Today let us learn how the NFT Collections are rising with the increasing interest of users in digital art. Read on to know more about one such NFT Collection – Mutant Ape Yacht Club!
Did you know that if you could have bought Bored Ape Yacht Club 4 months ago for $800, It would have been worth $150K today? The unexpected increase in NFT minting is causing a paradigm shift in blockchain technology for purposes other than cryptocurrency mining. A Non-Fungible Token (NFT) is data appended to a file to create a unique signature. It might be a picture file, audio, a tweet, text from a website, or other digital formats. Let us look at the NFT Collection Mutant Ape Yacht Club.
Overview of the Mutant Ape Yacht Club
The mutant ape is a part of the Bored Ape Yacht Club. The MUTANT APE YACHT CLUB is a collection of up to 20,000 Mutant Apes generated by exposing an existing Bored Ape to a vial of mutant serum or minting a Mutant Ape in the public sale. BAYC is a set of 10,000 Bored Ape NFTs, one-of-a-kind digital collectibles. A Bored Ape also serves as a Yacht Club membership card and grants access to exclusive amenities like THE BATHROOM, a collaborative graffiti board. The BAYC community can access future regions and bonuses by activating the roadmap. These unique collectibles live on the Ethereum blockchain.
The popularity of Mutant Ape Yacht Club
The focus on creating a universe and exclusive club behind the NFTs has contributed to MAYC’s success.
- MAYC has sustained the anticipation and a somewhat high floor fee through games like the Mutant Arcade and club privileges.
- With the help of an airdrop, BAYC holders could convert their Apes into Mutant Apes.
- The mutants were also offered for purchase in a public sale for 3 ETH each.
- Original BAYC Ape owners were also allowed to mint a Club Dog NFT for free.
- A royalty fee from secondary sales was contributed to animal organizations by the club.
One of the things adding to the Mutant Ape Yacht Club’s popularity is its offerings, such as the Mutant Arcade. Mutant Arcade is a small game released along with the collection to garner engagement and traction. Making an arcade game aims to develop a thematic universe rather than just NFT’s. The evolution of a universe and adding new benefits such as games and graffiti boards keep users interested and invested in the universe.
The BAYC has taken an existing NFT paradigm and improved it to the point that users can easily trade and build Ape NFTs in a themed environment. The idea of making these tokens more useful rather than only for collecting has aided in their price increase by a huge margin. When it comes to digital art NFTs, the Mutant Ape Yacht Club is now one of the most popular token clubs. MetaMask, Opensea.io, and Binance, for example, have made their wallets user-friendly for acquiring such NFTs with Ethereum.