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Sunday, July 03, 2022

Identities of Bored Ape Yacht Club founders revealed: All you need to know

Nicole Muniz, the CEO of Yuga Labs confirmed that Solano and Aronow were indeed the co-founders of the BAYC NFT platform.

By: Tech Desk | Pune |
Updated: February 7, 2022 3:53:12 pm
Bored Ape Yacht Club to Launch Its Own Ethereum-Based Token in 2022. (Photo Credit: BAYC)

Greg Solano (32) and Wylie Aronow (35) have been identified as the legit founders of popular non-fungible token (NFT) ape avatar collection platform Bored Ape Yacht Club (BAYC). BAYC is a popular collection of 10,000 unique bored apes created by Yuga Labs. It has generated more than $1 billion in total sales amid celebrities flocking into the NFT bandwagon.

The identities were revealed in a detailed report by BuzzFeed, which added that the founders were active on social media by the pseudonyms “Gordon Goner” alias Greg Solano and “Gargamel” alias Wylie Aronow. Yuga Labs, the company name behind BAYC, operates from Delaware. This address has been found to be associated with co-founder Greg Solano.

Nicole Munie, the CEO of Yuga Labs, also confirmed that Solano and Aronow were indeed the co-founders of the BAYC NFT project. In a tweet, both Solano and Aronow confirmed that their identities have been ‘doxxed’ and posted their original pictures next to their own Bored Ape avatars. Doxxing means publishing private information about someone.

The minimum price of a BAYC NFT starts at 52 Ethereum or approximately $210,000. BAYC NFT is owned by famous celebrities, such as basketball icon Steph Curry, music artist Post Malone, and even American TV host Jimmy Fallon. More recently, rap artist Eminem is the latest to jump into the NFT craze with his first BAYC purchase that cost 123.45 Ether worth $452,000 (Rs 3.36 crore approx.).

In December, someone mistakenly sold a BAYC NFT worth Rs 2.27 crore for Rs 2.27 lakh. According to a report by CNET, the NFT sold for $3,000 was supposed to be listed for 75 Ethereum (ETH) about $300,000. However, the owner of the NFT, who goes by the username maxnaut, ended up with a typo error and entered a listing price of 0.75 ETH rather than 75 ETH.

The owners of the famous NFT collection BAYC announced in October last year that the company will be launching its own Ethereum based crypto-token in early 2022.

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