Bored Ape Yacht Club has released Shilly: The Access Passes, a new NFT collection which sold out in mere minutes on OpenSea.
Fans were not expecting that the non-fungible tokens would sell out so fast, many feeling angry and short-changed as a result, blaming the marketplace and the collection for their failure to carefully plan the mint.
BAYC’s new collection included access passes split into ‘backstage’ and ‘general admission’ categories, enabling collectors to co-create music with Shilly. OpenSea data showed that the NFTs were set to become available on the allowlist at 11 AM Eastern Time. By the time of the public sale, users found out that the collection sold out in mere minutes.
Shilly’s manager, Schwaz, tweeted that morning that they have over-allocated spots, advising users to be at the auction early. The collection had 3,500 tokens at an initial price of 0.05 ETH or USD 80. Right now, the floor price doubled.
Users took to Twitter and Discord to vent about their unsuccessful experience of participating in the mint, complaining that the auction was over-allocated. Other complains included high gas fees and glitches that prevented them from minting.
The primary drop was done on OpenSea, a feature rolled out by the marketplace in September 2022.