Mutant Ape NFT Review: The Breakthrough From BAYC

After its peak in 2021, NFT collections have grown in popularity. One of the better instances of the growth of NFT profile images, PFP NFTs, and sets of NFTs is Mutant Ape Yacht Club (MAYC) NFT. This collection is still in existence today. The MAYC collection is notable for building on the basis of the Bored Ape Yacht Club NFT collection. Let’s find out details about this project with Coincu through this Mutant Ape NFT Review article.

What is Mutant Ape Yacht Club?

The Mutant Ape NFT collection was completely sold out within hours of its release in August 2021. The Mutant Ape Yacht Club collection (MAYC) was built with long-term aims 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 being the first product delivered. Moreover, Mutant Ape NFT has been a significant milestone for the Bored Apes ecology, with the explicit purpose of drawing more people to the BAYC community.

MAYC and BAYC are NFTs built on top of Ethereum. This collection’s primary topic is really distinctive, talking about monkey characters, but now that this monkey has been mutated, the animation will have a lot more sad traits than BAYC. No one Mutant Ape NFT is alike, with distinguishing traits such as various colored accessories, caps, and feathers.

Mutant Apes has also shown promising success, with sales of more than a billion dollars in less than a year. Since its first release, the Mutant Ape Yacht Club NFT collection has grown to become one of the pioneering PFP NFT projects. The Bored Ape environment had just BAYC NFT and the Bored Ape Kennel Club prior to the MAYC collection. Yuga Labs launched these projects in short 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 increased.

MAYC was introduced in August 2021 and is regarded as an essential expansion of BAYC; it was developed to draw more individuals to the BAYC environment. To improve the image of BAYC and attract more people, the developer Yuga Labs had to come up with all types of novel and creative solutions, and the MAYC outcome was created via the unique serum process.

Each MAYC will be created by combining an original BAYC with a procedure described by Yuga Labs as “Using Mutant Serum to Mutation BAYC.” To put it another way, there will be three serums available that will enable BAYC holders to “convert” their current Bored Apes into the new Mutant Apes.

The Mutant Ape Yacht Club collection of NFTs is tied to the original NFT Ape. The collection has a total of 20,000 NFTs, 10,000 of which are reserved for BAYC holders. 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.

Holders of Bored Ape NFT may freely mix their NFT with Serum NFT through smart contract integration. Even after redeeming the NFT Mutant Ape and destroying the Serum token, the pairing mechanism remains operational. Moreover, the coupling produces a unique, mutant-inspired NFT with features comparable to the original NFT Bored Ape. The concatenation has no effect on the initial BAYC NFT, and you now have two distinct NFTs.

The uniqueness of Mutant Ape Yacht Club is determined by numerous Mutant Ape features that distinguish them. Unusual qualities may ensure that an NFT is more valued. The M2 stunt jacket trait, for example, is only present in 0.4% of Mutant Apes species. As a result, Mutant Apes with M2 stunt jacket is more likely than other NFTs in the collection to sell for a greater price.

Under the Mutant Apes details, you can discover information about the different features as well as the rarity of the MAYC NFT as a percentage. In OpenSea, the traits tab for related NFT Mutants or Bored Ape might help you understand the rarity of NFT Ape Bored.

Traits

The Mutant Ape Yacht Club collection will be split into three different mutants by giving BAYCs a serum to drink:

• Serum M1 is the cheapest, and currently, there are still 4516 NFTs on the market.
• Serum M2 is a bit more expensive than M1 and still has 1409 NFT left.
• Serum M3, aka Mega Mutant, has only 8 NFTs minted, and currently, there are only 2 NFTs on the market.

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 12 different types of earrings in total.
• 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 colors.
• Hat: M1 Fez, M1 Halo, M2 Cownboy 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 Metric

• NFT Name: Mutant Ape Yacht Club
• Ticker: MAYC
• Blockchain: Ethereum
• Token Standard: ERC-721
• NFT Contract: 0x60E4d786628Fea6478F785A6d7e704777c86a7c6
• Circulating Supply: 19,478 MAYC

Now, the Mutant Ape NFT Review article will explore the project’s highlights.

Highlights

MAYC has 3 highlights:

• MAYC is a mutant version of BAYC after oral administration of the serum.
• 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 on the market that shares the same token with BAYC as (Apecoin) APE because it is in the monkey ecosystem.

Ultility

Owners who possess MAYC will profit from the following:

• Since MAYC NFTs are Profile Picture NFTs, using them as profile image is the primary use of the MAYC collection.
• It is your passport to special Bored Ape Yacht Club offerings and advantages. Special events, products, and ownership of actual assets are examples of these perks.
• MAYC may be purchased, traded, lent, or mortgaged in numerous markets as an investment asset.

Development forecasting

Everyone’s attention must be drawn to the Mutant Ape Yacht Club minting procedure right now. How is Mutant Ape NFT made, and how do you get one? It is critical to comprehend Mutant Ape NFT’s mission and operations. These elements might assist you in learning 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 envisioned by Yuga Labs as the second degree of membership in the Bored Ape ecosystem. Mutant Apes is a useful tool for rewarding Bored Ape owners with a fresh new NFT.

The mutant variation of the original Bored Ape will be the new NFT. The MAYC NFT collection, on the other hand, is aimed at allowing newcomers to join the BAYC ecosystem. Since its inception, the price of Bored Apes has surged by a significant margin, motivating community members to sell up their NFTs in order to meet financial objectives.

As a consequence, several members of the community were forced to quit the club by selling the NFT Bored Ape. At the same time, several NFT community members voiced regret for not joining the Bored Ape ecosystem prior to the steep price spike. The Mutant Ape Yacht Club NFT collection allows you to join the BAYC ecosystem at the most basic level. Presently, the project’s goal is to increase the utility while also providing rewards to people who have Bored Apes.

NFT allocation and sale schedule

Yuga Labs first wanted to donate 20,000 Mutant Ape Yacht Club (MAYC) to the community in a unique method.

• They airdropped three Mutant serums to BAYC bearers, instructing them to consume the serum to create MAYC.
• The remaining 10,000 MAYC were then auctioned off by Yuga Labs in a lively auction.
• The MAYC auction was quite active, with the final value of each MAYC reaching around 2.79 ETH. Based on this, we may predict that Yuga Labs will earn around 27,900 ETH (equivalent to $84 million in August 2021) if all 10,000 MAYC are sold in the auction.

This demonstrates the huge possibilities of owning and controlling digital assets. Investors and companies must approach this market with caution and a solid investing strategy.

Yet, for those who are just getting started, it is critical to have a solid grasp of the market and auctions. Likewise, investing in digital assets may be quite rewarding, but it can also be extremely hazardous. As a result, before investing in this market, investors should do extensive research.

Roadmap

The MAYC roadmap is divided into several stages:

• 26/4/2022: Snapshot of all BAYC owners.
• Launch platform.
• 3/5/2022: Airdrop 10K NFT serum to BAYC holders.
• 8/5/2022: Open to sell the remaining 10k 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 to all BAYC and MAYC holders.

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 has never raised funds on its own. Instead, Yuga Labs, its parent firm, received two rounds of investment. Yuga Labs now has a minimum of $450 million in funding, with a firm value of up to $4 billion, as of March 22, 2022. Animoca Brands and LionTree were among the investors that participated in the transaction, which was headed by a16z.

Partners

Mutant Ape Yacht Club (MAYC) has teamed with the Farmhouse brand in order to link the NFT and Farmhouse communities. This collaboration allows fans of digital art goods, such as NFT, to engage in the Web3 globe outside their own group.

Conclusion of Mutant Ape NFT Review

Mutant Apes is a variation on 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 anybody to join the Bored Ape ecology with little boundaries.

But, the original batch of MAYC mints has long ago sold out, and just one may be purchased 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 measured in monetary terms since holding these NFTs exposes them to the class of celebrities, sharks have a lot of money in the market, and the market may then have a lot of knowledge that regular people do not have. Hopefully the Mutant Ape NFT Review article has helped you understand more about the project.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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