VAULT NAME

FISH Tank

FISH Tank

47 NFTS
Verified
Fraction sale live

Inside The Vault

Description

Mutant Cats is the first DAO that fractionalizes valuable blue chip NFTs including Cool Cats, CryptoPunks, BAYC and Fidenzas to be distributed to its members. Each Mutant Cat NFT earns 10 FISH/day from staking. View the full vault on OpenSea!

https://discord.gg/mutants

Collectable Supply

0 %

= 0

Implied valuation

Ξ ∞

≈ $332,340,806

Fractions

Curator fee

Unique owners

4579

See Top 10 Owners

Proof of authenticity

Auction / Bidding

Trade Fractions

Top 10 Vault Owners

The Analysis

Background

In 2017, Larva Labs released what is now widely recognized as the most iconic NFT collection: a set of 10,000 8-bit characters each randomly generated with unique, distinguishing features and accessories. None of the 24x24 pixel punks are alike. The most desirable types include Aliens (x/9), Apes (x/24), and Zombies (x/88), while certain accessories like hoodies and 3D glasses are fiercely sought after. Astute collectors will also value specific edge case rarities such as a specific number of attributes, among other nuanced valuation techniques.

Cultural Significance

Christie’s auction house is set to auction a collection of 9 Cryptopunks with the centerpiece being #635, an Alien with a bandana and sunglasses. Notably, this is also the only Alien with a sub-1000 series number. Conservative projections for the auction estimate the value to be between $7M to $9M. Not to be outdone, Sotheby’s is mirroring its rival by planning its own Punk auction. #7523, an Alien punk with a mask, beanie, and earring is one of the most desirable Punks in existence and set to sell in an auction setting in June.

Macro

Cryptopunks are one of the few projects to transcend the crypto space into the traditional art world. In May 2021, Christie’s Auction House turned heads by featuring a lot of 9 Cryptopunks. Headlined by Punk #635, an Alien with a bandana and sunglasses, the package sold for nearly $17M USD, drastically outperforming previous appraisal estimates of $7M-$9M. A month later, auction house competitor Sotheby’s, featured its own Alien auction: Punk #7523. This alien with a facemask and beanie hat, sold for $11.8M, breaking the record for any single punk sale. These auctions confirmed the acceptance of NFTs as an integral part of traditional art coverage.

Metrics

Totalling sales of over $400M USD, Cryptopunks is one of the highest volume NFT sets. In March of 2021, Cryptopunk #7804, an Alien with a pipe, broke the record for highest sale for 4,200 ETH. The highest recorded non-Alien sale was ape #6965, also more commonly known as the fedora ape. This rare ape sold for 800 ETH in February of 2021. Recently, several 800+ ETH bids for apes have been rejected. On 7/5/21, Punk #6297 broke the sales record for most expensive Zombie with a price of 520 ETH. As of July 2021, the lowest price Cryptopunk on the secondary market is priced at approximately 20 ETH.

Risk

Cryptocurrencies are inherently risky, and emerging asset classes like NFTs are no exception towards the rule. In fact, as a whole, this asset class may carry even higher volatility than other crypto assets. While the NFT space has seen strong momentum, that may not always be the case; research accordingly and proceed with caution.

NFTs inside the vault

47

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 18026

Damien Hirst
Verified NFT

Kids can look at you

CryptoPunks
Verified NFT

W#9610

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 20734

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 24014

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 20674

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 27578

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 21070

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 10150

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 21612

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 18326

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 9839

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 9769

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 9433

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 9253

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 8319

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 7641

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 7462

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 7031

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 6541

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 6476

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 6419

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 6304

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 5409

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 5330

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 3968

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 2900

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 2446

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 2308

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 1169

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 370

Mutant Ape Yacht Club
Verified NFT

Mutant Ape Yacht Club 115

Cool Cats
Verified NFT

Cool Cat #8292

Cool Cats
Verified NFT

Cool Cat #7328

Cool Cats
Verified NFT

Cool Cat #7018

Cool Cats
Verified NFT

Cool Cat #6924

Cool Cats
Verified NFT

Cool Cat #4459

Cool Cats
Verified NFT

Cool Cat #4441

Cool Cats
Verified NFT

Cool Cat #3217

Cool Cats
Verified NFT

Cool Cat #2285

Cool Cats
Verified NFT

Cool Cat #2165

Cool Cats
Verified NFT

Cool Cat #1347

Cool Cats
Verified NFT

Cool Cat #957

Artblocks
Verified NFT

Fidenza #30

BAYC
Verified NFT

Bored Ape Yacht Club 8613

BAYC
Verified NFT

Bored Ape Yacht Club 7024

BAYC
Verified NFT

Bored Ape Yacht Club 4866

Token Stats

Choose a single NFT if you want your collectible to be one of a kind or select multiple if you want to fractionalize a basket of multiple NTFs.

1 ETH ≈ 12791.030303265832
1 ≈ 0.000078179785075224 ETH

TVL

$402.8K

↓ -14.08%

Daily Volume

$24.5K

↓ 0.31%

Tx Count

18

↓ 0.23%

Collecting activity tooltip icon

Daily Volume
TVL
Tx Count

Frequently asked questions

Answers to the top questions asked by the fractional community.

Who is the custodian of a vault?

There are no custodians and vaults are fully decentralized, audited smart contracts.

What are the curator fees?

Curator fees are similar to an asset under management fee. Annually, a curator will earn a percentage of the total ownership token supply. These fees are set by the vault’s curator, but restricted by governance to prevent inordinately high fees.

What is the reserve price?

The price (in ETH) required to initiate an auction for a vault and its NFT(s).

What is a buyout?

A buyout can happen when there is an external party who deposited ETH that is greater than or equal to the reserve price. This will kick off an auction. At auction completion, the NFT will be withdrawn and fractional owners will be able to trade in their tokens for ETH.

How is the reserve price set?

The reserve price is set by the weighted average of all ownership token holder votes. If less than 50% of token holders have voted, a reserve price will not be set. Token holders cannot set a reserve price greater or less than 5x the current weighted average.

What is an auction?

An auction is a public sale of a vault and all its contents, which is triggered when someone deposits and offers an amount of ETH greater than or equal to the vault’s reserve price. The individual offering the highest price at the time the auction completes wins the buyout.

What happens to fractional owners after a successful auction and buyout?

Once completed, fractional owners are able to trade all their ownership tokens in for the ETH that was deposited by the auction winner on a pro rata basis. The ownership tokens that are traded in for the ETH are then burned by governance.

How do I learn the status of a vault?

The status of your vault is indicated by the tags (e.g., ‘Live Auction’) that can be found underneath the vault’s name.

What do the different vault tags mean?

A ‘normal’ tag indicates a vault exists and its ownership tokens have been minted. A ‘live auction’ tag indicates a vault is currently being bid on for its contents. A ‘closed’ tag indicates that a vault has been bought out.

What is the visual representation of the tokens/fractions?

Fractional ownership is represented through ERC20 tokens, there is no accompanying visual representation of the specific ownership tokens.

Does fractional support ERC-1155 tokens?

Currently only ERC-721 tokens are supported for fractionalization. Support for ERC-1155 tokens is planned for a later date.

Protocol Decentralization

Fractional plans to progressively decentralize the protocol to ensure long-term resilience & upgradability.

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