Dec. 20, 2022 / Coinscribble - Juno, the banking app for crypto natives, is launching a first-of-its-kind special NFT auction, called Juno Drops. On the roster is one exclusive Mutant Ape Yacht Club (MAYC) and three Otherside NFTs, which are collectively worth over 17ETH.

With a lifetime trading volume of 470,00 ETH, MAYC from Yuga Labs is one of the most sought-after NFT collections in the world. Its sister collection, the Otherside, is an independent metaverse, where the Otherdeed NFTs can be converted to actual gaming characters, access other experiences in the Otherside, and be a part of an open-world game.

While the MAYC and Otherdeed NFT auction is open to all, bidding can only be done using JCOIN, which is Juno’s in-app rewards token.

What is JCOIN? It is an ERC-20 token of Juno’s tokenized community-first, loyalty program. Think of it like an AMEX rewards program but all on-chain. Juno checking account holders (members) earn JCOIN for completing certain core actions like spending with their Juno card or inviting friends onto the platform. So if you are not a Juno member yet, you can still participate in the auction by signing up and collecting JCOIN.

Juno has also created a public treasury worth over 50ETH of high-quality NFT projects based on their cultural impact, lifetime performance, and their ability to create new utilities for web3 natives. So far the treasury includes MAYC, Memeland (9GAG), Adidas Originals, Azuki, Doodles, Kaiju Kingz, and more.

The Juno team plans to conduct a special NFT drop every month and auction the world’s most sought-after NFTs as a celebration of the vibrant world of digital art.

Each drop will have one or more NFTs from the Juno NFT treasury. Bidding for the first drop starts at 50K JCOIN for the Yugaverse collection. The highest bidder at the end of 3 days will win the auction and claim the drop.

With such a diverse selection of NFTs on offer, this will surely be an event that no NFT and web3 enthusiast will want to miss. Mark your calendars and get ready to bid at the world’s greatest NFT auction.