Digital assets have discovered completely new definitions as a response to new technologies such as blockchain. Non-fungible tokens, or NFTs, are the best examples for understanding the extent of growth of digital assets. Interestingly, the different categories of NFTs, such as profile picture collections, have been garnering considerable popularity in recent times. The Mutant Ape Yacht Club is one of the best examples of the rise of a profile picture or PFP NFTs, with a unique twist. The striking highlight of MAYC collection is that it builds on the foundation of Bored Ape Yacht Club NFT collection.
You can think of MAYC NFTs as the sequel to Bored Ape Yacht Club NFTs, and their sales volume clearly indicates that they have been a success. The following post offers an introductory overview of MAYC NFT collection, its history and the technical underpinnings behind its working. In addition, you can also learn about the unique traits which determine the value of Mutant Ape NFTs. Furthermore, you can also reflect on details regarding the potential trajectory of the Mutant Apes project in future.
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What is Mutant Ape Yacht Club NFTs?
The Mutant Ape NFT collection sold off within a few hours of going up on sale in August 2021. Yuga Labs, the team behind the famed Bored Ape Yacht Club or BAYC NFTs, created the Mutant Ape Yacht Club (MAYC) collection with a long-term objective. The founders aim to develop a media empire based solely on NFTs, with BAYC NFTs being the first offering. On top of it, Mutant Ape NFTs served an important milestone for the Bored Apes ecosystem with the evident goal of drawing in more users into the BAYC landscape.
Mutant Apes have also registered promising numbers for success, with over $1 billion in sales within one year. Following the launch, the Mutant Ape Yacht Club NFT collection has radically grown to become one of the frontrunners among PFP NFT projects. Prior to the MAYC collection, the Bored Ape ecosystem featured only the BAYC NFTs and Bored Ape Kennel Club. Yuga Labs released these projects in quick succession with BAYC NFTs in April 2021 and the Bored Ape Kennel Club in June 2021. As the profile picture NFT market expanded, Yuga Labs introduced the Mutant Ape collection through new mechanics.
What Does the MAYC NFT Project Look Like?
The answers to “What is the Mutant Ape Yacht Club?” would remain incomplete without finding out what they look like. The NFTs in the Mutant Ape Yacht Club collection is associated with the original Bored Ape NFTs. You can find a total of 20,000 NFTs in the collection, out of which 10,000 were allocated to BAYC holders. The other 10,000 NFTs were put up for sale through a Dutch auction mechanism. Mutant Apes are created through the exposure of an existing Bored Ape NFT to a vial of the ‘Mutant Serum.’
Bored Ape NFT holders had the flexibility of combining their NFT with the Serum NFT through a smart contract integration. The pairing mechanism stays operational even after redeeming the Mutant Ape NFTs alongside destroying the Serum token. On top of it, the pairing generates a creative, mutant-inspired NFT featuring similar traits as the original Bored Ape NFT. The pairing process does not affect the original BAYC NFT, and you have two distinct NFTs.
The Mutant Ape Yacht Club rarity depends on the different features of Mutant Apes, which make them unique. Rare traits could ensure that an NFT would have more value. For example, an M2 stunt jacket feature is available only in 0.4% of the Mutant Apes. Therefore, the Mutant Apes with an M2 stunt jacket is more likely to fetch higher prices in comparison to other NFTs in the collection.
You could find information about the distinctive traits alongside rarity of MAYC NFTs in terms of percentage in the details of Mutant Apes. The “Properties” tab for the concerned Mutant or Bored Ape NFTs on OpenSea marketplace could help you find a clear impression of the rarity of Bored Ape NFTs.
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Vision behind Mutant Ape Yacht Club NFTs
The obvious point on everyone’s minds right now must be revolving around the Mutant Ape Yacht Club mint process. How are Mutant Ape NFTs created, and how can you get one? On the other hand, it is also important to understand the vision behind Mutant Ape NFTs and their work. These elements can help you learn more about the project before grabbing one NFT from the collection.
The vision for MAYC NFTs had already found roots with the launch of BAYC NFTs. Yuga Labs envisioned the Mutant Ape NFTs as the second tier of membership in the Bored Ape ecosystem. The Mutant Apes serve as an important tool for rewarding Bored Ape owners with a completely new NFT.
The new NFT would be a mutant variant of the original Bored Ape. On the other hand, the MAYC NFT collection also focuses on enabling the entry of newcomers into the BAYC ecosystem. The prices of Bored Apes soared by considerable margins since their launch, thereby encouraging community members to sell off their NFTs to achieve financial goals.
As a result, many active community members had to move out of the club by selling off their Bored Ape NFTs. At the same time, many members in the NFT community express regrets for not joining the Bored Ape ecosystem before the rise in floor price. The Mutant Ape Yacht Club NFT collection gives an opportunity to enter the BAYC ecosystem at the lowest membership tier. As of now, the project aims to improve utility alongside enabling members’ only benefits with Bored Apes.
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Working of Mutant Ape Yacht Club NFTs
The working of Mutant Ape NFTs is the next big priority for understanding the PFT NFT collection. Even though MAYC NFTs have emerged as offshoots to the Bored Ape Yacht Club NFTs, they have become equally if more popular than their predecessors. Awareness regarding the working of MAYC NFTs could offer a significant advantage in learning how to get a Mutant Ape NFT or use them.
The best way to understand how Mutant Ape NFTs work would focus on the Mutant Ape Yacht Club mint and the Mutant Serum NFTs. However, you must keep in mind that you cannot mint any Mutant Apes as all the Serum NFT airdrops and the auction has ended. You can get Mutant Apes only from notable NFT marketplaces such as OpenSea. On the other hand, you also have the option of purchasing a regular Bored Ape NFT and Serum NFT for its mutation.
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Mutant Serum
The most significant highlight responsible for Mutant Ape Yacht Club rarity is the Mutant Serum. Bored Ape community members took priority in the allocation of Mutant-inspired traits and capabilities in the airdrop. Prior to the Dutch auction of MAYC NFTs, all the BAYC owners received an airdrop of one Mutant Serum NFT for every Bored Ape. The Mutant Serum offered incentives to Bored Ape owners for mutating their NFTs and creating new Mutant Ape NFTs. On the other hand, Bored Ape owners could hold on to the Serum NFTs and sell them for higher profits.
The Mutant Serums are practically an NFT collection, which serves as a key ingredient for creating Mutant Ape NFTs. Mutant Serums are a part of the Bored Ape Chemistry Club and come in three distinct variants, such as M1, M2 and M3, or the Mega Mutant Serum. The Serum variants are an important part of Mutant Ape Yacht Club (MAYC) collection, with the flexibility for anyone to purchase and sell Serum NFTs. However, only Bored Ape NFT owners can use the Mutant Serums for creating Mutant Ape NFTs.
The impact of each type of Mutant Serum is also a key highlight of Mutant Apes. Different variants of the Mutant Serum have different impacts. In the case of M1 Serum, you would find a basic layer of mutated traits on the Bored Ape NFT. The maximum limit of M1 Serums originally stood at around 7,500.
Some of the examples of mutated traits with M1 Serums include faded fur or accessories coming alive. The second type of Serum, i.e., M2, results in more prominent mutations, which can completely change the appearance of the Bored Ape NFT. The original amount of Serum NFTs stood at almost 2,492 and helped in creating a completely mutated version of BAYC NFTs.
Reflecting on answers to “What is the Mutant Ape Yacht Club?” could help you find references to the impact of Serum NFT on the original Bored Apes. Irrespective of the type of Serum you use on a Bored Ape, the mutated traits would still feature similarities to the features of the concerned ape.
For example, a Bored Ape wearing a party hat can pair with Serum NFTs for transformation into a Mutant Ape. However, the party hat would not disappear in the mutated variant. Similarly, the accessories, fur color, expression and other traits also change in Mutated Apes while retaining the base traits.
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Mega Mutant Serum
The third variant of Serum NFTs for the Mutant Ape Yacht Club ecosystem, i.e., M3 Serum, is an important addition to the Bored Ape ecosystem. Also referred to as Mega Mutant Serum, the M3 Serum could ensure permanent transformation in a Bored Ape. The Mega Mutant Serum would transform a Bored Ape into a Mega Mutant Ape. Interestingly, the Mega Mutant Apes and Serums are quite rare, with only 8 M3 Serums in existence.
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Minting Structure
The next crucial highlight in the working of Mutant Ape NFTs would refer to the minting structure. It is important to note that the minting structure has been designed to ensure fair distribution. The minting process did not announce the airdrop of NFTs, and the Mutant Apes were not revealed before concluding sales.
BAYC owners received around 10,000 Mutant Serums in airdrops while the other 10,000 Serum NFTs were put up for auction. Anyone looking for the Mutant Ape Yacht Club mint would have to invest a significant amount of capital in purchasing Bored Ape and Serum NFTs. On the other hand, buying Mutant Ape NFTs directly from secondary marketplaces can also help you get your hands on the unique NFT collection.
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How Are Mutant Apes Unique?
The details of the Mutant Ape NFT collection showcase many reasons for joining the community. However, many people would have doubts regarding MAYC NFTs before putting their time or money into it. What are the factors which make Mutant Apes unique?
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Community Benefits of BAYC Ecosystem
The Mutant Ape NFTs give you direct access to the Bored Ape community with similar benefits as Bored Ape Yacht Club members. Some of the important community benefits include tips and updates on new NFT drops, involvement in a community of enthusiasts and access to exclusive merchandise.
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Rarity of Mutant Serums
The element of Mutant Ape Yacht Club rarity should also mark a noticeable highlight for newcomers to enter BAYC ecosystem. Mutant Serums come in different variants, with the M3 Serums offering rarest traits. The rarity of Serums plays a crucial role in fuelling the demand for MAYC NFTs.
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Commercial Value
Mutant Ape NFTs might seem like another NFT collectible project. However, you must also take note of the commercial value associated with Mutant Apes. For example, MAYC NFTs can be sold for profit or leased out to marketing agencies and magazines for passive income. At the same time, ownership of a Mutant Ape NFT serves as a prominent symbol of social status.
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Bottom Line
The detailed introduction to Mutant Ape Yacht Club delivered notable insights regarding the potential of the NFT collection. Mutant Apes are basically the derivatives of popular Bored Ape Yacht Club NFTs with the addition of special Mutant Serum NFTs to regular Bored Ape NFTs. Mutant Ape NFTs offer an effective resource for anyone to enter the Bored Ape ecosystem with limited barriers.
However, the initial MAYC mint has concluded long back, and you can only purchase one from secondary marketplaces. At the same time, it is impossible to ignore the value advantages associated with Mutant Ape NFTs. Keep exploring to learn more about Mutant Apes and the Bored Ape ecosystem.
*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!
