In our latest Learn 101 livestream, experts reviewed 2024’s key events, lessons learned, and insights to help you prepare for 2025’s crypto landscape.

The past year in the crypto market has been an exciting one, with striking movement and major events. Anticipation for the 2025 crypto market is high — but will it soar to the moon or explode? Here, we take a look at what 2025 holds.

, we take a step back to look at Bybit’s achievements in 2024 and the crypto market as a whole, and analyze some of the key takeaways to be applied in 2025.

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Dec 24, 2024, were two distinguished guests from Bybit: Joan Han, Head of Marketing and Card, and Maxim Orlov, VIP Team Lead. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the theme of 2025,

Crypto’s Wild Ride: Biggest Trends and Lessons from 2024

In 2024, Bybit experienced a significant surge in new users, a trend that Joan Han attributes to several key developments. The most notable was the impact of Donald Trump’s U.S. presidential election win, which drove interest in crypto as prices reacted positively. Additionally, the institutionalization of cryptocurrency and the 

 played pivotal roles in attracting new traders and investors to the market. These factors combined to fuel price growth and activity, with monthly active crypto wallets increasing by an impressive 247% between January and December 2024.

Maxim Orlov emphasizes the transformative impact of ETFs on the crypto landscape. By normalizing crypto as a legitimate investment vehicle, ETFs are encouraging adoption among users who had previously stayed out of the market. This shift has been particularly evident in Bitcoin’s net inflows, which have outpaced those of other cryptocurrencies.

Han highlights how retail investors, already familiar with traditional ETFs, are being drawn to crypto ETFs. Packaging crypto assets in a familiar structure has inspired a wave of new interest, bringing the total value of crypto assets to over $44 billion to date. She also points out that increasing legislation and a growing comfort with the crypto market have further driven its adoption. Looking ahead, Han expects even greater growth in 2025 with the implementation of further regulations.

Maxim Orlov agrees, noting that recent regulatory developments have been a game-changer for the industry. He believes these measures are paving the way for widespread adoption, providing the foundation for sustained growth.

Bitcoin in particular has benefited from this evolving landscape. Han explains that confidence in Bitcoin has surged largely due to the influence of ETFs. While the market for altcoins has also grown, their progress has been comparatively slower. She predicts that Bitcoin will continue to dominate in the near term, but acknowledges the potential for an active altcoin season, which typically follows a Bitcoin rally. Among the fastest-growing altcoins are Hedera (HBAR), Bitget Token (BGB), XRP and Stellar (XLM). However, Han stresses that altcoins require fresh marketing strategies to sustain their growth.

Orlov echoes the importance of marketing, particularly for 

. He notes that growth in this sector depends upon how well projects can capture user interest. While meme coins remain a prominent trend, he suggests that the next big wave could emerge in 

Han also touches on the geopolitical dimension of crypto adoption. Trump’s suggestion of creating a strategic Bitcoin reserve has sparked interest from other nations, potentially driving further price growth. While Bitcoin has been sluggish during the holiday season, Han expects a renewed rally once the season concludes.

Biggest Wins, Boldest Moves: Bybit’s 2024 Highlights

Bybit has solidified its position as a global crypto leader, achieving remarkable milestones in 2024. With over 60 million users worldwide, the platform now boasts an average daily trading volume exceeding $100 billion. Bybit ranks as the second-largest crypto exchange by global trading volume, further cementing its status as a key player in the industry. Notably, Bybit made headlines by launching 

 has also seen tremendous growth, and is now available in Argentina, Brazil, the Netherlands, Europe and Australia, with over 1 million users enjoying its benefits. This expansion highlights Bybit's commitment to enhancing user experience and accessibility.

Orlov highlights crypto’s mainstream acceptance, noting that it’s no longer a niche interest. “Everywhere I go, people are aware of crypto, or at least of Bitcoin,” he says. Bybit’s success lies in its continual efforts to improve its products and platforms, building on the trust it’s cultivated among its users. Han emphasizes that this assurance stems from Bybit’s user-focused approach, including 

Bybit has also expanded its trading options to meet user demand. Investors now have access to 

, thanks to the introduction of multi-asset trading. According to Orlov, this feature was launched in response to users’ direct requests, demonstrating Bybit’s adaptability to investor needs. Han points out that the Bybit Card enhances user experience with attractive rewards, including higher returns and cashback.

As a standout offering, bbSOL represents a significant milestone. The first exchange-backed LST, it delivers competitive APY with rewards that can be redeemed anytime. This makes liquid staking on Solana not only accessible, but also highly rewarding for Bybit users.

Retail investors must consistently dedicate time to identifying emerging trends in the ever-evolving crypto market. Fortunately, a wealth of information is readily available for users to explore. Orlov emphasizes the importance of diversification as a key strategy to safeguard assets. He also highlights a growing trend in adoption, driven by user-friendly products and the appeal of crypto assets that are simple for new investors to understand.

Looking ahead to 2025, Orlov advises closely monitoring both the crypto market and individual assets if an altcoin season arises. Bybit offers a wide variety of altcoins, each carefully vetted by the platform’s team. This rigorous research ensures that the altcoins listed on Bybit may present suitable investment opportunities for users seeking diversification.

Both Orlov and Han are optimistic about the year ahead for crypto and Bybit. Han predicts a surge in the number of new users entering the market, drawn by increasing accessibility and innovative products. Meanwhile, Orlov envisions an ongoing crypto revolution as the market continues to grow and mature.

This session of the Learn 101 livestream has provided valuable insights into what lies ahead for 2025 — whether it’s to be "Moon or Mayhem." As the crypto landscape evolves, staying informed is your best strategy for navigating the market. 

Intermediate

Bybit Learn Livestream 2025: Moon or Mayhem?

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Learn Live ICYMI: 2024 Crypto Market Recap & 2025 Predictions

The inaugural Solana AI hackathon, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto.

Daily Top Performer — Secret Network (SCRT)

On Friday, the S&P fell sharply as all major industry groups faced losses, driven by rising Treasury yields and the Fed's indication of fewer interest rate cuts in 2025. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.04%, with Bitcoin dropping by 0.10% and Ether rising by 1.73%, in the past 24 hours.

Today's top performer is SCRT, which surged 2.25% following the launch of Claive AI by Secret Network, offering secure, decentralized AI services.

Secret Network (SCRT), launched in February 2020, is a privacy-focused blockchain using encrypted smart contracts to safeguard user data. 

, a decentralized platform for secure AI services using blockchain and confidential computing. It ensures data privacy through trusted execution environments (TEEs) and Nvidia GPUs. Developers can integrate AI services via an open-source SDK, while workers stake SCRT tokens to participate. Initially focused on large language model inference, Claive AI aims to address privacy concerns and empower users and developers.

Check Out the Latest Prices, Charts, and Data of 

, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto. With AI agents gaining traction, some projects, like FXN, already have tokens with market caps reaching millions. The hackathon's entrants are focused on developing intelligent interfaces for the Solana ecosystem, with a strong emphasis on AI agents for on-chain trading and DeFi. The winning projects will be announced on January 10, 2025. The success of these AI agents highlights their growing importance in crypto and DeFi innovation.

Between December 23-27, 2024, the Bitcoin Spot ETF experienced a net outflow of $377.6M, with $58.9M from GBTC and $318.7M from Non-GBTC funds. The current cumulative totals are -$21.352B for GBTC, $57.008B for Non-GBTC, and a net of $35.656B.

 is a tokenized real-world asset (RWA) project that raised $13.75M in funding. It is offering a free airdrop through its Telegram bot, where users can earn GM Points daily by completing simple tasks like tapping, following on social media, and more. Users need to connect their Ton wallet to participate.

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Solana AI Hackathon Sparks Innovation in Crypto with 400+ Projects and Million-Dollar Tokens

BIO protocol aims to create a robust on-chain economy of BioDAOs — decentralized communities that fund and develop scientific innovations.

Traditional approaches to scientific research and biotechnology funding are often plagued by inefficiencies, centralization and lack of transparency. Enter 

, a groundbreaking initiative designed to revolutionize the way science is conducted, funded and owned. Operating as a curation and liquidity protocol within the 

(DeSci) sector, BIO empowers global communities of patients, scientists and biotech professionals to collectively fund and own tokenized biotech projects and intellectual property (IP).

BIO builds upon the successes of initiatives such as 

, a platform for tokenizing early-stage biomedicine, and 

, the largest decentralized community dedicated to longevity science. By introducing a new financial layer for science, the BIO protocol aims to create a robust on-chain economy of BioDAOs — decentralized communities that fund and develop scientific innovations. Through decentralized funding, incentives and liquidity, BIO bridges the gap between capital on the one hand and groundbreaking scientific research on the other.

This article delves into the DeSci sector, introduces BIO, explores its founding team and explains the role of BioDAOs in transforming the biotech space. We’ll also examine how BIO works, the utility and tokenomics of the BIO token and the protocol’s ambitious road map for the future.

DeSci represents a transformative approach to scientific research, leveraging the power of 

 to create a more transparent, community-driven and incentivized ecosystem for innovation and collaboration. By integrating decentralized mechanisms like tokens, 

 (DAOs), DeSci seeks to democratize scientific discovery, making it more accessible and efficient.

One of DeSci's core missions is to tackle the "valley of death" — the critical gap between early-stage research and its successful application in real-world innovations. Traditional science often struggles with inefficient funding, opaque peer-review processes, limited data sharing and restrictive publishing norms. DeSci addresses these challenges by promoting open collaboration, equitable funding models and transparent knowledge dissemination.

On decentralized platforms, researchers can publish their work directly, bypassing traditional gatekeepers and enabling broader access to scientific knowledge. Incentive structures, such as token rewards and reputation systems, encourage reproducibility and collaboration, ensuring more reliable and impactful scientific outcomes. Additionally, DeSci leverages blockchain’s immutability to maintain the integrity of scientific records, fostering trust in research outputs.

The future of DeSci holds immense potential, and it's still in its infancy. By aligning economic incentives with scientific progress, DeSci could reshape the way research is conducted, creating systems that prioritize innovation over profit. While challenges remain, particularly in gaining acceptance from traditional academia and industry giants, DeSci offers a compelling vision for decentralized, equitable and transparent scientific progress.

 is a groundbreaking financial framework designed to improve the way DeSci operates. By providing a seamless flow of capital and talent into on-chain scientific ecosystems, it serves as the foundation for building, funding and commercializing scientific innovation through BioDAOs.

At its core, BIO catalyzes the development of an on-chain economy for scientific research. It creates efficient markets for intellectual property generated by BioDAOs while ensuring perpetual funding and liquidity for their operations. The protocol also standardizes all frameworks, tokenomics and data systems, making it easier for scientific communities to scale their initiatives.

BIO is led by a team of innovators. Its founder and CEO, 

, brings expertise from co-founding Molecule, a platform pioneering the tokenization of biomedical research. His vision centers on transforming traditional funding models to accelerate scientific breakthroughs.

, co-founder and CPO, drives the “product,” leveraging his extensive biotech experience. The team also includes 

 heading the R&D team, and Jose Pinto overseeing legal and compliance strategies. Leonard Boltz, a core contributor, plays a pivotal role in product design.

The rest of the team can be found on the 

 for both community and shareholders to vote on proposals intended to improve the protocol. Together, they’re building an ecosystem with the goal of empowering the entire scientific community in a decentralized way, fostering perpetual funding for scientific research and creating efficient markets for intellectual property. 

BioDAOs, or biological decentralized autonomous organizations, are 

 focused on scientific and medical research. They unite diverse stakeholders — patients, scientists and biotech innovators — around a shared mission to accelerate R&D and create new IP. By pooling resources such as capital, data and expertise, BioDAOs streamline innovation, reduce costs and shorten the time to commercialization.

Operating with on-chain frameworks such as Molecule, BioDAOs raise funds through token sales, and manage treasuries to back biotech projects. The generated IP is shared among members, ensuring collective ownership and incentives. Revenue from IP and/or product sales is reinvested into new R&D, creating a perpetual cycle of innovation.

By combining open access, shared IP ownership and capital efficiency, BioDAOs are reshaping the funding and development of science, making groundbreaking research more accessible and impactful.

The BIO protocol uses a decentralized network, combining community-driven curation, funding and liquidity with incentives and governance mechanisms. 

 supports selected BioDAOs with funding, token liquidity and community-driven accelerator services. Staking BIO tokens on BioDAO applicants offers rewards, as well as early access to funding rounds and IP asset investments, fostering a thriving ecosystem of innovative science. 

The BIO token powers the governance and growth of the BIO protocol’s ecosystem, enabling holders to actively shape the protocol’s trajectory.

The BIO treasury grows through the following mechanisms:

: Uncapped, subject to governance votes for future minting.

: BIO inflation supports secondary market liquidity, and scales in accordance with network growth. Inflation specifics are determined via governance. This balanced structure aligns incentives across contributors, investors and the larger community, ensuring long-term growth.

BIO has allocated 3% of its total token supply to over 8,500 eligible addresses. The airdrop snapshot for eligibility was taken on Apr 1, 2024.

: Included participants in BioDAO auctions, holders of iBoDAO tokens, liquidity providers, Gitcoin donors and active contributors to BioDAO communities.

: Eligible users claim vested BIO (vBIO), redeemable for $BIO. Tokens remain non-transferable until governance votes to unlock them.

: Total airdrop amounted to 99.4 million BIO, fully vested upon claim.

Additionally, 1% of the total supply was airdropped to early contributors of the BIO ecosystem, with a 1-year cliff and a 6-year vesting schedule.

BIO is bridging the gap between capital, innovation and community ownership. By empowering the DeSci sector, the BIO protocol creates efficient markets for scientific IP and fosters perpetual funding for BioDAOs. BIO is well-positioned to reshape the future of biotech research.

The BIO protocol's road map showcases its ambitious vision for revolutionizing DeSci:

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BIO Protocol: Revolutionizing Decentralized Science

Fluid is a decentralized financial protocol that focuses on lending and liquidity. Learn more about how this works in this article.

 provides all sorts of exciting opportunities for users. By getting rid of middlemen and institutional policies, DeFi creates a more accessible, flexible space for people to explore the world of finance. Fluid is a new DeFi protocol that hopes to provide these perks and more to its customers. Can Fluid's user friendly interface and highly capital efficient crypto trading system distinguish it from all the other startups in the 

 space? Keep reading for a deep dive into Fluid's design and its FLUID cryptocurrency’s potential. 

 is a decentralized financial protocol that focuses on lending and liquidity. This system also includes a 

 mechanisms and other exciting features. Fluid prides itself on being one of the most flexible, secure and advanced DeFi lending protocols around.

 in 2019. Originally studying to be accountants, the brothers dropped out of college, winning the ETHIndia hackathon. They specialize in creating "middleware" that connects users with the exciting features of 

, the Jain brothers were able to expand their ecosystem until it became the fourth-largest DeFi system by 

. A somewhat new addition to the Instadapp ecosystem, Fluid was released in late 2023. It was inspired by the Jains’ experience building on other systems, such as 

, and is meant to be their own custom version of these DeFi protocols.

Fluid hopes to combine the best of multiple DeFi protocols into a single system. It ambitiously aspires to become the most advanced, secure, flexible and capital efficient option in the 

 space. When designing the system, Fluid's creators focused on optimizing 

 (AMM) liquidity, reducing gas trading fees and providing accurate risk assessment. They hope that combining so many excellent features into one system will help them maintain their competitive edge in the DeFi space. 

While Fluid does provide a lot of cutting-edge features, it also aims to maintain the accessibility for which the Instadapp ecosystem is known. Fluid’s system aims to provide a user-friendly interface that traders can grasp in a few clicks. Like Instadapp's other products, Fluid prioritizes user satisfaction and intends to offer services that multiple DeFi traders have asked for.

The Fluid protocol runs on a complex blend of 

 and software. It uses traditional coding methods to handle many of its user interfaces, while tools from 

 and other blockchains help to manage the back-end functions. Key mechanics that Fluid uses to keep its system working smoothly include the following.

Fluid contains a broad range of different services for users to try. Following are the main features available through the Fluid website and app. 

 found in other DeFi systems. They consist of pairs of tokens, such as ETH and USDT. Each vault offers both a supply rate and a borrow rate, so users can join a vault to either lend or borrow money. Each vault uses enhanced capital efficiency and innovative liquidation mechanisms to streamline token transfer without impacting market prices. 

With Fluid, users can temporarily lend their tokens to others. The system supports a variety of tokens, and allows yields of up to 1.5 times your initial investment. Fluid's lending system is set up to ensure that lenders continue to earn staking rewards, delegation power and voting power associated with their tokens, even while they're locked in a lending contract. Traders start by connecting their wallets, and can begin lending almost instantly.

Fluid's borrowing protocol requires users to place a small amount of tokens as smart collateral in exchange for temporarily borrowing funds. Its fairly high collateral ratio lets people borrow up to 95% against their initial collateral. Additionally, it boasts low liquidation penalties of just 0.1%, so users don't have to worry about losing all of their smart collateral the moment that market trends shift.

Since its deployment in late 2023, Fluid has grown to become the third-largest DEX on Ethereum by volume. So far, advancement for Fluid has focused on expanding its pools to provide more lending and crypto trading options for users, and upgrading its vaults to support more assets. However, Fluid has big plans for the future. 

Like other protocols on Instadapp, Fluid is an entirely community-run project. 

 show that most members of Instadapp's governing body are thinking about long-term growth for Fluid. Users hope to rebrand Fluid as a standalone project, with its own definitive token. They also hope to add further protocols to support market orders, such as 

, interest rate swaps and forex trading. 

FLUID is the native token of the entire Instadapp system. Initially called INST, this token was 

 in order to highlight its pivotal role in running the Fluid DeFi protocol. As a utility and 

, FLUID is responsible for everything from managing governance body votes to paying fees. Just as with INST, FLUID has a total token supply of 100 million. However, the rebranding of INST did involve slightly adjusting its distribution schedule. The new distribution for the FLUID token will be as follows:

Since its release in 2021, prices for the FLUID token have primarily ranged from $0.05–$2. However, the announcement of the token rebrand propelled its value to $9 in early December 2024, and people expect its price will continue to rise as news about Fluid’s DEX is released.CoinCodex 

 that FLUID’s price will more than double to reach $22 within a month. However, once the initial excitement begins to fade, its price may drop slightly. CoinCodex suggests that the FLUID token’s price will return to a more stable price of around $13 by the summer of 2025. 

Looking to trade the FLUID token? Bybit now offers the FLUID/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 70,000 FLUID prize pool.

FLUID is certainly an intriguing option that combines the reliability of a long-term token with the excitement of a new launch. While its price might not stay high forever, it’s unlikely to drop drastically any time soon. This means there’s a strong potential for making money from FLUID. 

For most investors, the challenge of working with FLUID will be to time their purchases. Though you may lose money if you purchase at the peak of the Fluid DEX hype, buying at any other time could result in either short- or long-term profit. If you want to avoid the dangers of market volatility, you need to 

 and remember to keep your portfolio diverse. 

Fluid’s DeFi protocol provides valuable services to investors looking for an easy way to borrow, lend and/or trade crypto. While Fluid's parent company, Instadapp, has been around for a while, the Fluid project is just getting started. In the few months since its launch, Fluid has rapidly increased its services and attracted users from around the Web. As its system continues to evolve, users can expect more exciting news ahead.

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Fluid (FLUID): Utilizing Debt and Collateral as Liquidity

DeFi

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The Bored Ape Yacht Club NFT collection is fast becoming a household name, with its unique, almost instantly recognizable design attracting many fans. Here's the run-down. The Bored Ape Yacht Club NFT collection is fast becoming a household name, with its unique, almost instantly recognizable design attracting many fans. Here's the run-down.

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Bored Ape Kennel Club

Mutant Ape

Otherdeed

. When it comes to crypto-collectables like these, not all collections are created equal. In particular, the Bored Ape Yacht Club NFT collection is fast becoming a household name — not just for those in the know, but in mainstream media as well. With its rising popularity, it looks to dethrone 

The collection’s unique, almost instantly recognizable design has attracted large numbers of fans. Among them are celebrities and influencers such as rapper Eminem, television host Jimmy Fallon and billionaire entrepreneur Mark Cuban. This has only increased the hype, leading to soaring prices. In the last year, professional traders have been 

 and reselling them, making up to tenfold profits.

In this guide, you’ll learn what the Bored Ape Yacht Club collection is, why it’s so popular, and how it’s garnered such a strong fan base.

What Is the Bored Ape Yacht Club NFT Collection?

Bored Ape Yacht Club NFT (Image source: 

The Bored Ape Yacht Club is a digital art collection of 10,000 different 

. Each image depicts a cartoon ape in profile, decked out in various colors and traits, with unique facial expressions. The collection was launched in April 2021, with many celebrity owners taking a keen interest and purchasing them. Since its launch, the collection has risen in value by several thousand percent. They’re commonly used as 

 on social media profiles. Aside from that, these NFTs also serve as entry passes to an elite social club.

The hype behind this NFT collection is helping it skyrocket in price. FOMO could lead to further price increases, especially if more celebrities make investments.

The NFT space had its first breakthrough in 2017 with the launch of 

 launched. However, their popularity quickly waned when the crypto market crashed. A couple of years later, when investors came flocking back to the crypto space, the foundation for NFTs was already established. The entire space 

Likewise, the CryptoPunks collection experienced a resurgence, with its most expensive NFT 

. Currently, the popularity of NFTs is being fueled by the 

, in which NFTs will play an important role, serving as certificates of ownership of goods, other items and 

It’s no surprise that a new and tremendously popular collection has emerged. In April 2021, the Bored Ape NFT collection seized its moment. Its 10,000 images quickly sold out for 0.08 ETH per NFT. At the time, that translated to around $190. As of June 2022, the cheapest one will set you back 89.9 ETH, which amounts to approximately $107,000 at the time of writing.

The Bored Ape Yacht Club collection, otherwise known as BAYC, is now one of the most popular NFT collections globally. It gained traction in July 2021, and its prices have kept pace with the growing interest. Let’s take a look at the project’s creators and its remarkable popularity.

is the company behind the Bored Ape Yacht Club. When BAYC was launched, the company had four core members, all working under pseudonyms: No Sass, Gargamel, Emperor Tomato Ketchup and Gordon Goner. The team now counts 11 members from diverse ethnicities and cultures, demonstrating how designers and entrepreneurs from distinct backgrounds can cooperate and serve as an inspiration to the world.

Every team member is extremely passionate about NFTs, each one having spent the majority of their life playing video games. They understand what NFTs mean for the future, and are 

 that will hopefully leave a lasting mark in the NFT space.

The team is taking advantage of their abundant gaming experience and is currently working on a 

The clearest reason for BAYC’s popularity is the current hype around the NFT space, which attracts millions of potential investors seeking profits. But there’s more to it, including the following factors:

Let’s look at each of these components in turn.

There are only 10,000 Bored Apes available. While that number might sound like a lot, it’s a small number for the whole world. A global population of almost 8 billion means that only 0.000125% can get their hands on a Bored Ape NFT. 

Aside from the relatively small collection, some pieces are rarer than others and are therefore significantly more valuable. In addition, there’s a subjective appeal to certain stylistic aspects, such as clothing, color and facial expression.

Another reason for Bored Ape Yacht Club’s undeniable traction is that dozens of celebrities have decided to invest in them. Additionally, some have flaunted their purchases on social media, drawing in masses of less illustrious fans.

Celebrities who have purchased Bored Apes include Eminem, Jimmy Fallon, Shaquille O’Neal, Gary Vaynerchuck, Post Malone, Mark Cuban and Stephen Curry. The list keeps growing, with the added exposure leading to even more celebrity investment and media coverage. Consequently, the general public has become aware of the Bored Ape Yacht Club NFT collection, in turn generating more hype.

The collection has also been featured in the music video of “

“. The latest hit album by Snoop Dogg and Eminem currently has over 13 million views on YouTube. This has generated a ton of hype as the usually static Bored Ape avatars owned by Snoop Dogg and Eminem were brought to life in animation, as the legendary rappers showed their support for the blue-chip NFT collection.

BAYC’s most notable collaborator is Adidas. The company has teamed up with Yuga Labs LLC to release its own Bored Ape Yacht Club-style NFTs. Those who purchase Adidas NFTs will receive merchandise — featuring NFT Bored Apes purchased by Adidas.

Adidas Originals’ Twitter avatar during their BAYC collaboration (Image Source: 

On top of that, owners of BAYC and Mutant Ape Yacht Club NFTs (which we’ll discuss below) have early access to some of the 20,000 Adidas NFTs. Their release was a hit, earning the company 

in profits within a single afternoon. One of the reasons for its smashing success was that the project involved brands such as Adidas® Originals, 

 and BAYC. Many NFT aficionados made use of this early access, purchasing plenty of works from the collection.

Another exciting project that’s attracting attention is a partnership with 

. The companies are working on a joint gaming project that looks to expand the usability of Bored Ape NFTs. Given the successes behind Animoca Brands and the passion that Yuga Labs has for gaming, the expectations are high.

Remember, there’s a finite number of Bored Apes in BAYC. If you want to belong, there’s a limited chance — and being in the same “club” as all the abovementioned celebrities can bring perceived benefits. There are already Bored Ape Yacht Club events for their NFT community.

The club’s gathering in NYC occurred at 

, which brought together numerous Ape owners. They even dressed like their Ape NFTs so that other members could easily recognize them.

If you think of BAYC as a social club which includes various celebrities, it’s clear where the NFT hype is coming from. Owning at least one of the Apes provides access to an event that might be attended by the likes of DJ Khaled or Jimmy Fallon, and FOMO leads to even more sales. Additionally, the 

 outlines future plans for the popular NFTs. Owners seem to have plenty to look forward to.

The creators of BAYC haven’t been idle. They’ve continued to create more content and perks for BAYC owners, which is an excellent approach to keeping the community engaged. Currently, the BAYC ecosystem consists of four related projects. The Bored Ape ecosystem governance token, 

, and three other NFT collections called Bored Ape Kennel Club, Mutant Apes, and Otherside.

token developed as the utility token of BAYC. The APE token was launched on March 17th, 2022 to power the entire BAYC ecosystem and serve as a governance token for the 

. This decentralized autonomous organization is governed by BAYC holders or APE token holders and is overseen by the 

which ensures that ideas of the DAO community are brought to fruition.

The APE token has gained a huge following after its 

 NFT project exploded in popularity. The total circulating supply of ApeCoin is capped at 1 billion, of which 150 million tokens were airdropped to Bored Ape, Mutant Ape and respective Kennel NFT holders.

The team at Yuga Labs have outlined their intentions of making APE the de facto currency for a vast ecosystem of projects building on the Otherside metaverse. Third-party projects like 

, a popular Animoca Brands mobile video game have announced an integration with ApeCoin, in which players can earn in-game tokens that can be exchanged for APE.

As more projects come to support the APE token, we could foresee a future where dozens of NFT projects are integrated with ApeCoin as a means to attract users from the BAYC and surrounding NFT ecosystems.

 is another NFT project exclusively for BAYC owners. The premise of the project is that every Bored Ape needs a companion — thus, the Kennel Club was born. Each BAYC owner was given the chance to adopt a “dog companion” to their Ape, free of charge (

 gas fees aside). That gave BAYC owners a chance at a completely new NFT from the launching collection to add to their own.

Bored Ape Kennel Club NFT (Image source: 

The dogs have never been available for sale, making them all the more exclusive. BAYC owners were given a one-week period to “rescue” their furry companions, after which unclaimed Kennel NFTs were removed from the collection.

The project generated even more hype because BAYC owners had to remain patient after minting their token to meet their pet — as the actual Kennel NFTs were only revealed at the end of the week. Like their Ape companions, each dog is unique, with its own design elements, colors and accessories.

These NFTs might receive roles in the upcoming game, which is in development, but for now, they’ve created additional FOMO for NFT collectors.

This is all another way of keeping the community engaged. The digital dogs were introduced as a gift to BAYC owners. Even though there was a copyright fee on each transaction, all the proceeds will be donated to charities. At the top of the list are no-kill animal shelters.

Aside from the opportunity to adopt virtual pets, in August 2021 owners of the BAYC NFTs received a “mutant serum”, which transformed their Bored Apes into Mutant Apes – essentially allowing Ape owners to mint a new, mutant version of their ape NFT.

The Mutant Ape BAYC collection is also highly valued, with their rarest serum sold for a whopping $5.8 million, driving even more value into the billion-dollar ecosystem. We’re likely to see additional events in with this collection as the developers have plans for the future.

Their most recent release comes in the form of a deed to the land of the Bored Ape 

 is a Massive Multiplayer Online Role-Playing Game (MMORPG) set in its own world, where the entire NFT community is invited to explore and interact within a new digital world.

As previously mentioned, the Otherside metaverse will utilize 

 as the main currency to buy in-game NFTs such as merchandise, and pay for services and events held in the metaverse world.

Otherdeed is the key to claiming land in Otherside. Each 

 has a unique blend of environment and sediment, some with resources and others with powerful artefacts. The first 100,000 Otherdeeds were available for sale on April 30, 2022. The other 100,000 Otherdeeds were awarded to Bored Ape and Mutant Ape holders, along with contributors of the Otherside metaverse.

 that they have acquired the IP to two of the most popular NFT collections on OpenSea, 

 and Meebits. The agreement with Larva Labs gave Yuga Labs control over both brands, art copyrights and IP rights, along with 423 CryptoPunks and 1711 Meebits.

While the team at Yuga Labs is working to bring additional utility to both collections, nothing has been confirmed as they have mentioned that they would be listening to the communities before deciding what comes next.

Setting the Stage for a New Generation of NFTs

BAYC is a great example of what people may expect from the NFT market in the coming years. More NFT communities and ecosystems will be evolving as greater numbers of collections appear, giving them further purpose and applications. It looks like the team behind BAYC has the right idea.

What Is the Bored Ape Yacht Club (BAYC) NFT Collection All About?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards