Mutant Ape Yacht Club (MAYC) Beginner's Guide
MAYC is Yuga Labs-launched NFT collectible series and an extension of the BAYC ecosystem. Understanding its creation process, ecosystem uses, and key risks can help beginners understand this type of digital collectible project.
MAYC What is
Mutant Ape Yacht Club (MAYC) by Yuga Labs in 2021 was launched in August, comprising 20,000 unique digital collectibles. Each work is a NFT recorded on Ethereum, representing digital ownership and BAYC ecosystem membership, while providing more collectors with an entry point to participate.
How Mutant Apes Are Created
MAYC uses two creation methods: original BAYC holders could use airdropped Mutant Serums to generate new Mutant Apes from their Bored Apes; the project also issued 10,000 through a public Dutch auction. Using a serum does not destroy the original NFT but instead creates an additional ERC-721 token.
Connection to the Ape Ecosystem
MAYC holders can participate in the broader Ape ecosystem. Evidence indicates that holders received an airdrop at the launch of ApeCoin and could participate in related governance; their NFT can also serve as an identity marker in Otherside.ApeChain provides the ecosystem with an ApeCoin-powered Layer 3 network.
Risks to Recognize
MAYC are first and foremost digital collectibles and do not guarantee sustained utility or value. Their transaction prices are affected by market sentiment, community interest, and project development;NFT may also lack buyers, making them difficult to sell promptly. The series also depends heavily on the continued operation of Yuga Labs and the Ape ecosystem as a whole.
Original Tutorial
https://www.binance.com/zh-CN/academy/glossary/mutant-ape-yacht-club-mayc
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