @Improbableio, a decade-old metaverse engineering company with approximately 1,000 employees that’s backed by A16z.

https://decrypt.co/111088/bored-apes-otherside-builders-improbable-eyes-fresh-funding-3-billion-valuation-report

August 15, 2022

The BAYC Twitter account reached 1m followers.

https://twitter.com/BoredApeYC/status/1559276287621009409?s=20&t=s0aPPDxYBEEgeWiOwkb5tA

August 29, 2022

Snoop Dogg and Eminem performed on the @vmas stage. They have brought the Yacht Club and @OthersideMeta to life on the VMA stage.

https://twitter.com/vmas/status/1564074360884822018?s=20&t=WmG4ddJl-msBQFojuzpvvA

October 8, 2022

BAYC x @TheSandboxGame experience was announced.

https://twitter.com/TheSandboxGame/status/1578740687691952128?s=20&t=_N23BVFmUB3nqKXzkm_F6Q

October 10, 2022

BAYC community council was announced to help the community grow and thrive.

https://twitter.com/BoredApeYC/status/1577691866677510147?s=20&t=Nw7bB9p4zXpd1eTmDTwhvg

Since mint in April 2021, a huge IP Ecosytem developed around the Bored and Mutant Apes. Checkout this 🧵 with the latest updates around IP usage on the Apes from @harry_forj

https://twitter.com/harry_forj/status/1588293289664712704?s=20&t=TgtuY4Yvmig5gW663iOXTg

November 3, 2022

Finally some news from the Meebits. According to rumors @GordonGoner had new ideas for Meebs on his holidays.... 🤔

MB1 was announced, the first chapter of the story with a new webpage as a central hub for upcoming experiences, activations, and opportunities.

https://twitter.com/MeebitsNFTs/status/1588159420365783045?s=20&t=8iDxmzskrbZxFk2MqjPwjQ

As you have seen the last few months have been very quiet because YUGA is building, they are working very hard at the moment to scale the company (>80 employees👇), building the collection teams to launch new things in the end of Q4. 💪

https://twitter.com/0xBonzo/status/1576250869149884416?s=20&t=7yRo5o6NiVmfA2a4KZqYFQ

That's it, thx for reading 🙏. A long and awesome @BoredApeYC journey, proud to be part of it since August, 2021. ❤️

Attached a summary what could happen in the next weeks/months from @VStrangeYUGA CEO of YUGA.

https://twitter.com/0xBonzo/status/1588272914788323328?s=20&t=2nbnDWfp79Da6qYwcKFn3g