What is Mutant Ape Yacht Club? - About The Evolution of Bored Ape NFTs
The Mutant Ape Yacht Club is one of the most popular PFP NFTs that draw the attention of numerous NFT lovers. So what is Mutant Ape Yacht Club? This article will provide you with all information about the Mutant Ape Yacht Club Collection and interesting facts about the project.
What is Mutant Ape Yacht Club?
The Mutant Ape Yacht Club debuted on August 28, 2021, as a collection of 20,000 Mutant Ape-themed NFTs. MAYC was created as the second expansion to the Bored Apes ecosystem to onboard more collectors into the BAYC ecosystem. Since its introduction, the collection has grown in popularity and has established itself as a market leader in the PFP NFT segment.
Half of the 20,000 NFTs in the MAYC collection was created in this manner, with the other half sold through Dutch auction — where a sale begins at a certain amount and gradually decreases to the final sale amount. The auction began at 3 ETH (approximately $10,000 at the time) and was scheduled to end at 0.01 ETH after nine hours. The auction, however, did not last the full nine hours, lasting only about an hour and reaching a final price of about 2.79 ETH by the time all Mutant Apes were minted.
Mutant Ape Yacht Club (MAYC), an offshoot collection of the popular Bored Ape Yacht Club (BAYC), contains 20,000 unique Mutant Ape digital art images.
The other half of the collection was created by existing BAYC NFT holders who "exposed" their Bored Ape to a "vial" of airdropped "Mutant Serum."
Each Mutant Ape created from an existing Bored Ape has the same traits as the original, but with mutated variations.
Mutant Ape Yacht Club was one of the first NFT collections to offer a free and entirely new NFT to an existing community of holders.
How does Mutant Ape Yacht Club Work?
Learn more: https://www.nftciti.io/collections/154
An MAYC NFT can be obtained in two ways. You can either purchase a Mutant Ape or create your own by using the Mutant Serum on your Bored Ape. During the public sale, 10,000 Mutant Apes were distributed, while 10,000 mutant vials were randomly distributed to existing BAYC holders.
If you own a Bored Ape Yacht Club NFT, you can use a smart contract to apply M1, M2, and M3 serums to your Bored Ape to create up to three Mutant Ape NFTs! Don't worry, the mutation process does not destroy the original BAYC NFT, so you get to own both BAYC and MAYC NFTs.
How Are Mutant Apes Unique?
The details of the Mutant Ape NFT collection highlight numerous reasons to join the community. However, many people would have reservations about MAYC NFTs before investing their time or money in them. What characteristics distinguish Mutant Apes?
Community Advantages of the BAYC Ecosystem
The Mutant Ape NFTs provide you with direct access to the Bored Ape community, as well as the same benefits as members of the Bored Ape Yacht Club. Some of the important community benefits include tips and updates on new NFT drops, participation in an enthusiast community, and access to exclusive merchandise.
The Scarcity of Mutant Serums
The element of Mutant Ape Yacht Club rarity should also stand out for newcomers to the BAYC ecosystem. Mutant Serums are available in various variants, with the M3 Serums containing the rarest traits. The scarcity of Serums contributes significantly to the demand for MAYC NFTs.
Mutant Ape NFTs may appear to be just another NFT collectible project. However, you should also consider the commercial value of Mutant Apes. MAYC NFTs, for example, can be sold for a profit or leased to marketing agencies and magazines for passive income. At the same time, owning a Mutant Ape NFT is a visible symbol of social status.
Why should you buy Mutant Ape Yacht Club NFTs?
Association with the Bored Ape Yacht Club, an exclusive and strong community, exclusive perks, and the collection's rarity are all potential drivers of demand and price appreciation. MAYC may be a worthwhile addition to your NFT collection for a number of reasons
- A large and active private community
MAYC NFTs are sought after by individuals looking to join an exclusive social group because they have a large and active private community.
- A clear project roadmap
On their Roadmap 1.0, the team has been open about the milestones and dates. They have completed all deliverables and have already published a Roadmap 2.0 with key milestones.
- A strong and dependable team
MAYC was founded by the same team that founded BAYC. A strong and experienced team increases the chances of the project's success.
- Partnerships have the potential to accelerate adoption
BAYC and MAYC are already household names in the NFT space. New collaborations with Animoca Brands and others may spur further global adoption.
What exactly are Mutant Serums?
Existing Bored Ape community members were naturally the first to receive Mutant abilities, which were delivered via airdrop. Prior to the MAYC public Dutch auction, each BAYC holder received one Mutant Serum for every one-owned Bored Ape. Holders of these Serums were encouraged to mutate their NFTs and create new ones or to hold and sell the Serum for a profit.
Mutant Serums are a group of NFTs that act as a catalyst in the creation of a Mutant Ape. They are available through the Bored Ape Chemistry Club and come in three different varieties: M1, M2, and M3 (often called Mega Mutant Serum). Although Mutant Serums can be purchased and sold by anyone, only those who own a Bored Ape can use them to create Mutant Apes.
Each Mutant Serum type corresponds to the stage of mutation that can be achieved by using it. A base layer of mutated traits will be added to the Bored Ape using M1 Serums, of which there were originally 7,500. Users may notice an Ape's fur disintegrating and accessories coming to life. More pronounced mutations become available with M2, which is capped at 2,492, drastically changing the appearance of the Bored Ape.
However, whether M1 or M2 Serums are used, mutated traits retain a significant amount of the base Ape. If an Ape wears a party hat, the hat will simply change, rather than disappear entirely. The same is true for other characteristics such as expression, fur color, clothing, and other accessories. It almost sounds psychedelic.
Mega Mutant Serums, on the other hand, will completely alter the Bored Ape's basic characteristics once applied. When an Ape uses an M3 Serum, it transforms into, you guessed it, a Mega Mutant. Mega Mutants are extremely uncommon. With only eight M3 Serums ever produced, both the Serums and Mega Mutant NFTs are frequently valued in the millions of dollars.
Who is behind the Mutant Ape Yacht Club?
Mutant Ape Yacht Club's team has a track record of sticking to their NFT road map while also running a highly successful project — BAYC. This boosts people's trust in MAYC and, as a result, the value of these NFTs. Both MAYC and BAYC are created by Yuga Labs.
Yuga Labs has received investments from large corporations such as Google Ventures and Samsung, which adds value to the entire ecosystem. Of course, with Yuga Labs, BAYC's parent company. Yuga Labs' goal has always been to build a media empire entirely based on NFTs, and BAYC NFTs were the first step toward that goal, with MAYC following soon after.
It is hoped that you learn something new about the Mutant Ape Yacht Club and know “What is Mutant Ape Yacht Club”. You also can visit the links below to discover more.
FQAs - What is Mutant Ape Yacht Club
How to buy MAYC NFTs?
MAYC NFTs, like everything Yuga Labs releases, sold out in record time. Following the completion of the 10,000 Mutant Serum airdrop, the Dutch auction began, lasting only an hour. Nowadays, the only way to obtain a Mutant Ape is to buy one outright from one of the major NFT marketplaces such as OpenSea, LooksRare, NFTciti, Rarible, etc.
Who created the Mutant Ape Yacht Club?
The Mutant Ape Yacht Club is by Yuga Labs, the parent company of BAYC.
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