Bored Ape Solana Club Explored
Presently selling at 9.49 SOL, the Bored Ape Solana Club (BASC) NFT is the first platform to implement the Proof of History protocol. In this article we take a look at the club's origins, how it works, and how it is doing now.
What exactly is BASC?
BASC is a community-run Solana NFT project with 6,000 hand-drawn bored apes that do not correspond to any Ethereum BAYC NFTs.
How it all started
BASC first launched a stealth mint on 4 January, 2022. On 13 January, 30 minutes after completing 100% of the mint, the collection went live on Magic Eden.
Bored apes were selling for 50+ SOL 48 hours after the launch, while the floor price had risen to about 10 SOL.
Contrary to what anti-BASC trolls predicted, it retained a 20 SOL floor price after only three days of being posted live on Magic Eden and was trending as the top NFT collection on bored apes 48 hours after the debut, while the floor price had climbed to roughly 10 SOL.
Since then, these Solana NFT collectibles have already achieved significant milestones, including crossing the $10 million market cap threshold.
BASC also uses a novel Proof of History algorithm to process up to 10,000 transactions per second.
BASC NFT is listed on MagicEden, OpenSea, Solanart, and WeYu. However, to own these collectibles, which grants you many benefits, you must have a Phantom Wallet installed and linked with Solana. You can now head to claim artwork (PFP) and follow other instructions.
Similarly, you can exchange another NFT for a bored ape in only four easy steps.
Following your confirmation that you are trading for a valid BASC NFT, which will contain a check for the collection, you must link your Solana wallet, put in an offer, agree to the terms of the trade, and then wait for the buyer(s) to respond before concluding the transaction.
Author: Ejiofor Francis
Ejiofor Francis is tech-savvy. He’s a tech writer and researcher with over six years of experience. His current focus is on blockchain, tech and agriculture. Francis loves helping both startups and mid-sized companies to develop great content and marketing strategy that sets them on the right track.