Mega Mutant Serum #69 Sold For Almost $6 Million, Crazy?

A single non-fungible token (NFT) from the Mutant Serum collection by the Bored Ape Chemistry Club has changed hands for almost US$6 million.

Serum #69, one of 10,000 in the series to be airdropped to all Bored Apes collectors, was purchased on OpenSea for a record 1542.069 ETH (US$5.8 million) on January 2 by @Deepak Thapliyal, an avid Ape collector and CEO of blockchain tech startup Chain.

Deepak took to Twitter to explain himself and his reasoning behind such an expensive investment:

Most Iconic NFT Project to Date

The level of creativity from Yuga Labs (creators of Bored Apes) is pure genius. The Bored Apes Yacht Club roadmap outlined that Bored Apes would be followed by another collection after all BAYC NFTs had been sold. Mutant Apes was always part of the project’s vision. The release of Serums adds an extra layer of uniqueness and generates further excitement among collectors within the Apes community.

Of 10,000 Serums already airdropped, there are only eight Mega Mutant Serums, making Serum #69 extremely rare. Serums are designed for a one-use mutation of a Bored Ape. Applying the mutating feature on the MAYC website, the Serum NFT merges with the Bored Ape NFT to create a new Mutated Ape character with combined features. Yuga Labs has ingeniously invented a way to add a scarcity model that goes beyond the original Bored Ape mint.

The original Bored Apes collection has become one of the most popular NFT projects to date. In September last year, a collection of Bored Apes NFTs sold for US$25 million.

BAYC is a phenomenon that has transformed the way the world sees digital art and NFTs, and has had a huge impact on the rise in popularity of the entire NFT space. Even rapper Eminem has one!