The company behind the popular Bored Ape Yacht Club project, Yuga Labs, has announced the release of its new NFT collection called HV-MTL. This collection of 30,000 Sewer Pass "Evo 1" robots will grant access to future games and content.
To acquire a HV-MTL NFT, Sewer Pass owners must burn or destroy them in a process called "summoning" in exchange for the mechanized robots. On the secondary market, HV-MTL NFTs are selling for around $4.3 million, with a minimum price of 2.7 ETH each.
Yuga Labs has also been involved in the NFT gaming world. Recently, the company launched the racing game Dookey Dash, in which players compete using Sewer Passes as fuel. Esports player Kyle "Mongraal" Jackson won the inaugural race and sold his key NFT for $1.63 million to Adam Weitsman.
While excitement for the new NFT collection has been high, there have been some glitches. Some collectors complained of problems with HV-MTL metadata and missing "companion" traits. Yuga Labs has promised to resolve these problems.
However, collectors should exercise caution in this market. Scammers posing as Bored Ape Yacht Club have been distributing malicious website links to trap would-be collectors. As NFTs become increasingly popular, it is important to be aware of the risks and take precautionary measures.