MAYC NFT is the successor of Bored Ape Yacht Club NFT and the sales volume clearly shows its popularity. The following article provides an overview of the MAYC NFT collection, as well as its history and technological background. You can also learn about the different aspects that affect the value of Mutant Ape NFT. Additionally, you might want to consider the details of the likely future trajectory of the Mutant Apes project.
What is Mutant Ape Yacht Club?
The Mutant Ape NFT Collection sold out completely within hours of its release in August 2021. The Mutant Ape Yacht Club Collection (MAYC) was built with long term goals in mind by Yuga Labs, the company behind the famous Bored Ape Yacht Club or BAYC NFTs. The creators intended to build a media empire purely on NFT, with BAYC NFT as the first product delivered. In addition, Mutant Ape NFT has been an important milestone for the Bored Apes ecology, with the explicit goal of drawing more people into the BAYC community.
MAYC and BAYC are NFTs built on top of Ethereum. The primary topic of this collection is really distinctive, it deals with monkey characters, but now that this monkey has mutated, the animation will have much more sad features than BAYC. No Mutant Ape NFT is the same, with distinctive features such as different colored accessories, caps and feathers.
Mutant Apes has also shown promising success, surpassing $1 billion in sales in less than a year. Since its initial release, the Mutant Ape Yacht Club NFT Collection has become one of the pioneering PFP NFT projects. The Bored Ape environment only had BAYC NFT and the Bored Ape Kennel Club prior to the MAYC collection. Yuga Labs launched these projects in quick succession, with BAYC NFT in April 2021 and Bored Ape Kennel Club in June 2021. Yuga Labs offered the Mutant Ape collection using the new method as the NFT market expanded.
MAYC was launched in August 2021 and is considered an essential extension of BAYC; it has been developed to attract more people to the BAYC environment. To improve BAYC’s image and attract more people, the developer Yuga Labs had to come up with all sorts of new and creative solutions, and the MAYC result was created through the unique serum process.
Each MAYC is made by combining an original BAYC with a procedure described by Yuga Labs as “Using Mutant Serum to Mutation BAYC.” In other words, three serums will be available that will allow BAYC holders to “convert” their current Bored Apes into the new Mutant Apes.
NFT’s Mutant Ape Yacht Club collection is linked to the original NFT Ape. The collection has a total of 20,000 NFTs, of which 10,000 are reserved for BAYC holders. An additional 10,000 NFTs were available for purchase through the Dutch auction process. Mutant Apes are developed by injecting a vial of ‘Mutant Serum’ into an existing Bored Ape NFT.
Bored Ape NFT holders can freely mix their NFT with Serum NFT via smart contract integration. Even after redeeming the NFT Mutant Ape and destroying the Serum Token, the linkage mechanism remains operational. In addition, the pairing produces a unique mutant-inspired NFT with characteristics similar to the original NFT Bored Ape. The concatenation has no effect on the initial BAYC NFT and you now have two different NFTs.
The uniqueness of Mutant Ape Yacht Club is defined by numerous features of Mutant Ape that set them apart. Unusual properties can make an NFT more valued. For example, the M2 stuntjack trait is only present in 0.4% of Mutant Apes species. As a result, Mutant Apes with M2 stuntjack are more likely to sell for a higher price than other NFTs in the collection.
Below the details of Mutant Apes you will find information about the different characteristics and the rarity of the MAYC NFT as a percentage. In OpenSea, the Properties tab for related NFT mutants or Bored Ape can help you understand the rarity of NFT Ape Bored.
Distinctive features
The Mutant Ape Yacht Club collection is split into three different mutants by giving BAYCs a serum to drink:
The identifying features of NFT MAYC are:
- Background: M1 Yellow, M1 Purple, M1 Orange, .. There are 16 different background colors for M1 and M2.
- Clothes: M2 Black T, M1 Hip Hop, M1 Blue Dress,… There are 86 different clothes for M1 and M2, redesigned from the original BAYC.
- Earring: M1 Silver Hop, M1 Gold Hoop, M1 Gold Stud,… There are a total of 12 different types of earrings.
- Eyes: M1 3D, M2 Bloodshoot, M1 Heart,… There are 46 different eye colors with different expressions.
- Fur: M1 Dark Brown, M1 Brown, M1 Black,… MAYC has a total of 36 different coat colours.
- Hat: M1 Fez, M1 Halo, M2 Cowboy Hat,… there are 72 different hats used by MAYCs.
- Mouth: M1 Bored, M2 Grin, M1 Bore Pipe,… there are 68 different mouth styles.
- Name: These are MAYCs with special names and only one NFT per name.
MAYC NFT key statistic
- NFT Name: Mutant Ape Yacht Club
- Ticker: MAYC
- Blockchain: Etherium
- Token standard: ERC-721
- NFT contract: 0x60E4d786628Fea6478F785A6d7e704777c86a7c6
- Circulating Delivery: 19,478 MAY
Highlights
MAYC has 3 highlights:
- MAYC is a mutated version of BAYC after oral serum administration.
- Like BAYC, MAYC is currently one of the NFTs with good liquidity and reputation in the market, alongside Pudgy Penguins, CryptoPunks, Azuki, etc.
- MAYC NFT is one of the few NFT collections in the market that shares the same token with BAYC as (Apecoin) APE because it is in the monkey ecosystem.
utility
Owners who own MAYC benefit from the following:
- Since MAYC NFTs are profile picture NFTs, using them as a profile picture is the primary use of the MAYC collection.
- It is your passport to Bored Ape Yacht Club special offers and benefits. Special events, products and ownership of actual assets are examples of these benefits.
- MAYC can be bought, traded, loaned or mortgaged as an investment asset in numerous markets.
Development Forecasts
Everyone’s attention should now be drawn to the Munting procedure of the Mutant Ape Yacht Club. How is Mutant Ape NFT made and how do you get one? It is critical to understand Mutant Ape NFT’s mission and operations. These elements can help you learn more about the project before selecting an NFT from the collection.
MAYC NFT was inspired by the success of BAYC NFT. Mutant Ape NFT was proposed by Yuga Labs as the second degree of membership in the Bored Ape ecosystem. Mutant Apes is a handy tool for rewarding owners of bored monkeys with a fresh new NFT.
The mutated variant of the original Bored Ape becomes the new NFT. The MAYC NFT collection, on the other hand, aims to allow newcomers to the BAYC ecosystem. Since its inception, the price of Bored Apes has increased by a significant margin, motivating community members to sell their NFTs to achieve financial goals.
As a result, several members of the community were forced to leave the club by selling the NFT Bored Ape. At the same time, several members of the NFT community expressed regret for not joining the Bored Ape ecosystem ahead of the steep price spike. The Mutant Ape Yacht Club NFT Collection allows you to join the BAYC ecosystem at the most basic level. Currently, the goal of the project is to increase utility while providing rewards for people with Bored Apes.
NFT allocation and sales schedule
Yuga Labs first wanted to donate 20,000 Mutant Ape Yacht Club (MAYC) to the community in a unique way.
- They dropped three Mutant serums to BAYC carriers and instructed them to consume the serum to make MAYC.
- The remaining 10,000 MAYC were then auctioned off by Yuga Labs in a brisk auction.
- The MAYC auction was quite active, with the final value of each MAYC reaching around 2.79 ETH. Based on this, we can predict that Yuga Labs will earn approximately 27,900 ETH (equivalent to $84 million in August 2021) if all 10,000 MAYC are sold at auction.
This shows the enormous possibilities of owning and managing digital assets. Investors and companies should approach this market with caution and a solid investment strategy.
But for those just starting out, it’s critical to have a good understanding of the market and auctions. Likewise, investing in digital assets can be quite rewarding, but it can also be extremely dangerous. Therefore, before investing in this market, investors should conduct extensive research.
Road map
The MAYC Roadmap is divided into several phases:
- 4/26/2022: Snapshot of all BAYC owners.
- Launch pad.
- 3/5/2022: Airdrop 10K NFT serum to BAYC holders.
- 8/5/2022: Open to sell the remaining 10,000 NFT MAYC.
- 8/6/2022: 10K NFT MAYC sold out.
- 9/6/2022: Allows BAYC holders to use the serum.
- 3/7-8/7/2022: Auction of 7 NFT Mega Mutants.
- 12/23/2022: Snapshot of the owner of BAYC and MAYC.
- 28/1/2023: Airdrop Kennels for all BAYC and MAYC keepers.
Team
Yuga Labs created the Mutant Ape Yacht Club collection after releasing one of the most popular NFT collectibles on the market, Bored Ape Yacht Club, with peak prices often reaching hundreds of ETH.
Investors and partners
Investors
MAYC NFT never raised money itself. Instead, Yuga Labs, the parent company, received two rounds of investment. Yuga Labs now has a minimum of $450 million in funding, with a fixed value of up to $4 billion, as of March 22, 2022. Animoca Brands and LionTree were among the investors participating in the transaction, which was led by a16z.
Partners
Mutant Ape Yacht Club (MAYC) has partnered with the Farmhouse brand to connect the NFT and Farmhouse communities. This partnership allows fans of digital art assets such as NFT to participate in the Web3 world outside of their own group.
Conclusion
Mutant Apes is a variation of the famous NFT Bored Ape Yacht Clubs that adds unique Mutant Mutant Serums to the normal NFT Ape Bored. Mutant Ape NFT is a valuable resource that allows anyone to join the Bored Ape ecology with few boundaries.
But the original batch of MAYC mints sold out long ago and only one can be bought on the secondary market. At the same time, the value benefits of Mutant Ape NFT cannot be overlooked.
The value that Mutant Ape Yacht Club gives to owners cannot be monetized as owning these NFTs exposes them to the celebrity class, sharks have a lot of money in the market and the market then can have a lot of knowledge that people regularly not have.
DISCLAIMER: The information on this website is intended as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
