New darling of the NFT market, the collection Bored Ape Yacht Club (BAYC) continues to attract investors from the cryptosphere. A “serum” for NFTs from the collection produced by Yuga Labs has just sold for a record price of $ 5.8 million. Details below.
What is a serum Mutant Ape Yacht Club ?
This is an NFT whose main mission is to mutate the monkeys represented in NFT in the initial collection of Yuga Labs. To achieve this, you must have both an NFT Bored Apeand a serum-like NFT in his portfolio before using the mutation feature on the MAYC website (Mutant Ape Yacht Club ). To this end, Yuga Labs sent 10,000 sera to BAYC owners on August 28, 2021. These sera are destroyed during use and can therefore only be used once. One Bored Apewho has been mutated cannot use another serum of the same level, not all sera being the same.
Of the 10,000 sera, Yuga Labs initially released 7,500 M1 sera, 2,492 M2 sera and eight sera. Mega mutant , or M3. M1 and M2 serums do not really have a significant difference other than the rarity, and therefore the price. M3 serum, on the other hand, offers more advanced features of a Bored Apeoriginal. It should be noted that not all M3 mutant monkeys are derived from sera. Five more have been added, bringing the total number of possible M3 mutant monkeys to 13 according to the Discord Bored Ape. However, the eight existing sera are incredibly rare, and become even more so when users destroy sera by mutating them. Bored Apes .
An NFT acquired thanks to an overbid of 42 ETH
It is precisely one of these M3 type serums that was sold for 1,542,069 ETH or $ 5.8 million. This is also the biggest sale of a serum of Bored Ape until now. The winning bid was made by Deepak Thapliyal, the CEO of the blockchain startup Chain. It must have made a better offer than Meta4 Capital, backed by Andreessen Horowitz, who had offered to buy the serum for 1,500 ETH, or $ 5.76 million.
Scarcity is one of the main reasons Mr. Thapliyal decided to spend almost $ 6 million on this NFT as he explained on Twitter. He invested a total of $ 7.2 million to have the serum and its Bored Ape. The person is also convinced that he will easily manage to multiply his earnings by four if he decides to sell the two NFTs in the future.
With the Mutant Ape Yacht Cluband sera, Yuga Labs found a way to add a pattern of rarity that goes beyond the initial characteristics of Bored Apes . The company does not intend to stop there since it has already partnered with Animoca Brands to launch a game Play-to-Earnin connection with its NFT collection.
Source: The Bloc Crypto
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 in some crypto only increased my enthusiasm. I therefore resolved to study and understand blockchain and its many uses and to relay information relating to this ecosystem with my pen.