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The Mutant Ape Yacht Club (MAYC) is a collection of about 20,000 Mutant Apes, which can solely be created by minting a Mutant Ape in the public sale or the exposure of an existing Bored Ape to a vial of mutant serum. The collection was created as a different project by the developers of Bored Ape Yacht Club (BAYC), Yuga Labs. Those who desire to join are required to purchase a Bored Ape or Mutant Ape on OpenSea.
Apart from Mutant Ape Yacht Club, Yuga Labs owns Bored Ape Yacht Club, Bored Ape Kennel Club, and Bored Ape Chemistry Club. In addition to NFTs, the Mutant Ape Yacht Club provides utilities for their owners, like participating in yacht parties, in-person events, play-to-earn games, Adidas mint, and others.
Properties:
- M1 Spinner Hat. Just 239/20,000 have this attribute.
- M1 Puffy Vest. Just 282/20,000 have this attribute.
- M1 Phoneme Vuh (Mouth). Just 441/20,000 have this attribute.
- M1 Pink (Fur) Just 650/20,000 have this attribute.
- M1 Bloodshot (Eyes) Just 1,155/20,000 have this attribute.
- M1 Yellow (Background) Just 1,740/20,000 have this attribute.
Mutant Ape Yacht Club (MAYC) became the fifth NFT collection in the world to pass the billion-dollar sales mark. The other four collections include Axie Infinity, CryptoPunks, Bored Ape Yacht Club, and Art Blocks.Some famous people who acquired Mutant Ape Yacht Club NFTs include the American rapper named Lil Baby, the actor Drake Bell, the NBA's Shaquille O’Neal, and the cofounder of Ethereum, co-Taylor Gerring, whose Mutant Ape was created after the exposure of a Bored Ape to a mega mutant serum.
ApeCoin is the ecosystem token for the Mutant Ape Yacht Club. Introduced by Yuga Labs, ApeCoin (APE)—an ERC-20 token—is a utility and governance token utilized in democratizing the ecosystem and granting members access to services within and outside the ecosystem. Members who hold a MAYC non-fungible token (NFT) are allocated 2,042 APE tokens per NFT.
The Mutant Ape Yacht Club collection was released by the Bored Ape Yacht Club on August 28, 2021. Both collections are on the Ethereum blockchain. The holders of Bored Apes were airdropped one of three mutant serums, referred to as M1, M2, and M3, to facilitate the creation of Mutant Apes. The Mutant Apes made with M1 and M2 serums retain the original traits of the Ape, and the ones made by the M3 serum get other qualities. The serum vials are provided to members by the Bored Ape Yacht Club.
MAYC was initially released with 10,000 Mutant Apes in the collection. The apes were sold for $96 million in total. With the introduction of the serum and the ability to convert the Bored Apes into Mutant Apes, the total number of NFTs in the Mutant Apes collection became 20,000. The Mutant Apes were either claimed by the holders or purchased for 3 ETH in the public sale, increasing to a minimum of 7 ETH ($22,400) each and continuing to rise.
The process of purchasing a MAYC NFT includes the following steps:
- A user funds a wallet with cryptocurrency: NFTs on OpenSea are purchased and sold utilizing Ether, the native cryptocurrency on the Ethereum blockchain. Users should ensure to fund their wallets with the appropriate ETH to cover the price of the NFT and other related fees, like gas.
- The NFT is located on OpenSea: OpenSea lists a lot of NFTs, so looking through collections can assist in narrowing down the selection.
- ETH is transferred to a Web3 wallet: This transfer involves converting ETH to a Web3 wallet, such as MetaMask and others.
- The Mutant Ape Yacht Club NFT is purchased: Click the "Buy Now" icon located on the particular NFT that has been chosen. OpenSea outlines the overall cost, including fees. After the purchase, approve the transaction in the Web3 wallet.
