Cartoon NFT sets have become famous and gained popularity as many people want to invest in these unique characters. The Mutant Ape Yacht Club NFT and Toon Finance Protocol are two examples of this. As an investor, you might have heard of the two.
However, Toon Finance is the latest addition, and many Mutant Ape Yacht Club (MAYC) NFT holders are moving towards Toon Finance. Of course, you might be wondering why that is. Here is a complete guide to help you understand.
What Is The Mutant Ape Yacht Club NFT?
Let’s first understand what the Mutant Ape Yacht Club NFT is, as it will help you understand why people are moving away from it right now. MAYC is just an extension of the NFT collection of the Bored Ape Yacht Club (BAYC). It contains twenty-thousand unique digital art images of Mutant Apes.
Keep in mind that when the collection came out, half of it was sold in a public auction. However, the remaining collection was created by the holders of the BAYC NFTs. The mutant apes that come from the bored ape have the original characteristics but with some mutations.
It was one of the first collections of this kind that rewarded a community of existing NFT holders with a free and new NFT. The MAYC was launched in 2021, and it raised ninety-six million dollars within an hour of launching.
The Creation Of The Mutant Ape Yacht Club NFT
It is crucial to understand the MAYC NFT and how it was created. Firstly, BAYC was the first one to come out, and it was an idea by four friends that they executed. These friends formed Yuga Labs, LLC, to manage the project, and the collection was released in April 2021.
After that, the MAYC Collection was released in August 2021. As soon as it launched, it was a public sale of ten thousand mutant apes. Besides that, it also included an airdrop of mutant serum vials for everyone that owned a Bored Ape.
The airdrop allowed the owners to get a mutant version of the Bored Ape. This is how the collection became incredibly famous, and the launch was highly successful.
How Does The MAYC NFT Work?
Now that you know what the MAYC collection is, you should also know how it works so that you can make an informed decision. The MAYC includes 20,000 NFTs, half of which were sold to the public. They also airdropped 10,000 mutant serum vials, which come in three sizes M1, M2, and Mega Mutant.
The aim is that you have to inject the mutant serum vial in the Bored Ape to create the Mutant Ape version. If you use the M1 or M2 serum and inject it into the ape, then it will have features similar to the Bored Ape. On the other hand, if you use the Mega Mutant serum, then it will be unique to the Bored Ape and can even have rare features.
Why Are MAYC NFT Holders Moving To Toon Finance Coins?
After reading what MAYC has to offer, you might be pumped up to buy one of these. However, many holders of this NFT are now moving towards the new Toon Finance coin. There are many reasons for this, and some of them include the following:-
Affordability
One of the top reasons why MAYC NFT holders are moving towards the Toon Finance coin is that the MAYC NFTs are expensive. You can expect to spend more than $40,000 on the digital ape. You will have to pay a high price, and this risk might not be worth it in the long run because you don’t know if you will get a high return on it.
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On the other hand, it is easy to purchase the Toon Finance coin because it is affordable, and the presale rate is not that high. You can become a part of the project from its early stages and reap the benefits for a long time. So, if you don’t have tens of thousands of dollars, you can also move towards the Toon Finance coin.
Potential
The MAYC NFT collection came out last year, and it was successful in no time, which increased the prices. Of course, this also meant a high barrier of entry for people that wanted to become a part of this project. On the other hand, Toon Finance coin is a new project with a lot of potentials you can explore.
The barrier to entry is low because of the presale rate and the ease of accessibility. You can purchase the meme coin from the website and become a part of their community in no time. This is also one of the reasons MAYC NFT holders are moving to Toon Finance, as they want to invest in something with growth potential.
Future Of DeFi Space
The NFT marketplace is highly volatile as new platforms and collections emerge. The MAYC NFT was a big rave when it came out, but the excitement has died down. Now, the future of DeFi space is the Toon Finance coin.
The Toon Finance Protocol is a decentralized platform that will allow users to exchange cryptocurrency, trade NFTs, and much more. One of the best things about this protocol is that you can do what you like while remaining anonymous and safe. You will not have to give out your personal information.
Besides that, there are no agencies or financial institutions that have to approve your financial transactions in this space. As a user, you have the authority over what you want to do.
Even MAYC NFT holders want these benefits, which is why they are shifting towards the Toon Finance coin. So, if you want to be part of the future of the DeFi space, then you need to opt for the Toon Finance coin and become part of the community from the early stages. However, many other upcoming crypto presales also have the potential to grow in the future, and investors must know about them before their next price increases.
Unique NFT Characters
The MAYC is an extension of the BAYC, which is why the collection is not as rare as it may seem. You inject the bored apes with the serum, and you get a mutated version of the same ape. This is the reason many people are moving from the MAYC NFT to the Toon Finance coin.
The Toon Finance project offers ten thousand unique NFT characters that you can choose from. The best part is that you can use these characters in the metaverse and the gaming platform of the project. So, if you want to be part of the Toonverse, then you can also get your hands on the coin and the unique NFT characters.
Security And Anonymity
Perhaps one of the best things about the Toon Finance Protocol platform is that it will give you complete anonymity and security. You don’t have to give out your personal information to the platform, as there is no central authority regulating the transactions. As a user, you will have complete authority over what you want to do on the platform.
This is why many MAYC NFT holders are moving towards the Toon Finance coin. The platform offers incredible ease that allows them to conduct financial transactions without worrying about giving away their identity. So, you can even opt for the Toon Finance protocol platform and benefit from this.
Community-Driven
All of us want to be part of a community and belong somewhere, be it in the digital world or the physical world. The Toon Finance protocol is a community of users that drive this platform and the NFTs. MAYC NFT holders are flocking to this coin because it gives them a chance to become a part of the community and has control over their decisions.
If you also want community along with some control, then you can become part of the Toon Finance presale. You can find the roadmap on the website and decide whether you want to be a part of it or not.
Ease Of Purchase
Finally, it is easy to purchase the Toon Finance coin from the platform. All you have to do is load your wallet with some ETH, and you can purchase the coins from the website. We recommend that you opt for a safe and secure wallet that will ensure you can conduct the transaction without any issues.
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MetaMask is perhaps the best wallet for this, and you can download it to purchase ETH. Then, get the Toon Finance coin in no time.
Final Thoughts
That was your complete guide to understanding why MYAC NFT holders are moving towards the Toon Finance coin. It is the latest coin in the market with the greatest potential, and you can also explore it if you like. All you have to do is visit the official website, and you will get every information possible.
So, be part of the future of the NFT community and make the most of your NFTs. Once you do, you will reap the rewards for a long time.
