BAYC Sees Soaring Transactions After New Game Dookey Dash Reveals

BAYC’s Dookey Dash game

Ethereum’s representative NFT (non-fungible token) collection “Bored Ape Yacht Club (BAYC)” announced the release plan of the new game “Dookey Dash” on the 12th.

Dookey Dash has a reward according to the score, and its use requires a dedicated NFT distributed to holders such as BAYC. In addition, the items acquired in Dookey Dash will affect the upcoming game “The Trial of Jimmy the Monkey”, so the demand for BAYC-related NFT collections necessary to acquire exclusive NFTs is increasing rapidly.

Relation:BAYC releases new products for Christmas

Apes, stretch your eyeballs and warm up your scroll muscles — lots of new info about next week. Short version: monkey butthole, Sewer Pass January 17, skill-based mint begins January 18, new power sources. Video explainer coming soon, more at https://t.co/h8JXeLkC57, and the pic.twitter.com/bF1h2qAXrM

— Bored Ape Yacht Club (@BoredApeYC) January 12, 2023

Dookey Dash is a “Sonic the Hedgehog” style game that can be played on a web browser. Operate a high-speed scooter in the sewers and compete how deep you can go without hitting obstacles. The game will be released from January 18th to February 8th, and top rankers can earn rewards called “keys”.

“Sewer Pass” NFT is required as a condition for playing Dookey Dash. Sewer Pass is an NFT that can be obtained (free mint) for a limited time (January 17th to February 8th) only for holders of BAYC and its sister project “Mutant Ape Yacht Club (MAYC)”, secondary distribution You can also buy it on the market.

Sewer Pass NFT has four tiers (hierarchies) according to the amount of BAYC owned, etc., and there are benefits such as bonuses added to the game score.

Sewer Pass NFT can be transformed by playing the game even once. In addition, since there is a function to power up the performance of the machine with BAYC’s ecosystem token “Ape Coin (APE)”, confirmation is required when purchasing at NFT electronic markets such as OpenSea.

Impact on NFT price

Bored Ape Yacht Club (BAYC) is an NFT issued on the Ethereum (ETH) blockchain with 10,000 monkey portraits designed for profile pictures. BAYC, which was released in April 2021, is the top collection in the NFT market with a total trading volume of 335 billion yen according to CryptoSlam (at the time of writing).

BAYC’s trading volume increased by 110% YoY and MAYC’s by 78% YoY after the announcement of “Dookey Dash” release plan. MAYC, which has a relatively affordable price range, is trading more, and the 24-hour trading volume of 540 million yen exceeds BAYC’s 380 million yen. The trading volume of Bored Ape Kennel Club (BAKC), which influences the tier of Sewer Pass NFT, was 420 million yen (up 134%).

Source: CoinGecko

BAYC’s floor price (minimum purchase price) was as low as 7.7 million yen (just under $60,000) in November 2010, when the bankruptcy of the crypto asset (virtual currency) exchange FTX was revealed. It recovered to a level of about 13 million yen (+14% from the previous week). The floor prices of MAYC and BAKC are 2.9 million yen (+7% YoY) and 1.6 million yen (-2% YoY), respectively. Apecoin (APE) is up 15% week-on-week.

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