Crypto

Why Are Bored Ape NFTs So Expensive?

We found out why Bored Ape Yacht Club NFTs are so expensive. You can too by reading this blog.
July 4, 2025
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Bored Ape Yacht Club NFTs have given rise to a subculture of their own, largely due to what they represent. Bored Ape NFTs are edgy and ambitious. 

They are a collection of 10,000 NFTs whose creators are unapologetic about the quirky and in-your-face design of each Bored Ape. Design or otherwise, the BAYC NFTs have become much sought after.

In fact, the most expensive BAYC NFT is worth 769 ETH ($2.3 million). The Bored Ape Yacht Club phenomenon is fascinating. Subcultures have come and gone. 

But none have managed to generate the intrigue and revenue like Bored Ape NFTs have in a short period of time. Let’s figure out why Bored Apes are so expensive and what makes them special.

1. Bored Ape Yacht Club NFTs Are Rare

Goods and services are known to operate on a demand and supply basis. Low demand & high supply = low prices; low supply & high demand = high prices. BAYC NFTs are bound to the same principles. 

There can only ever be 10,000 Bored Ape Yacht Club NFTs. This means that there will always be a scarcity or a lack of supply of fresh Bored Apes hitting the market. 

But Bored Apes aren’t just rare collectables - even their designs are unique. The creators have used a combination of 170 unique traits like golden fur or cyborg eye to model each Bored Ape NFT.

If you’re wondering why B

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