The apex non-fungible token (NFT) collection known as Bored Ape Yacht Club (BAYC) has released the newly-anticipated prologue of its lore today, serving as a tantalizing preview of what’s to come.
This is a must-see for holders of BAYC and Mutant Ape Yach Club (MAYC) as not only can it potentially impact the value of their NFTs, but also provide them with exclusive benefits and perks. But even if you’re not a holder, learning about Yuga Labs’ (founders) new lore and how it employs storytelling to communicate its value and vision can still give you helpful insights. NFT degens and potential founders better take notes.
The Trial of Jimmy the Monkey
The “Trial of Jimmy the Monkey” begins with an ape who finds himself in a tight spot (quite literally) after accidentally swallowing a key of mysterious origin.
The video begins with a box-headed ape using an outhouse on the Bored Ape yacht club, but things take a bizarre turn when a medieval Bored Ape emerges out of the toilet, presenting the group with a warded key before disappearing just as quickly. Fast forward a few minutes, and the Bored Apes are partying when the ape (presumably Jimmy) accidentally swallows the key.
Now, Jimmy (could be wrong) finds himself in the outhouse again, only this time he attempts to excrete the key out of his body. And then, the Bore Apes have to… you know what? Just watch the whole video. It’s barely two minutes.
It remains to be seen how this peculiar plot twist will play out in the upcoming chapters of the new saga. Fans are eagerly anticipating the next installment called “The Past, Present, and Future,” set to be released this coming December 28.
The prologue launch came after a sneak peek was teased the day before, building excitement among fans of the collection right before Christmas. According to the official BAYC Twitter account, this “trial” serves as the prologue to a series of activations planned for 2023. Pieces of the narrative will be gradually released over the coming weeks, and fans are encouraged to pay close attention to the details as they “might be important down the line.”
Holders of BAYC and MAYC NFTs will be in for a treat in late Jan 2023 (tentative date is Jan 18), as a new mint is set to be released that is free, playable, and interactive.
Should You Buy a BAYC or MAYC Now?
Obviously, some are probably wondering if this is a good time to enter the Bored Ape ecosystem considering the hype that is currently brewing. The choice is up to you, but we will share some facts to guide your decision.
There are four tiers for those who want to participate in the new minting event next year. The highest tier will be reserved for holders of both Bored Ape and Bored Ape Kennel Club (BAKC) NFTs, followed by holders of just BAYC NFTs. The third tier will be for holders of both MAYC and BAKC NFTs, and the fourth tier will be for holders of just MAYC NFTs. It is important to note that these tiers are based on NFT ownership and the benefits will vary depending on the tier you fall into.
Now, let’s check today’s floor prices of the involved projects on OpenSea (at press time):
If you’re new to NFTs, you might find these prices extremely high. And that’s okay. Yuga’s project is currently the top of the line in the entire NFT space. Note that Bored Apes were selling at a floor price of $419K at its all-time high back in May 2022.
Surprisingly, not a lot of info has been uncovered in relation to the Otherside metaverse, which had its minting even early this year.
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