Bored Ape Kennel Club: Dog Companions for every Bored Ape NFT
by Corporate Trash
The team behind the Bored Ape Yacht Club (BAYC) — also known as Yuga Labs — hinted that a members-only surprise was coming for weeks. Although members speculated on what it could possibly be, nobody quite expected what was coming: a dog companion for every ape.
On Friday, June 18, the Bored Ape Kennel Club (BAKC) was born. Now, as we await the reveal, the floor for Bored Ape dogs has already hit 1.5 Ethereum on OpenSea, adding value for every Ape owner.
The Canine Companions for Bored Apes
It was announced that every one of the 10,000 Bored Apes could mint a canine companion, for the cost of gas only. Similar to BAYC, the official Bored Ape Kennel Club website the NFT dogs are “10,000 unique and programmatically-created tokens, with 170 possible traits, some rarer than others.” These will never be for sale from BAYC, and only available to those with an ape.
Better yet, the BAKC is donating 2.5 percent of secondary sales on OpenSea to no-kill animal shelters for the first six weeks.
The dogs are adding value to Ape owners, while the Bored Ape team continues to work on additional utility for Apes — such as the member-only treasure hunt and mutant breeding.
What’s special about the Bored Ape Kennel Club?
One aspect that distinguishes the BAKC from the BAYC is that the dogs look to have backgrounds placing them in various areas within the BAYC “swamp,” rather than just solid colors, like the apes.
The Kennel Club dogs also have traits that extend to their feet, unlike the apes, which are more focused on being a user’s profile picture and digital identity — shoulders up images.
The BAYC team said this is because they “wanted to keep a separation between the profile picture avatar of the Bored Ape and anything else we make.”
The dog traits will be revealed on Friday, June 25 at 6 p.m. EST, which gives all BAYC members a week to mint their accompanying dog(s). Once this time expires, there will be no more BAKC dogs available to mint. This means there will likely be fewer dog companions ever created than the 10,000 Bored Apes.
The BAKC dog will not necessarily resemble an owner’s ape. However, some are speculating that some ape owners will desire a dog that resembles their ape, and trade for their ape’s canine twin.
Details of the Bored Ape Kennel Club
Shortly after the announcement of the dogs, a Twitter Space hosted by NFTs Anonymous had approximately 300 Bored Ape owners tuning in to hear from the BAYC team about the surprise.
During the Twitter space, the BAYC creators discussed that as they thought about companions for the Bored Apes in the swamp, they considered using gators. In the end, the BAYC team decided that everyone loves dogs, and that they would be the most suitable companions for the Bored Apes.
It was also confirmed during the Twitter space that the BAKC dog owners will have full commercial rights, in the same way that BAYC owners do. There was some confusion this weekend over what that exactly entails, after the BAYC sent a cease and desist to a derivative on OpenSea.
Bored Ape Floor Price on the Rise
The news of BAKC caused a steep rise in the floor of the Bored Apes on the secondary market. Not only did the Bored Apes rise, but the dogs added value of their own as well.
As of June 20, 1 p.m. EST, the floor on a Bored Ape on OpenSea is 3.85 Ethereum, and the buy now floor for the yet-to-be-released BAKC dogs is 1.5 Ethereum.
Airdrop NFTs: the New Normal?
This type of surprise is similar to when Larva Labs allowed CryptoPunk owners to mint Meebits for free through a community grant. The NFT community is now looking at their favorite projects and wondering if they’ll eventually be rewarded with an airdrop from them as well.
This method doesn’t just reward holders and create a disincentive to flipping but brings excitement and attention back to the project in a rapidly evolving industry that is changing by the hour.
Time will tell how the BAKC will be integrated with the BAYC, but it’s likely to be an integral part of the project. Apes walking around the metaverse with their dogs at their side? Possible future rewards for those who hold onto both?
One thing is for sure — only six weeks in, the Bored Ape Yacht Club is just getting started.
Follow Corporate Trash on Twitter: @corporatetrash1.
Note: This article is not investment advice. Disclosure: Corporate Trash owns two Bored Apes as of the time of this post.