ApeSwap has seen recent speculation as they branch out into the NFT market. Let’s dive into what these non-fungible assets are and what it means for the project.
The AMM is continuing sales of non-fungible apes, a set of 1,000 cryptographically generated unique, rare, immutable, digital apes (NFTs). Each non-fungible ape is created by hashing a string to randomly generate one of 6 characteristics. The next sales round occurs on May 8th on NFTKEY.
ApeSwap has conducted three sales rounds of its non-fungible apes as the process enters its second month. 330 Apes have already been sold with 100 apes in each new round. The company is now preparing for its 4th batch of apes which will be made available on May 8th at 22:00 UTC on NFTKEY.
The previous sales by ApeSwap all managed to sell out in minutes, so it’s highly likely that the next round will follow suit. The aftermarket, in which successful buyers trade their apes with others has also been incredibly lively, generating thousands in NFA transactions. The most expensive ape on the market so far sold for nearly $15,000.
Non-fungible apes are an NFT asset on ApeSwap that are randomly generated with 6 characteristics: Base, Face, Frame, Mouth, Eyes, and Top. Combining these characteristics in different configurations offers unique ape designs, with some far rarer than others. Some characteristics are far rarer than other others. For instance, only a total of 32 apes have laser eyes while 107 apes wear shades.
The rarity tiers of each ape are as follows:
Common Chimps: Tier 1 (500 NFAs) — Most common
Original Orangutans: Tier 2 (250 NFAs)
Alluring Apes: Tier 3 (150 NFAs)
Prime Primates: Tier 4 (70 NFAs)
Magic Monkeys: Tier 5 (30 NFAs) — Most rare
ApeSwap is an AMM and Decentralized Exchange (DEX) on the Binance Smart Chain. ApeSwap has seen their locked value rising recently, especially after the release of their Sonic Boom fastrack launchpad product, inspiring more creators and developers to work with the project.
Source : bsc.news
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