Taylor Gerring, co-founder and former CTO of the Ethereum Foundation, purchased the Mega Mutant serum.
With the Bored Ape Yacht Club gaining ground and increasing valuation, the Mutant Ape Yacht Club derivative is also generating a buzz with its recent collection. The non-fungible token project, which is essentially executed on the Ethereum blockchain, was able to generate an approximate 500% increase in transaction volume over the past seven days. The star of Project NFT is a single Mega Mutant serum that is sold for $ 3.6 million from ETH.
According to information from analysis site NFT CryptoSlam, the secondary market trading volume for the Mutant Ape Yacht Club exceeded $ 70.9 million in the past week. Not only did this feat help the club grow by 500% from the previous week, but also made it the most popular follow-up project of this period.
During this specific time period, the average sale price of an NFT Mutant Ape fell from around 8 ETH ($ 32,000) on December 21 to around 12.3 ETH ($ 50,250) on December 28. On top of that, the past seven days represented a 40% (9.9 ETH) increase in the cheapest NFT on the project.
Mega Mutant Serum is a unit of the Bored Ape Chemistry Club. It includes a thousand mutant sera that can be deposited on all holders of Bored Ape NFT. The sera, which are divided into three verticals -M1, M2 and Mega Mutant, can subsequently modify living monkeys into “mutant” interpretations of themselves. These are burnt when used.
The Mutant Ape Yacht Club is an Ethereum NFT company, which covers approximately twenty thousand avatar images in total.
Yuga Labs traded ten thousand Mutant Ape Yacht Club NFTs in August, grossing $ 96 million in ETH in just an hour. Mutant serum NFTs are presented in many levels of uniqueness. There are exactly 8 Mega Mutant (or M3) sera.
With the growing engagement of crypto enthusiasts for Mutant Apes, the residual Mega Mutant Serum NFT, which has not been used so far, was traded at 888 ETH at the time of purchase (or 3.6 million of dollars).
Taylor Gerring, co-founder and former CTO of the Ethereum Foundation, purchased the Mega Mutant serum. Collector NFT has a Twitch Livestream and Twitter Spaces event planned, so Bored Ape fans can watch the NFT makeover into reality.
The collector’s item was also progressing towards the same floor price as CryptoPunks. Two of the most famous NFT collections, the CryptoPunks and the Bored Ape Yacht Club, have roughly similar entry-level rates. While Crypto Punks was created in 2017 by Larva Labs, Bored Ape was developed in April by Yuga Labs. Crypto Punks was billed as the first major NFT project, however, the Bored Ape grew exponentially in a very short period of time.
Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills allow her to understand the intricacies of financial markets. She believes that Blockchain technology has the potential to revolutionize all industries around the world.