The Bored Ape NFTs began with a story that in the distant future, rich, bored individuals form an exclusive club and hang out in in a bar. Cut to 2022 and Yuga Labs, the company behind BAYC, is worth billions. Nikopolos explains how they got there:
Both had been involved in the crypto space as"" and traders since 2017. They eventually discovered that the emergence of NFTs created opportunities for them to showcase their creative sides and actively contribute to the crypto movement. To materialize their goals, they enlisted two software engineers, namely Emperor Tomato Ketchup and No Sass, as part of the project’s founding team.
, which consists of 10,000 NFTs that are a collection of unique digital dogs bred as companions to the Bored Apes and distributed to all BAYC members for free., a collection of mutant, or zombified, variants of Bored Apes. Yuga Labs airdropped mutant serums to holders of the 10,000 BAYC NFTs, which they can use to mint Mutant Apes that either share some semblance with the original form or come with very rare traits.
The rarity and traits of Mutant Apes depend on the tier of serum vial used to mutate the Bored Apes. Tiers M1 and M2 serums will most likely yield Mutant Apes that share some traits with original Bored Ape NFTs. In contrast, the M3 tier creates very unique and rare Mutant Apes that are more likely to fetch a higher price.On March 11, 2022, Yuga Labs expanded its NFT ecosystem further byCryptoPunks and Meebits from Larva Labs.
Yuga Labs has a history of involving NFT holders in some of its decision-making processes, particularly when it comes to donating to charity.
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