PUNKS Comic #2 is a special part of Pixel Vault’s history as it marked the company’s partnership with adidas and the Bored Ape Yacht Club. Within the comic, 8 Bored Ape characters, collectively known as the Elite Apes, were brought to life, and also onto the covers of limited edition comics (750 supply of each). The backstory of the Elite Apes’ partnership with Pixel Vault, makes PUNKS Comic #2 even more special.
The 8 limited edition Elite Ape covers for PUNKS Comic #2
Elite Apes
In June 2021, shortly after releasing PUNKS Comic #1, Pixel Vault held a bracket style competition called Ape Madness:
the Bored Ape Yacht Club community to submitted names and backstories of their Apes
Pixel Vault narrowed down the submissions to 64
PUNKS Comic #1 holders voted on their favourites over 3 rounds, ultimately leaving 8 winners - the Elite Apes
The results from the 2nd round of the Ape Madness bracket
Elite Ape Entry Coins
For the release of the Elite Ape Collector's Editions, Pixel Vault created a new drop mechanic - an on-chain queue system. It created a fair opportunity for all those within the Pixel Vault and Bored Ape Yacht Club ecosystems to participate without any gas wars, despite the limited supply.
In short:
Pixel Vault allowed holders of Pixel Vault and/or Bored Ape Yacht Club assets to claim up to 3 Elite Ape Entry Coins
The minting of the comics was designed to take place in stages. Each coin held represented an entry into a raffle, which determined the stage in which an Entry Coin holder would be able to mint
During the minting process, collectors could choose whichever comic they wanted, on a first-come-first-serve basis. To mint, they needed to burn their Entry Coin
Collectors had many decisions to make, e.g.
did they want to increase their odds of minting by purchasing additional Entry Coins on secondary markets?
or did they prefer to sell the Entry Coins and give up their chances of qualifying for the mint?
given the opportunity to mint, which cover should they choose?
Outcome
The original 19,328 supply of Entry Coins has been reduced to 13,328
6,000 Entry Coins were burned to mint the 6,000 Elite Ape Collector's Editions
