There are approximately 10,000 Bored Ape Kennel Club (BAKC) NFTs. Every BAKC dog is created as an ERC-721 token on the Ethereum blockchain and hosted on IPFS. Every dog in the kennel club is programmatically generated from over 170 possible traits with some traits being rarer than others.
Less than 10,000 BAKC NFTs will exist. There have been a few Apes who have attracted a lot of attention by being sent to an address that essentially takes them out of the pool.
The dogs will be unveiled at 6:00 p.m. EST on June 25, 2021, and the pups will find a new home.
Crypto Punks set a precedent by giving collectors of their NFTs free access to future drops. Bored Ape Yacht Club, (BAYC), has taken its inspiration from the OG NFT project and introduced a limited-time drop to the Apes.
Bored Ape Kennel Club introduces BAYC-inspired dogs to the metaverse. For a limited time, each BAYC member can adopt a Club Dog NFT free of charge (gas fees included).
According to the project creators, it is described as follows:
“Sometimes it can get lonely in the swamp. Every ape needs a companion four-legged. To cuddle up to your feet. To get you a beer. To shoot a missile at Jimmy the f****** monkey. We started the Bored Ape Kennel Club and are offering a free dog for adoption to all members of the BAYC.”
The BAKC NFT will charge a 2.5% commission on all secondary sales. However, 100% of the proceeds will go to animal shelters via The Giving block. Wright-Way Rescue would receive the first donation. They will eliminate the 2.5% fee from OpenSea after six weeks.
Bored Kennel Statistics
This project has the incredible distinction of offering owners at least 1 Ethereum for free. The current floor is close to 1.5 ETH each. This project is currently in the top 10 of the OpenSea table for the first week, with more than 1,000 ETH movements. Currently, 88% of the BAKC dogs have been claimed.
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