Harambe-themed space gorillas and Bored Ape Yacht Club NFTs are both making appearances inside the upcoming RFOX VALT metaverse.
While the former has yet to mint anything, the latter has an actively traded collection of 10,000 different characters. Bored Apes live on the Ethereum network, but by leveraging the Apes’ commercial rights, the KOGs Mint Lab is bridging them over to the WAX blockchain.
Not long ago, RedFOX Labs purchased Bored Ape #5503. But the purchase wasn’t selfish or intent on waiting for the Ape’s ETH price to rise. Instead, possessing an Ape allows RedFOX to give BAYC members the chance to provide their NFT with utility while potentially making an income.
First, let’s go over the utility aspect, and then we’ll talk about all of those sweet gains.
Apes that play blockchain games
KOGs: SLAM! has been in its development cycle since 2019. It began life on a different chain altogether before landing on the fast and virtually free WAX blockchain.
And while the game has been chugging along in the background, the 1st edition of KOGs NFTs launched in August 2020. Since then, collectors have assembled sets and staking them for $RFOX rewards whenever the staking windows are open.
Inside KOGs: SLAM!, players use the NFTs from their personal collections to challenge other players. So, rather than just staring at an NFT as a Twitter profile pic, KOGs let you put your assets inside a game to have fun with them.
Some KOGs come out of packs, while others are auction-only. More still can only be earned from playing the game. This means that if anyone holding a Bored Ape chooses to use the KOGs Mint Lab to create new assets, they can use them inside the upcoming blockchain-powered mobile game.
In addition to using Bored Ape KOGs in-game, they can be put up for sale or auction on AtomicHub. So far, those Apes have done very, very well for themselves.
Apes with a profitable side hustle
Utility is one thing, but making those dollars is another altogether. Got a Bored Ape? You don’t have much to lose by testing out the KOGs Mint Lab.
The price to mint 5x Bored Ape KOGs is 0.1 ETH, and BAYC members can create only 5x assets per month. Those who are taking advantage are crushing it like a banana in a blender!
The 0.1 ETH minting fee, plus gas, is roughly $500 at today’s ether prices. But in exchange for that outlay, BAYC members are raking in thousands of dollars. For example, the first minting of 5x Bored Ape KOGs netted a cool $18,000!
Subsequently, in only 7(!) days, another $20k came rushing into the KOGs ecosystem. Better yet, half of those funds are going towards buying and burning floor-priced KOGs, elevating the value of the remaining supply.
Do you hold a BAYC NFT? Go put it to work in the KOGs Mint Lab!