Successor to Bored Ape Yacht Club: New NFT series launched

taketonews

• Only 300 NFTs offered
• The “TwelveFold” series is based on the Bitcoin blockchain
• The company celebrated successes in 2021 with the Bored Ape Yacht Club

288 NFTs will be auctioned

Yuga Labs’ new NFT series was announced on Twitter under their official account.

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The NFTs of the 300-piece limited collection were offered for auction a little later in a 24-hour time window. However, of the 300 NFTs, 12 were reserved for employees, future donations or charitable causes, so only 288 NFTs were auctioned. The minimum bid was 20,000 satoshis. A satoshi, named after the pseudonym of the inventor of the cryptocurrency Bitcoin Satoshi Nakamoto, is one hundred-millionth share of a bitcoin. The minimum bid was the equivalent of about 5 US dollars. With such a low bid, however, bidders had no chance of winning one of the coveted NFTs: The highest bidder offered 7.1159 Bitcoin and thus put around 159,600 US dollars on the table. The lowest bid was 2.2501 BTC – so the 288th NFT of the series cost the equivalent of around US$50,400.

Monkey NFTs world famous

Already in 2021, Yuga Labs was able to land a success with its first NFT collection, the Bored Ape Yacht Club: The 10,000 pictures of the monkeys with bored facial expressions and often a bit flashy appearance were announced in April 2021 and were sold out overnight after the sale opened. The NFTs were able to achieve an immense price increase: While they were on sale for 0.08 ETH in 2021, they are now traded on NFT trading platforms such as OpenSea at prices of at least 72 ETH – around 109,000 US dollars at the current rate. In addition to the NFT itself, buyers of a Bored Ape Yacht Club NFT also receive access to the eponymous, exclusive club, a virtual graffiti wall and the rights to use their NFT.

Yuga Labs only two years old

The company behind the NFTs, Yuga Labs based in New York City, can look back on a relatively short history: The company was founded in February 2021, only a few months later the great success followed with the first NFT series . Other NFT series such as the Bored Ape Kennel Club or the Mutant Ape Yacht Club are also popular and – although not quite as expensive as the original NFT series – are traded for several thousand US dollars. The company has also been able to enter into collaborations with other greats who are not necessarily from the crypto scene: for example, clothing items have been launched in collaboration with US rappers Snoop Dogg and Eminem, and the streetwear brand adidas Originals is collaborating active in the metaverse with Yuga Labs. In late March 2022, Yuga Labs was valued at $4 billion in an investor round.

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Image sources: mundissima / Shutterstock.com, Hasbi Sahin / Shutterstock.com



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