Latest Mutant Ape Yacht Club News
Bored Ape Yacht Club No. 4980 sold for 530 ETH or approximately $970,000 earlier today.
The Deets
- BAYC No. 4980 NFT was sold at a 16% premium over its DeepNFTValue of Ξ456.79 ($837.7k).
- The sale realized a profit of 524 ETH for the seller.
- The Ape was purchased by "PimpCapital."
- The sale took place on X2Y2, and no royalties or fees were paid.
The Details
BAYC No. 4980 is one of 46 apes with a "Solid Gold Fur" trait which makes it one of the rarest in the collection. The seller held the NFT for about two years from its last purchase.
The sale marks the largest since BAYC No. 5230, which sold on April 20 for 300 ETH.
📊 By the Numbers
Bored Ape Yacht Club currently holds a floor price of 47.20 ETH, down about 12 percent in the last 30 days. The collection has experienced a small boost since being added to Blur's Blend platform earlier today.
🧠 Learn More
BAYC tweeted a brief teaser video that shows 80+ possible traits across the different HV-MTL mech types.
Fewer than a trillion possible combinations. pic.twitter.com/6GHVeUZbMI
— Bored Ape Yacht Club (@BoredApeYC) April 28, 2023
❗ Why It Matters
While the Evo 1 reveal was delayed until next month, it'll be worth the wait based on a glimpse at the montage of various traits that BAYC shared today. Garga previously noted there were 1,050 traits, so this preview included less than 10% of the total trait pool.
🎤 Founder Feedback
Huge amount of traits have gone into the HV MTL collection. Looking forward to seeing what comes through the rift.Garga
Yuga Labs Chief Content Officer Michael Figge provided a TwelveFold update in a tweet thread 🧵 today.
The Details
- Initially, TwelveFold was presented in a format that made sense for satoshi inscriptions.
- Originals were 1,000 x 1,000 pixels.
- But each work in the collection has since been updated to a 12,000 x 12,000 pixel format and 144K resolution.
- This version will be made accessible to TwelveFold collectors.
- Collectors will receive a framed physical print of their piece that will be delivered for free.
❗ Why It Matters
Even with everything else going on within the Yuga ecosystem, such as the ongoing development of the Otherside, the delayed HV-MTL reveal process, and the upcoming Legends of the Mara adventure, the team hasn't forgotten about the owners of TwelveFold, their first work that was purely art.
While TwelveFolds don't include a membership component or utility to be used for further activations, collectors will receive a welcome update in the form of a much higher resolution version of their piece, as well as a framed physical print that will be delivered free of charge.
🔜 What’s Next?
Yuga has prints in production for TwelveFold collectors and are dialing in framing prototypes now. Then...a puzzle?
.
🕳️ Go Deeper
- More To Come From TwelveFold Next Month? (March 17, 2023)
- TwelveFold Outputs Spark Conversation (March 13, 2023)
Mike Seavers, formerly an executive VP of development at Epic Game, will be joining Yuga Labs as its new CTO on May 22, according to a press release shared this morning.
❗ Why It Matters
Seavers brings a wealth of gaming experience at one of the top gaming studios to the Yuga Labs team as it ramps up its gaming initiatives related to The Otherside. This is a clear area of focus for Yuga Labs, who recently named Daniel Alegre, an ex-Blizzard executive, as its new CEO. Gaming will continue to be a foundational pillar of the Yuga Labs ecosystem, and the Yuga is doubling down on its team.
🔙 The Deets
- Seavers will succeed Yuga Labs co-founder Kerem Atalay in the CTO role, though Atalay will "remain with the company as a close strategic advisor," according to the release.
- At Epic Games, Seavers oversaw Epic Games' work on Unreal Engine, Fortnite and the Epic Games Store. He worked at Riot Games prior to joining Epic, where he worked on League of Legends, Valorant and Legends of Runeterra.
🎤 Founder Feedback
"Mike has a proven track record of taking organizations to the next level, and he shares our vision for how important digital identity and community will be for the future of the internet. We have an opportunity to be the web3 platform at the forefront of community and social engagement, through media and entertainment, and Mike's expertise will help us scale to achieve that." -Daniel Alegre, Yuga Labs CEO
🕳️ Go Deeper
- Yuga Labs Taps Blizzard Head As Next CEO (December 19, 2022)
- Gordon Goner Takes Leave of Absence from Yuga Labs (January 28, 2023)
- Morning Minute | Yuga's Juggling Act (March 15, 2023)
- NFT Roundtable | Yuga's NFT World (March 29, 2023)
The HVs won't be making their way across the rift until May, according to a tweet from @BoredApeYC yesterday.
The Details
- The official BAYC account appeared to note the delay by cryptically saying, "One turn right, one turn up, three down, two up… Fuck!!! Locked itself again. We’ll need more time to figure this out."
- The mdvmm.xyz site confirms the minor delay, with the updated infographic for the Evo 1 Reveal now showing May rather than April.
- The Journey to Evo 2 section also used to say "Begins May," but now says "Begins June" instead.
- BAYC co-founder Garga added some color, calling the HV-MTL a "monster of a collection" with "8 types, 1050 traits..."
❗ Why It Matters
Besides creating another week or two of pent-up anticipation, this seems like mostly a non-issue. Especially with May being less than a week away anyway.
Obviously, the Evo 2 component of the journey also got shifted out a month later, but with Yuga having so many projects to juggle, it just makes sense for them to take the time to make sure the execution is up to their standards. Rather than have some sort of issue like the companion trait error.
📊 By the Numbers
Not surprisingly, the floor has dipped about 10% since the announcement (-8.5% on OS and -12% on Blur, where the floor is a bit lower at 1.248 ETH). But not a significant move given overall market conditions, and interest will surely return once upcoming timelines are made more concrete.
🎤 Founder Feedback
8 types, 1050 traits... going to need to make some behind-the-scenes content about the process when we're done. Not yet but soon.
— Garga.eth (Greg Solano) (@CryptoGarga) April 24, 2023
🎤 Community Quotes
Novel Labs, the team behind Mutant Hounds and the Mutant Cartel, and Faraway are collaborating to create Serum City, a city builder game which thrusts Mutant Apes into the spotlight.
The Deets:
- Mutant Apes are the main characters in Serum City
- Game's assets will be interoperable on Ethereum's mainnet
- Game is token-gated, requiring specific NFT ownership for access
- Launch slated for August
- Gaming details not yet provided
- Powered by ApeCoin
The Details
Serum City's main characters are Mutant Apes, and game access will be granted to holders of Mutant Apes, Bored Apes, Genesis Oath, and Mutant Hound NFTs. As the game progresses, access will gradually open up with each new in-game season of content. The game's setting is a dystopian world where Bored Apes are the ruling class, and Mutant Apes are underlings and outcasts.
Serum City will feature an illustrated or comic book-inspired aesthetic, Faraway founder Alex Paley told Decrypt. While gameplay details remain limited, the developers aim to create a richer and more engaging experience than current NFT-based games.
Interoperability is a key focus for the game, with in-game items crafted as NFTs expected to be used in future Novel Labs games. Faraway has previously been building on Solana, potentially opening the door to cross-chain interoperability and functionality as well.
❗Why It Matters
No one has attempted quite as an ambitious task with their commerical rights and IP ownership as Novel Labs founder Lior Messika, who now puts to use the BAYC and MAYC's he has access to in the build of Serum City and the unfolding lore of Mutant Cartel and Mutant Hounds. Messika aims to far surpass the elementary web3 games that have been developed thus far, adding sophisticated depth and lore and simply making Serum City fun to play. The task seems easier said than done, but perhaps the tangential attachment (there is no formal connection) to Yuga Labs' IP will provide a small leg up.
An additional note of interest is the ApeCoin powered ecosystem in Serum City. Many have speculated that additional ApeCoin sinks will create long term benefits for the price of $APE. Might Serum City, a product not officially affiliated with Yuga Labs, ultimately benefit Yuga's ecosystem token?
📊 By the Numbers
Mutant Hounds NFTs, one of three Mutant Cartel NFTs available, offer the cheapest possibly entry into Serum City at present time. The collection has fallen 26 percent in the last month to a floor price of 0.21 ETH.
🎬 Take Action
Users hoping to gain access to Serum City in August will need a BAYC, MAYC, Genesis Oath, or Mutant Hound NFT.
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Gucci announced a multi-year partnership with Yuga Labs, as reported by Business of Fashion, and seemingly confirmed by the @Gucci and @Othersidemeta Twitter accounts.
❗ Why It Matters
This partnership between Gucci and Yuga Labs signifies the growing convergence of luxury fashion and digital assets, further cementing the importance of web3 and NFTs in the broader crypto ecosystem. By exploring the intersection of fashion and entertainment in the Metaverse, Gucci is demonstrating its commitment to embracing the emerging digital realm, which has the potential to revolutionize customer engagement and brand loyalty. Additionally, this collaboration highlights how established brands are actively seeking innovative ways to integrate into the evolving landscape of digital art, gaming, and virtual worlds, ultimately shaping the future of both industries.
🔎The Details
Gucci's partnership with Yuga Labs aims to extend engagement between their communities by exploring the intersection of fashion and entertainment in the Metaverse. Gucci’s senior executive vice president, Robert Triefus, expressed excitement about the partnership and having an active role in Otherside, a Bored Ape-themed virtual world, and 10KTF's narrative, adding, "We are excited to unveil this multifaceted partnership with Yuga Labs, a leader and creative pioneer in web3."
Previously, Gucci had collaborated with 10KTF for its Gucci Grail project, where 10KTF’s digital artisan, Wagmi-san, crafted clothing and accessories to personalize NFTs with designs by Gucci’s then-creative director, Alessandro Michele. Yuga Labs’ chief creative officer, Michael Figge, looks forward to showcasing how the partnership extends to endless opportunities in Otherside. Figge said of the partnership, "We're looking forward to showcfasing how that partnership extends to endless opportunities in Otherside."
Gucci sees a long-term opportunity in web3 for building community, encouraging customer loyalty, and ultimately generating revenue. The company plans to capitalize on the expertise of creatives through strategic partnerships, such as the one with Yuga Labs.
It appears that Gucci's perfume lines will feature heavily into the partnership, as both company's Twitter accounts tweeted an image of a Gucci-themed potion bottle in their announcements.
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Big news from Yuga Labs! In a post on the company's news site, the team announced Voyagers will be competing against each other in team's during Otherside's 2nd Trip, which begins later this week on March 25. There will be four teams, each with a "captain" who will "provide guidance and advice on your objective."
❗ Why It Matters
This announcement brings excitement to the Otherside community as it reveals more details about the upcoming 2nd Trip. The introduction of team captains adds a competitive element to the experience, making it more engaging and challenging for the Voyagers.
🔎The Deets
- Voyagers will be divided into four teams: Luster (yellow), Crimson (red), Veldan (green), or Glacial (blue).
- The objective for each team is not yet revealed, but the captains will guide and advise each team member to help them achieve it.
- The four team captains for 2nd Trip are Jimmy Wong, Brycent, Lowbellie, and Champ Medici.
- Jimmy Wong is an actor, host, gamer, and Internet veteran.
- Brycent is a partnered Twitch streamer and Web3 gaming content creator.
- Lowbellie is an artist, early Web3 adopter, BAYC + Otherside community member, and gamer.
- Champ Medici is Cordell Broadus, Snoop Dogg's son, a Web3 architect, and crypto entrepreneur.
⚡ Take Action
Visit the official Otherside FAQ page to learn more about the 2nd Trip and how to participate.
🎤Community Feedback
