Did the “We’re All Going to Die” NFT collection purchase and burn a Mutant Ape Yacht Club NFT just for the fun of it? Or is there more to the story?
On Tuesday, the “We’re All Going to Die” (WAGDIE) NFT collection bought and burned a Mutant Ape Yacht Club (MAYC) NFT. And what shocked NFT enthusiasts was that the WAGDIE NFT project didn’t burn a MAYC NFT by mistake.
The WAGDIE team even announced the burning of the MAYC NFT on its official Twitter account, showing the picture of the MAYC that was allegedly burned. It included a caption that said, “Let the ash of this creature become the start of her glory. The right of its power splayed out across the Ether. Long live her.”
The attached picture shows the MAYC NFT that the WAGDIE collection bought and burned. After the dust has settled, one question remains: why did WAGDIE burn a MAYC NFT?
Incidentally, burning happens when you want to destroy an NFT. When an NFT is burned, it is sent to a verifiably unspendable address, eliminating said NFT from the blockchain.
Why Burn a MAYC NFT?
It seems the WAGDIE team is aiming for out-of-the-box marketing tactics, and burning a MAYC NFT was part of such. The team openly acknowledges what happened, even posting an OpenSea transaction on Twitter showing it purchased a Mutant Ape and sent it to a burn address.
The WAGDIE team did catch the attention of many NFT collectors. However, what they garnered were adverse reactions. It was a MAYC that they burned, and like its “ape kin” Bored Ape Yacht Club (BAYC), it ranks among the much-coveted NFT collections.
WAGDIE purchased the MAYC NFT for Ξ 21 (or about $36,561 at the time of the transaction) only to make it disappear from circulation. To most NFT collectors, the action was irrational, and one MAYC holder even said, “They just burned a mutant ape to prove what? That they like burning money?”
No one has an answer to that question, but many NFT enthusiasts hope that what happened was a one-time lapse in judgment. It’s hard to see more of this happening, as it seems like a waste of funds.
If the WAGDIE team truly wants to build online hype, there are other ways to go about it that don’t include burning valuable NFTs.
On a side note, WAGDIE’s uncanny behavior caused the project to be delisted from OpenSea for a short while. And as a result, its floor prices dropped significantly. It has since been back on the marketplace’s listings.
Getting to Know the WAGDIE NFT Collection
Unlike other NFT collections that stormed the NFT space, there is little known about WAGDIE. Some believe this is exactly what the kind of vibe the team behind WAGDIE is aiming for—eerie and mysterious.
If you check out its OpenSea page, its description is brief and says, “No Website. Twitter and Contract Only. Free Mint.” Still, because the NFTs are CC0 copyright, its holders still get some benefit from collecting WAGDIE NFTs.
The WAGDIE NFT collection is comprised of 6,666 free-to-mint NFTs. As of the time of writing, the collection’s floor price on OpenSea is Ξ 1.399, or about $2,529.
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