Mutant Ape Yacht Club (MAYC) recently became the sixth non-fungible token (NFT) collection to reach $1 billion in total sales on Wednesday.
It is a collection of 20,000 NFTs that was developed by exposing BAYC NFTs to a “mutant serum” and released in August 2021. MAYC has experienced a surge in sales, with a 72 percent increase in the last seven days, thanks to founder Yuga Labs’ acquisition of CryptoPunks and Meebits licenses from Larva Labs.
So what is Mutant Ape Yacht Club and what makes it special? This article will give a clear understanding of what a MAYC NFT actually is, its price prediction, which celebrities are its owners, and many other things.
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What is Mutant Ape Yacht Club?
As mentioned earlier, it is a collection of 20,000 mutant NFTs. Essentially the MAYC can be considered the ‘next -level’ version of Bored Ape. This is because when the Bored Ape are exposed to a vial of serum, they become Mutant Apes. This strategy was adopted by the founders to create a new species of NFTs altogether.
The builders or makers of MAYC didn’t reveal the plans all at once, rather, they created an air of mystery around the whole launch and the story surrounding Mutant Ape ‘serum’ mystery. The whole plan seemed to work and it ended up making the fans puzzled but enthused.
History of Mutant Ape Yacht Club Collection
On August 28, 2021, the Bored Ape Yacht Club (BAYC) released 20,000 Mutant Apes NFTs, forming the Mutant Ape Yacht Club. The Bored Ape Yacht Club, which debuted on April 30, 2021, is a collection of 10,000 one-of-a-kind Bored Apes NFTs. The Ethereum blockchain hosts both collections.
Mutant Apes can be made by combining a Bored Ape with a Mutant Serum or minting a Mutant Ape. Holders of Bored Apes received one of three Mutant Serums, M1, M2, or M3, which allowed Mutant Apes to be created.
Mutant Apes generated using M1, and M2 serums retain their natural Ape characteristics, while those created with M3 serum acquire unusual features. The Bored Ape Yacht Club is currently providing buyers with serum vials.
What exactly is a Mutant Serum?
The creators made sure to involved the existing NFT owners in the MAYC creation process, this is why they randomly airdropped 10,000 Mutant Serums to every holder of Bored Ape. Now it was all up to the holders of Bored Ape to expose their NFTs to the mutant serum, and all they had to incur was the expense of gas or gas fee.
The Mutant Serum came in 3 sizes: M1, M2, and Mega Mutant (M3). The consequences of exposing the Bored Ape to serum is different, depending on the case. For example, when a Bored Ape is given an M1 or M2 Serum, the end result would be that it would end up looking like a gorilla.
If the Bored Ape holder wishes unusual and distinct characteristics, then they should go with the M3 serum. All these had a good effect and was welcomed by the owners as it provided a ‘distinctive’ feel to the owners.
Mutant Ape Yacht Club Price Right Now
The Mutant Ape Yacht Club’s current price is $58,309, up 30% in the last 24 hours. The market capitalization of Mutant Ape Yacht Club is unknown. The volume of MAYC in a 24-hour period is $45,423. It is ranked 5382 in terms of market capitalization. Mutant Ape Yacht Club is traded on one exchange, with SushiSwap (Ethereum) ($45,454) being the most popular.
MAYC NFT price
About two months ago, Mutant Ape Yacht Club reached an all-time high of $73,996. Mutant Ape Yacht Club has had 0% transparent volume over the last day and has been trading on 1 active exchange, with ETH ($45,454) being the largest volume trading pair.
933 Mutant Ape Yacht Club NFTs have been sold in the previous seven days. Mutant Ape Yacht Club sold for $55.35 million in total. One Mutant Ape Yacht Club NFT costs $59.3k on average. Owners of Mutant Ape Yacht Club number 11,967, with a total supply of 18,325 tokens.
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Mutant Ape Yacht Club Floor Price
Mutant Ape Yacht Club’s current price floor is 19.73 ETH, with a 24-hour trading volume of 2,948.58 ETH and 135 sales. Mutant Ape Yacht Club’s price floor has increased by 12.74 percent in the last 24 hours.
Mutant Ape Yacht Club Floor Price
The 7D average sale price is 21.39 ETH, with 60 ETH being the highest and 0.01 ETH being the lowest. With a floor cap of 348,037 ETH, the project is now placed #3 in NFT Price Floor. It has a 7.34 percent listed ratio and a maximum supply of 17,640 shares.
NFT Floor Price Definition
Because NFTs are non-fungible cryptographic tokens representing objects with distinct characteristics, each has its own value and price. The majority of NFT suppliers are creators and sellers of crypto trends, which comprise digital artwork.
The floor price in NFT markets refers to the lowest price a buyer can purchase NFTs from that collection. It’s the best deal on any NFT project’s collectible items, and it’s updated in real-time. Only the owners of NFTs or an NFT project that is selling NFTs can set the floor price.
The lowest purchase price of a service, good, or commodity is called the “floor price” by economists. One of the most widely used parameters in the NFT space to determine an NFT’s market value is the floor price. The price floor for Mutant Ape Yacht Club, one of the most popular NFT collections right now, $65,332.23
This is the most affordable price for a Mutant Ape NFT. Making an offer is one way for a buyer to get a Bored Ape for less than the floor price. But the chances of the seller accepting the offer are slim. Customers can make an offer or raise a bid to the seller, despite the rare opportunities.
The proposition is intriguing because all such offers are time-limited and can even be made at a lower price than the floor price. An NFT collection’s floor price is the lowest of any NFT in that project. But this does not always imply that you should buy the cheapest item in the collection. The main goal of setting a floor price is to encourage first-time buyers and beginners to become owners and participate in the project.
Cheaper NFTs are more accessible to a larger customer base in terms of customer bank accounts. Another significant benefit of using a floor price is that it gives NFTs more visibility in the market when sorting them by price. Market trends also suggest that potential categories’ floor prices rise much faster than moderately priced categories.
Mutant Ape Yacht Club Price Chart
MAYC has seen a sales surge, with a 72 percent increase in the previous seven days, thanks to founder Yuga Labs’ acquisition of CryptoPunks and Meebits licenses from Larva Labs.
While NFT market sales have slowed in recent days, CryptoPunks, Meebits, BAYC, and MAYC have all experienced significant increases in sales volume following Yuga Labs’ purchase, with Meebits increasing by more than 1,000% in only seven days.
Mutant Ape Yacht Club NFT Price Prediction 2022- Why is it high?
On the blockchain research portal DappRadar and others, BAYC and MAYC are now at the top of the lists. According to DappRadar, the two projects’ seven-day volumes were $93.2 million and $82.39 million.
While BAYC has increased by more than 60% in the last seven days, MAYC has increased by 160.96%. As a result, even the cheapest Mutant Ape NFTs have increased in price by thrice. Also the floor costs of Bored Ape NFTs have increased by 46%.
After rapper Eminem disclosed that he had purchased a BAYC NFT, sales of two of the top NFT projects, the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC), surged in the first week of 2022. He paid 123.45 Ether (ETH) for Bored Ape #9055, which equates to about $452,000 at the time of settlement. This has been one of the contributing factors to how so many people have gotten exposed to this art.
Projects like BAYC, MAYC, Cryptopunks, and others have been crucial to the growth of NFTs, despite their low trading volumes. While there aren’t many application cases for these NFTs right now, brands are taking notice. For example, BAYC has collaborated on a campaign with Adidas, the world’s largest footwear company.
Nike and Adidas aim to sell digital shoes and clothing in the future metaverse, and NFTs are how they will do it. These deals are expected to make the art being looked and liked by more number of people. This would increase its prices too.
MAYC is a 20,000 mutant ape NFT collection that can only be created by attaching a BAYC to mutant serum or during the public sale’s mint procedure. BAYC holders were given a mutant form that can be exchanged on the open market by MAYC. There have been roughly 7,623 mutations to date.
MAYC #2209 sold for 26.69 ether, or $102K, on January 2, 2022, and MAYC #4627 sold for 26.26 ether, or just over $100K, on the same day.
Bored Ape Kennel Club, Bored Ape Chemistry Club, and Prime Ape Planet PAP all demand today’s top NFT collecting volume, in addition to BAYC and MAYC sales on the rise.
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How to buy Mutant Ape Yacht Club NFTs?
Steps to be followed for buying a Mutant Ape Yacht Club NFT are:
STEP 1: Making an eToro Account:
As MAYC NFTs are based on Ethereum network, you’d need to obtain Ether. You can buy Ethereum on eToro as it’s the most preferred exchange by us. The best thing about eToro is that it is regulated by agencies such as CySEC, FCA, SEC, among others.
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In the first step, you’d need to open an account on eToro. For doing so, you’d need ID, such as driving license.
STEP 2: Downloading a Crypto Wallet
As now you have made your account on eToro, it is important that you open a crypto wallet on the same site. The eToro wallet is considered one of the safest to store crypto and NFTs.
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STEP 3: Sending ETH to your crypto wallet
Now, just buy some ETH on eToro exchange and send/transfer it to your crypto wallet. While there isn’t any significant gas fee incurred while sending ETH from an exchange to the wallet, the fee could be significantly higher when conducting other transactions.
Buying Ethereum on eToro
STEP 4: Making your final purchase
Now, all you have to do is head over to an NFT marketplace and make your purchase of Mutant Ape Yacht Club NFT.
We suggest heading over to Opensea or Crypto.com NFT marketplace as they are the most renowned and authentic.
Where are Mutant Ape NFTs Listed for Sale
One of the best marketplaces to buy a Mutant Ape Yacht Club NFT from is OpenSea.
OpenSea is the first and largest NFT marketplace in the world. It’s the best place to look for, purchase, and sell NFTs like music, collectibles, art, and video games. OpenSea is committed to empowering artists and entrepreneurs by changing how the world views digital ownership and assisting in the creation of the open, digital economy of the future.
Advantages of holding a Mutant Ape Yacht Club NFTs
Many people wonder about the benefit of holding a MAYC NFT. According to us, the ‘social status’ and ‘exclusivity’ associated with the project are the biggest perks. It has been a practice of using MAYC or BAYC picture as profile pictures by their owners, signifying their status as a proud NFT owner.
The perks do not end here as their are several tangible perks associated with owing a MAYC NFT too. The owners gain access to communities of which several well-known celebrities are part too. The owners would also get to earn tokens in the upcoming play-to-earn blockchain game of Bored Ape Yacht Club.
Lastly, the biggest perk is the ‘profit’ an owner can earn by selling it after a while. This is mainly due to the hype, exclusivity and status associated with such projects.
Celebrities who own Mutant Ape Yacht Club
MAYC has also attracted the attention of a number of celebrities. MAYC #129, for example, belongs to American rapper Lil Baby. For his 6.2 million Twitter followers, he even publicly displayed it as his PFP. Snoop Dogg, a well-known NFT fan, owns a complete set of BAYC #7723 and MAYC (M1 and M2).
On the other hand, Mike Shinoda of Linkin Park has many MAYC NFTs. Other celebrities who own Mutant Apes include TV show personality Drake Bell, retired NBA player Shaquille Rashaun O’Neal, and DJ Steve Aoki.
Mutant Ape Alternatives
You may buy NFTs for as little as $1 at auction on smaller marketplaces if you want to invest in them at a lower price point. The following markets are linked to crypto exchanges, making them safe to use and offering low-cost alternatives to Mutant Ape Yacht Club NFTs:
You might also be interested in the Lucky Block Platinum Rollers club NFT collection which will be released this year. The Lucky Block NFTs are affordable, have solid fundamentals, and serve as a good gateway for those who wish to enter the NFT world.
The best part about Lucky Block NFTs is they entitle holders to a $10,000 daily jackpot draw, with the possibility of massive payouts.
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Conclusion
In conclusion, the famous question is, “Which came first, the chicken or the egg?.” That is a confusing subject, but there is none in the case of Bored Apes and Mutant Apes. Bored Apes are the originals, and Mutant Apes are their progeny. All 10,000 BAYC NFT owners received one of three types of mutant serum on August 28, 2021.
They may mutate their monkeys using that serum. The BAYC team announced that 10,000 additional mutants would be made available to the general population after the serum airdrop was completed. Hence, the growth of BAYC and MAYC are indeed interlinked.
The BAYC team has been mindful of market saturation. Every addition to the BAYC community is made with the intention of increasing the community’s value. The Bored Ape Kennel Club provided owners with a free dog in addition to the mutant serum. The intellectual property rights to Bored Apes’ NFTs are also owned by the company’s owners. As the BAYC roadmap targets are completed, the advantages of owning a Bored Ape or a Mutant Ape will expand.
At last, if you wish to enter the world of NFTs with low investment and a long-term view, we also suggest checking out the Lucky Block NFTs and reading about their origin, fundamentals, and other crucial stats.
FAQs
What is a Mutant Ape NFT?
The Mutant Ape Yacht Club is made up of 20,000 Mutant Apes that were born after a Bored Ape was exposed to a bottle of Mutant Serum.
What is Mutant Arcade?
BAYC recently released the Mutant Ape Arcade game, which was only available for three days. The game is set in a sewer environment based by BAYC, and the protagonist is Curtis, the creator of BAYC. The aim of the game was to beat The Mutant Ape and escape MAYC. The winners were required to provide their wallet addresses. BAYC airdropped a POAP as a badge to commemorate their triumph over the Mutant three days later.
Which Mutant Ape NFT has been sold for the highest price?
This black horned Mutant Ape with a hint of yellow gold texture is the most expensive Mutant Ape ever sold. Mutant Ape #4849 was sold for a whopping 350 ETH, which is almost $835,590 USD at today's Ethereum pricing.
What does NFT Floor Price mean?
The floor price in the NFT market is the cheapest amount of money you can spend to join a project, or own a NFT. The floor price is set by the person who owns an NFT in a certain project and is selling it for a lower price than all other vendors in that project. The phrase floor price was used by economists to describe the lowest price that may be charged for a commodity, item, or service. It is one of the most extensively utilised indicators in the NFT industry to assist with project valuation.
Who are some of the celebrities who own Mutant Ape Yacht Club NFTs?
The Mutant Ape Yacht Club NFT Collection is quite popular and is owned by many celebrities including Snoop Dogg, Mike Shinoda, Linkin park, Drake Bell, NBA star Shaquille Rashaun O' Neal etc.
What is the floor price of Mutant Ape NFT right now?
The floor price of Mutant Ape Yacht Club at the time of writing the article is 22.19 ETH or $65,332.23
How many NFTs have been minted from this project?
As of March 19 2022, there is a total of 18391.0 NFTs minted held by 11979.0 unique owners with a total market cap of $1,201,566,878.87.
What is ApeCoin?
ApeCoin is an Ethereum-based token and as of now, there are one billion of them in existence, with CoinMarketCap indicating that around 30 percent are in circulation right now. Over the following few years, many of the entire number of tokens will vest gradually. ApeCoin is also the official token of the Bored Ape Yacht Club.
Is it a good time to buy NFTs?
As of mid 2022 many NFTs have dipped in floor price, presenting a good opportunity to buy the dip as non-fungible tokens should be a bullish investment asset in the long term.
