The NFT space can present a formidable challenge for those looking to establish themselves in the industry. So, we caught up with Antonio Mongiellothe CEO and co-founder of the hugely popular Bulls and Apes Project to get an idea of how to run a major NFT platform.
In this article, we discuss the ins and outs of his own Bulls and Apes Project, as well as his thoughts on the broader implications of NFT technology. So grab a cup of tea, sit back in the comfortable chair, and find out what’s on the mind of a Web3 CEO.
What is the Bulls and Apes Project and what makes it special?
Bulls & Apes Project is a community-driven digital collection company creating technology solutions that leverage decentralized blockchain platforms to give power and control to digital asset owners. We are focused on building and growing together with the BAP community, while creating a world of infinite opportunity by empowering those communities to build worlds where they can live their best life.
What was the inspiration behind the collection?
We wanted to create a collection that would resonate with people joining the web3 space. For us, a Bull charging with power and a Monkey leaping with reckless abandon captured the essence of those who leap into the uncharted territory known as Web3.
What does the latest ‘Apes’ release add to the Bulls and Apes Project?
In our tradition we have a Creator character, who created the Bulls as a masterpiece. The Bulls lived in harmony, but they weren’t realizing their true potential. There was no tension, no conflict to drive them forward, which in turn stifled their progress. Realizing this, the Creator brought in the Monkeys to create the required tension and conflict, and push the Bulls to new levels. Some apes joined the bulls and lived together as friends. For our community and our company, Apes take us beyond the traditional PFP collection to a dynamic NFT (dNFT) collection. But, we’re not just launching a collection of dNFTs, we’re launching an ecosystem and set of products that will change what it means to offer NFT utility,
How does the use of dynamic NFTs improve the experience for NFT holders?
dNFTs bring power, control and creativity to digital identity holders, especially for our collection. We have delivered a comprehensive ecosystem with over 1000 traits and trillions of combinations available, with many more traits to be released. Our ecosystem provides the opportunity for our collection to evolve as demand and tastes evolve, ensuring holders will have a constant stream of choice and fun to keep their NFTs fresh and exciting.
What are Bulls and Apes loot boxes and how do they work?
Loot boxes are another product in the Ape suite of products. We have 6 starter products: The Configurator, Loot Boxes, Tokenomics, Dynamic Rarity, Achievements, and Formulas. Loot boxes are the main mechanism for holders to unlock new traits in their wallet. As such, we have Common, Epic, and Legendary loot boxes. Common loot boxes are opened with our erc20 token, $METH, which can be earned by owning Bulls and other assets, or purchased on our website. Epic and Legendary loot boxes are opened with eth, however even common loot boxes have a chance to reveal an epic or legendary trait. With the Loot Box mechanic, it’s like a mint every day, you never know when you might get a super rare gold trait.
How do you see the evolution of the project in the coming years?
We are a company focused on relentless delivery. We delivered an incredible amount during our first year in business and plan to expand that further in 2023. In addition to delivery, 2023 will be a year of brand expansion as we are working both inside and outside of the NFT space to build Partnerships and make BAP and well-known brand. In addition, we have IP that has multi-generational appeal, which we tested with 8 story chapters and a storyboarded narrated video that has been well received. The Next Test is a physical trading card game that is currently in development.
How will you continue to interact with the holders of the Bulls and Apes project?
Constantly. The beauty of web3 is having a community that you can build side by side with, but that comes with enormous responsibility. Even if you go back for a week or two, you can still feel the emptiness. Attention spans are short and patience is low, so it’s critical for a founder to be approachable and present.
Which faction do you prefer Bulls or Apes?
Bulls, I am loyal and they were the first.
Do you think NFTs have the potential to change the world?
That is why I am here. I left a very successful career in the corporate world to be here full time. In essence, blockchain is a technology that can and will bring opportunity, power and control to so many that were limited by gatekeepers and intermediaries. Think of the bankers, lawyers, agents, producers, politicians and the list goes on, who have power and control because they are the gatekeepers and intermediaries. What gives them that power is access and control over the assets we “own.” In the future, the blockchain will remove that burden as it is public and permissionless, leaving you in full control of your assets. This is too important to society to NOT include it all. In this space, founders are stewards who help establish a framework in which incumbents will thrive. That is why I am here.
Learn more about the Bulls and Apes project >> Here
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Decentralized Human, Explorer, Adventurer.
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