Mutant Ape Yacht Club is a collection of up to 20,000 unique Mutant Ape NFTs based on the Ethereum blockchain and represented as ERC721 tokens. MAYC launched via auction and airdrop of serums in August of 2021, shortly after the BAYC collection sold out.
Who Are the Founders of Mutant Ape Yacht Club?
Yuga Labs LLC made the Bored Ape Yacht Club in May of 2021 with MAYC plans on the roadmap scheduled to launch after the Bored Apes had completely sold out. Yuga Labs, BAYC, and MAYC were created by four friends of various backgrounds who set out to make some dope apes, test their skills, and build something (ridiculous). Those friends commissioned additional artists to design 'mutant' versions of each trait which the 10,000 pre-existing Bored Apes could possess.
What Makes Mutant Ape Yacht Club Unique?
The novel way Yuga Labs distributed the MAYC was original and more complex than most collections. The team held a dutch auction to sell off half of this collection, starting at a mint price of 3 ETH and reducing the price until those 10,000 MAYC NFTs sold out. By the end of this auction, a total of 5 Mega Mutants were minted without the use of serums. At the same time as that auction launched, eligible holders of the original BAYC received a free airdrop of Bored Ape Chemistry Club mutant serums grade 1-3. Beyond the public sale of 10k MAYC NFTs, the only way to mint a Mutant Ape was for the original BAYC holder to visit the official website while possessing their ape and a serum. On the site, Yuga Labs built an application through which holders could connect an Ethereum wallet and allow users to choose one of their Apes held in their wallet to consume (burn) the mutant serum NFT of the Bored Ape Chemistry Club collection. Each OG Bored Ape can only consume each of the three serums a single time to not duplicate MAYC apes. As long as there are still serums from the Bored Ape Chemistry Club in circulation, there will be less than 20,000 Mutant Apes in circulation.
What is Mutant Ape Yacht Club worth?
Mutant Ape Yacht Club is worth $774.6M by market cap.