A Twitter (NYSE:) post by the DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica revealed his purchase of an NFT from the Bored Ape Yacht Club collection on January 3. Bored Ape Mihai purchased #1112, for which he spent a staggering 80ETH, or $304 000.

His announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society collection. This event, which will take place on January 17, will see the debut of V2 Marketplace.

Mihai claims that his first purchase in the BAYC line was his act of support for NFTs. He believes it is the right time to get involved in the BAYC movement before the launch the DYP NFT collections.

The BAYC Collection has made a strong name in the marketplace, boasting some of the most sought-after pieces. The collection’s sales have exceeded $500 million according to Dune Analytics.

There are 10000 Bored Ape NFTs in the collection, some of which sell for as much as 700 ETH. He is one of many people who invested in BAYC. Other notable figures include Eminem and Snoop Dogg.

Collection from the Cats and Watches Society
The Cat and Watch Society is a product of the DYP protocol. It leverages the Binance Smart Chain network and blockchain support. PAW will include 10 000 cats, each with 182 traits, so anyone interested can choose, such as color, watch, clothes and more.

The protocol is designed to avoid any bias in the sale. It will guarantee that each PAW NFT sold at the same price, that is $250 for every Cat. Price tiers are eliminated to eliminate price variations.

You can only own a cat and get exclusive member-only access, such as access to the market and Society Account. To complete the transaction, however, you will need a Metamask wallet. Additional rewards for Cat owners include 20% from the minting fee and 10% of selling fees, as well as an additional 20% from weekly sales.

DYP could be next big thing in NFTs
DYP is taking advantage the NFT markets greener pastures to benefit crypto enthusiasts with its team. It may appear like a hasty decision from its founder but it is an indication of his faith and belief in this sector.

Additionally, the Cats and Watches Society Collection could provide more investment opportunities. It has managed to embed its roots in the DeFi sector, providing lucrative yield farming opportunities and protecting investors against market manipulation.

This collection aims to communicate novelty with its NFTs and offer watch lovers a way to get the best out of trendy elements. The PAW Collection has a lot more potential.

Cryptoverse users can look forward to more. Soon they will be able to expect a play-to earn opportunity for holders and PAW staking options. Watch minting is free as well. These and its market will make DYP a key part of the future NFT market.

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