project overview
name: Mutant Ape Yacht Club (MAYC)
Release date : August 28, 2021
Issuance platform: Ethereum
Total supply: 20,000
issuance methods:
10,000
Mutant Serum will be airdropped to users who hold Bored Ape NFTs through the Dutch auction, and users can use these Serums to convert their Bored Ape into Mutant Ape
Initial selling price: 0.08 ETH
Current floor price: about 2.259 ETH
Total market trading volume: about 1.1 million ETH
Project link: OpenSea page
background and founding team
MAYC is Yuga Labs' third NFT collection, launching after BAYC and Bored Ape Kennel Club. The project aims to enable more users to participate in BAYC's ecosystem through the introduction of Mutant Serum. The founding team of Yuga Labs includes Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass.
ecosystem and business model
MAYC is an important part of the Yuga Labs ecosystem and is closely tied to projects such as BAYC and ApeCoin. Users who hold MAYC NFTs can receive ApeCoin airdrop rewards and participate in other projects and activities of Yuga Labs. In addition, MAYC also provides users with commercial use rights, allowing holders to use their NFTs for personal branding and derivative creation.
celebrity endorsements and market
performanceMAYC has attracted the attention and participation of several well-known personalities: NFT Evening
Lil Baby: American rapper who holds MAYC #129 and presents it as a Twitter profile picture.
Snoop Dogg: Well-known rapper who holds the full BAYC and MAYC series.
Mike Shinoda: A member of the band Linkin Park, who holds MAYC NFTs.
Shaquille O'Neal: Retired NBA star who holds MAYC NFTs.
Steve Aoki: A well-known DJ who holds MAYC NFTs.
The involvement of these celebrities has brought more exposure and recognition to the MAYC project.
Intellectual Property & Legal
DisputesMAYC adopts the same intellectual property policy as BAYC, allowing holders to have the commercial use rights of their NFTs. However, this has also sparked some legal controversy
:copyright attribution: Whether the holder owns the full copyright to their NFT is still debatable.
Brand protection: In the Web3 environment, intellectual property protection for brands faces challenges.
These questions remind us that there are trade-offs to ensure the protection of legitimate rights and interests when choosing an authorization method.
SummaryMutant Ape Yacht Club is an important move by Yuga Labs to expand its ecosystem, attracting a large number of user engagements through the introduction of Mutant Serum and Airdrop, among others. Despite facing some legal and copyright challenges, MAYC remains one of the important projects in the NFT space, and its future development is worth watching.
