BAYC History -The Great Floor Sweep
BAYC History -The Great Floor Sweep
Inside The Vault
Own a part of BAYC history by getting exposure to the 8 BAYC Apes that were bought by Dingaling and sparked a massive run on May 30, 2021. This Vault includes 8 BAYC Apes PLUS the 8 respective BAKC doggos with matching serials, for a total of 16 NFTs.
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See Top 10 Owners
Proof of authenticity
Auction / Bidding
Top 10 Vault Owners
Launching on May 1, 2021 for 0.08 ETH a piece, this collection of 10,000 uniquely generated cartoon apes became an instant sensation, selling out its entire allotment within a few hours. Capitalizing on ape meme culture, BAYC quickly cultivated a loyal community of supporters, with colorful and memorable design features that reference iconic NFT projects such as Cryptopunks and Hashmasks.
Despite such a recent release, BAYC is most known for developing one of the most ardent and enthusiastic supporters, with one of the highest trafficked Discords, as well being perfect for social media avatars. NBA stars Lamelo Ball & Tyrese Haliburton are just some of the famous collectors that can call themselves BAYC owners. In addition, BAYC merch, primarily spearheaded by the community, has also demonstrated both strong primary and secondary sales.
Gold fur (x/46) is perhaps the most sought after trait. BAYC #197 and #3749 both feature gold fur, and sold for 109 ETH and 105 ETH, becoming the highest sales within the collection. Trippy fur (x/77) and blue beam laser eyes (x/49) are two other desirable traits for collectors. Featureless naked apes, known as 4 trait apes, are also popular for BAYC enthusiasts. Total sales have skyrocketed since its release, with over $92M in volume, becoming the 4th highest NFT collection in sales volume of all time, a stunning feat for such a new project.
Cryptocurrencies are inherently risky, and emerging asset classes like NFTs are no exception towards the rule. BAYC has recently seen a huge surge in volume and price and buyers should be aware of both short and long term pricing volatility.
NFTs inside the vault
Choose a single NFT if you want your collectible to be one of a kind or select multiple if you want to fractionalize a basket of multiple NTFs.
Frequently asked questions
Answers to the top questions asked by the fractional community.
Who is the custodian of a vault?
There are no custodians and vaults are fully decentralized, audited smart contracts.
What are the curator fees?
Curator fees are similar to an asset under management fee. Annually, a curator will earn a percentage of the total ownership token supply. These fees are set by the vault’s curator, but restricted by governance to prevent inordinately high fees.
What is the reserve price?
The price (in ETH) required to initiate an auction for a vault and its NFT(s).
What is a buyout?
A buyout can happen when there is an external party who deposited ETH that is greater than or equal to the reserve price. This will kick off an auction. At auction completion, the NFT will be withdrawn and fractional owners will be able to trade in their tokens for ETH.
How is the reserve price set?
The reserve price is set by the weighted average of all ownership token holder votes. If less than 50% of token holders have voted, a reserve price will not be set. Token holders cannot set a reserve price greater or less than 5x the current weighted average.
What is an auction?
An auction is a public sale of a vault and all its contents, which is triggered when someone deposits and offers an amount of ETH greater than or equal to the vault’s reserve price. The individual offering the highest price at the time the auction completes wins the buyout.
What happens to fractional owners after a successful auction and buyout?
Once completed, fractional owners are able to trade all their ownership tokens in for the ETH that was deposited by the auction winner on a pro rata basis. The ownership tokens that are traded in for the ETH are then burned by governance.
How do I learn the status of a vault?
The status of your vault is indicated by the tags (e.g., ‘Live Auction’) that can be found underneath the vault’s name.
What do the different vault tags mean?
A ‘normal’ tag indicates a vault exists and its ownership tokens have been minted. A ‘live auction’ tag indicates a vault is currently being bid on for its contents. A ‘closed’ tag indicates that a vault has been bought out.
What is the visual representation of the tokens/fractions?
Fractional ownership is represented through ERC20 or ERC1155 tokens. If your vault is using ERC1155 tokens, fractions will display in your wallet similar to other NFTs. If your vault is using ERC20 tokens, there is no accompanying visual representation.
Fractional plans to progressively decentralize the protocol to ensure long-term resilience & upgradability.