What is the Mutant Ape NFT, and is it a good investment?
What is the Mutant Ape NFT, and is it a good investment?
Have you ever wondered what Mutant Ape NFT, better known as “Mutant Ape Yacht Club,” actually represents? Why are a growing number of NFT enthusiasts choosing to invest in this interesting and unique collection of non-fungible tokens?
The Non-Fungible Tokens market is one of the most popular and dynamic in the world, where even complete laypeople are trying to make good incomes. However, it is not always easy to find profitable NFTs with the potential to increase in value.
One of them is certainly the Mutant Ape NFT which is slowly but surely making its way to the big spotlight. However, what is the secret behind these unusual NFTs? Why have these non-fungible tokens attracted so much attention from interested enthusiasts? Let’s find out!
Mutant Ape NFT Yacht Club collection – explained
The Mutant Ape Yacht Club (MAYC), better known as Mutant Ape NFT, represents a unique collection of 20,000 Non-Fungible Tokens. These specific NFTs are based on Apes in the famous Bored Ape Yacht Club. They come from one company called “Yuga Labs,” which is why they have many similarities in their traits.
The Mutant Ape NFT collection was launched a couple of months after the Bored Yacht Club, which was initially launched in April 2021. Owners of tokens from both the Mutant Ape NFT and the Bored Ape Yacht Club could enjoy the same advantages. They also share the same Discord channel and community in general.
However, it’s just a superficial overlook of the history of the Mutant Ape Yacht Club collection. It’s crucial to ask yourself: Is it profitable to invest in the Mutante Ape NFT? Why does it seem like this particular non-fungible token is so special compared to others on the market?
What exactly is the Mutant Ape NFT collection?
The famous Mutant Ape NFT collection is a specific NFT project that represents an extension of the Bored Ape Yacht club, which the same company, Yuga Labs, created. In order to expand the Bored Yacht Club members, in August 2021, the Yuga Labs invited new enthusiasts into their ever-growing community.
They’ve allowed these enthusiastic potential new members to get their tokens and also to praise all of the Bored Ape holders with a new non-fungible token. The Mutant Ape NFT collection is currently among the most expensive ones on the market. Its average price is $24.42k.
Unique 20,000 pieces of digital art
The Mutant Ape Yacht Club NFT collection includes 20,000 unique digital art pieces. It’s double the number of the original Bored Ape Yacht Club collection. You’re able to become a part of the community in two different ways:
- Purchasing Bored Ape NFTs and then giving them a serum or serums later which will make them start mutating
- Buy a Mutant Ape NFT directly.
Every Mutant includes certain features that make it special and unique. Remember, the rarer the Mutant features are, the more expensive the NFT will be. Here is one example – the M2 Stunt Jacket attribute could be found in only 0.4% of the Mutants. Therefore, Non-Fungible Tokens with this feature are more expensive in the ecosystem than other Mutant Apes.
You can learn about differentiating the rarity of traits according to a percentage by observing the Bored or Mutant Ape NFTs details on the OpenSea NFT Marketplace. To find that information, it’s crucial to go to the “Properties” tab, where it will be displayed.
Why is the Mutant Ape NFT Collection so special?
The main reason the Mutant Ape NFT collection is so special and unique is that there is a limited supply of the Mutant Serum and its NFTs. It is best to think of the Serum as a digital tube filled with a magical liquid. Once the Bored Apes take that liquid, they become Mutated Apes.
What are the three tiers of the Mutant Serum?
The Mutant Serum vials have three tiers:
- M1 is the least expensive one, with 7,500 vials of it once it was launched. The M1 Serum creates Mutant with features similar to the original Bored Apes.
- M2 is more expensive than M1, with a total of 2,492 vials once launched. It also creates a specific Mutant NFT like its Bored Ape.
- Mega Mutant, or the M3, is the “holy grail” of the entire ecosystem. It’s the unique one, with only eight vials in total. Except for one, all other vials in the M3 Serum have been burned until the 29th of July 2022.
Is the Mutant Ape Yacht Club collection valuable, and why?
Numerous NFT enthusiasts choose to join the Mutant Ape Yacht Club and invest in the Mutant Ape NFT because it is extremely valuable. Before all, once you own a Mutant NFT, you’re able to join the Bored Ape Yacht Club with a lower tier of membership.
Once you become a part of the Mutant Ape Yacht Club community and purchase the NFT Mutant Apes, there are many reasons for you to enjoy the same advantages as the members of the BAYC (Bored Apes Yacht Club). You’ll get exclusive access to:
- Their merchandise
- Community of like-minded individuals such as Neymar Jr. and Post Malone superstars
- Tips and news on upcoming NFT drop.
The rarity of mutant serums increases the value of MAYC.
It’s crucial to remember that the rarity of the mutant serums increases the value of the Mutant Apes Yacht Club. Demand is actually what drives up the rarity. Like everything that works according to the principle of supply and demand, this is the situation with this unique NFT collection.
For instance, one vial of Mega Mutant Serum, according to its rarity, was sold for the incredible amount of %5.8 million, even though it was obtained free of charge by the Bored Ape Yacht Club owner. Besides that, other two serums, the M1 and M2, that aren’t so rare such as the famous M3 unique Serum, could be sold for a great sum.
Mutant Ape has commercial value as well.
All NFT enthusiasts who purchase the Mutant Ape should know that it also has a commercial value. Its owners can sell it for profit, or they could also license it out to:
- Music production companies
- Marketing agencies
Once they license it out, they’re able to earn a passive income because they own intellectual rights to the particular NFTs they hold. How is that possible? Well, suppose that someone has licensed their Bored Apes NFT to the famous label the Universal Music Group, therefore, allowing the company to create their music group based on their Bored Apes.
Owning A Mutant Ape NFT also represents a certain social symbol. The famous NBA player Hailburton paraded his Bored Ape Yacht Club Ape on his sneakers for one basketball game in November 2021. Individuals put these Mutant Apes on their skateboards, for instance, while some celebrities display these Apes on the covers of their musical albums.
Should you invest in the Mutant Ape NFT?
One of the main questions regarding this unusual and special Mutant Ape NFT collection is – is it really profitable and good to invest in them or not? Well, it depends. Even though there are numerous benefits of investing in the Mutant Ape NFT collection, as we have seen above, and thus joining the ever-growing community, it’s not the best choice for everyone.
The doorstep of entering the Mutant Ape Yacht Club is significantly high, so average investors aren’t advised to buy it. For that reason, investing in these Non-Fungible Tokens isn’t worth it unless you have a lot of money to bear a potential loss.
Meet the exclusive Mutant Ape Yacht Community
One of the top reasons for the uniqueness of the Mutant Ape Yacht Club is its exclusive community and Discord channel that includes many crypto whales and celebrities. Enthusiastic members could enjoy amazing benefits by joining the Mutant Ape Yacht community or the Bored Ape Yacht Community.
Undoubtedly, we can always find something special to be available for free for all the Mutant Ape NFT Club members. For instance, all Mutant Ape NFT owners were able to claim 2,042 ApeCoin tokens during their launch in March 2022.
Also, being a part of the BAYC’s Road Map 2.0, it’s essential to know that owners would get free 3D models of all the Non-Fungible Tokens that they can use in the metaverse. Since all these Non-Fungible Tokens are considered elite, anyone who’s exploring the metaverse in the form of either a Mutant Ape or Bored Ape could become a VIP or celebrity in a matter of seconds.
Bottom Line
So far, we have learned that the Mutant Ape NFT or the mutant Ape Yacht Club represents a popular extension of the Bored Yacht Club Collection. Regarding its rarity, the Mutant Ape NFT collection’s community unique membership benefits and access have made it so popular among other NFT collections.
According to its devoted and active community, strong team, ambitious roadmap, and ever-growing partnership list, the Mutant Ape NFT collection could continue acquiring value over time! So, if you are eager to invest in these NFTs, it might be valuable. Just make sure you’ve got enough wealth in case things go sideways. Good luck!
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