Elrond Apes NFT Collection Sells Out in Record Time on MultiversX

Elrond Apes is a collection of 10,000 unique 3D ape NFTs built on MultiversX. The project sold out in just 45 minutes during its initial mint at 0.8 EGLD per unit, raising approximately $1.7 million.

Holders of Elrond Apes receive governance voting power and access to the EAPES token on xExchange, among other benefits. The project's utility has evolved over time, with the current ecosystem including the EAPES token on xExchange and an EAPES validator.

Morningstar Ventures, a Dubai-based blockchain investment firm behind projects like Holoride and Itheum, provided support for Elrond Apes after the initial mint through an open-market purchase of several hundred EAPES and a capital injection.