The #BAYC is the cultural zeitgeist of web3. As web3 continues to disrupt centralized hegemony, the #BoredApeYachtClub will represent the disruptor.
That is to say, by April 2022, the #BAYC floor will reach $1,000,000 USD.
Here's how and why.
The #BAYC starts with the brand. A crypto rich ape, bored out of his mind, seeking like minded apes in an everglades swamp. This vibe captured the spirit of those building out web3.
The #BAYC vibe spread to the NBA, then to music, next to the cover of Rolling Stone, and then to Hollywood. VCs and fund managers are currently boarding the yacht with @jimmyfallon as captain.
The cultural phenomena that is the #BAYC drove the ascent to the top of the NFT ecosystem.
But it is the promise of the next 3 to 6 months that will fuel a surge in floor price up to 1M USD.
In Q1, the #BAYC will be dropping $APE token. Each OG ape stands to accumulate $300,000 USD in $APE. I believe the value of $APE will double quickly as all of crypto seeks lower cost entry into the club.
Later down the 2.0 Roadmap is the secret blockchain game which will be play to earn and likely on #SandboxGame. With sandbox comes land and with p2e comes a steady stream of $APE. All for holding an ape or mutant in your wallet.
Today I bought a pixilated #wolfgame jpeg for $43,600 and it wasn't for the art.
Here's why:
Axie Infinity has owned p2e gaming for the last 6 months and printed a billion dollar economy. It is the king in the p2e space, but it has one major flaw... it's not fun to play.
#WolfGame has been divided into two prologues and a main game. The first prologue innovated in bringing risk and theft to p2e gaming. A sheep playing #wolfgame stacked 100's of thousands of $wool the in game currency.
The building blocks of a p2e game are NFT assets, land, and a token. It would make sense for the #BAYC p2e game to continue the roadmap 2.0 themes of Ape vs. Mutant.
The #BAYC DAO will transfer ownership of the #BAYC brand and IP from Yuga labs to the community pushing the price of OG apes to 10M USD.
Here's how and why.
In order to understand the DAO you need to understand the $APE token drop. Membership in the DAO will be granted to #BAYC apes and mutants as well as holders of the $APE token. See my bullish post on $APE for more details.
The #BAYC brand and IP is currently owned and controlled by Yuga Labs and is worth tens of billions of dollars. On January 3rd, Yuga Labs announced they would transfer this asset to the community via the DAO.
25% of supply dropped to apes, mutants, doggos
75% of supply held for staking & p2e
5B market cap at launch (25% in circulation)
20B fully diluted market cap
You will be able to stake your ape and mutant for passive $APE at launch up until P2E game.
P2E game will require spending $APE to create a circular economy. A #BAYC marketplace will be launched and only take $APE. A portion of the proceeds will go to the treasury for recirculation. A portion of $APE will be burned.