After a three-week competition, pseudonymous gamer Mongraal won Yuga Labs’ Dookey Dash video game. His award? An NFT he promptly sold for a whopping $1.6M.
Mongraal sold the “golden key” NFT to New York businessman and Bored Ape holder Adam Weitsman for 1,000 ETH, which was trading at about $1,600 at the time of sale.
Yuga Labs is the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections, whose individual pieces have occasionally sold for millions of dollars.
The sale of the golden key is proof Yuga is still a hit-maker — although Yuga Labs has yet to say what exactly its holder is entitled to.
More than 25,000 people played Dookey Dash, according to Yuga Labs, racking up a cumulative 706,000 hours of gameplay.
While the game is a simple “endless runner,” a la Temple Run, in which the player attempts to survive a never-ending obstacle course for as long as possible, Yuga Labs created a backstory that will continue to play out via subsequent games and events in the coming weeks.
In other Yuga Labs news, the company announced the launch of its first-ever Bitcoin-based NFT collection, TwelveFold.
The 300 generative pieces were created in-house by the company’s art team “using 3D modeling, algorithmic construction and high-end rendering tools.”
NFTs have long been found only on smart-contract-enabled blockchains such as Ethereum and Solana. But they were made possible on the Bitcoin blockchain by the release in January of the Ordinal Protocol, developed by a former Bitcoin core contributor.
Yuga Labs collections often interact with each other. For example, only holders of Bored or Mutant Apes could mint the “Sewer Pass” NFTs required to play Dookey Dash.
TwelveFold pieces will not have any utility, nor will they interact with Yuga’s other, Ethereum-based projects.
TwelveFold pieces will be sold in an auction at an undisclosed time later this week, according to the company.