Yuga Labs’ Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours

By Sharan Kaur Phillora

Last week, Yuga Labs released its Sewer Passes, a new non-fungible token (NFT) project within the Bored Ape Yacht Club ecosystem. Sewer Pass netted $1.3 million in trading volume one hour after its launch and has amassed over $6 million worth of ETH four hours after the launch. 

Here’s what we know:

Holders of Bored Ape Yacht Club (BAYC) or Mutant Ape Yacht Club (MAYC) NFTs were eligible to claim a free Sewer Pass, which is required to play a skill-based game called Dookey Dash. Players can play Dookey Dash from January 19 to February 8, and scores will be part of a broader narrative experience called “Chapter 1” at a later date. The Sewer Passes were divided into four tiers based on if the holder also holds a Bored Ape Kennel Club NFT in their wallet.

Yuga Labs blacklisted at least four marketplaces that don’t mandate NFT royalties in its newest NFT drop, Sewer Pass.

Sewer Pass includes coding that blocks NFT transactions from wallets belonging to Blur, SudoSwap, LooksRare and NFTX, according to Simon Cousaert, The Block Research’s Director of Data. LooksRare and Blur have an optional royalty system, and NFTX and SudoSwap also don’t honor royalty payments.

Yuga Labs decided to enforce a 5% creator royalty fee on OpenSea for secondary resale of the Sewer Passes.

The new video game called Dookey Dash is exclusive to BAYC members. The game follows the story of an ape named Jimmy who accidentally creates a hole in the space-time continuum with his atomic feces, and another ape named Curtis, who is given a mysterious locked box. The key to the box is inside Jimmy’s stomach, and players must navigate through a sewer to retrieve it.

The game will save player scores on a leaderboard, but the process is complicated as scores are tied to the combination of the Sewer Pass and the player’s wallet. If the Sewer Pass is traded, the score will be lost, but if it returns to the original wallet, the score will be retained. Each Sewer Pass can only have one score associated with it.

About the author

Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.

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