Yuga Labs has launched Mudwater, a physical and digital trading card collection built around Bored Ape Yacht Club (BAYC) artwork, with claims open to holders of Bored Ape Yacht Club and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs). The collection features 120 artworks, including foil, serialized, and rare cracked-ice editions, and production has been capped at 10,000 boxes.

BAYC ranks among the most widely recognized NFT collections. According to announcements fromuga Labs and the Bored Ape Yacht Club on X, Mudwater connects physical collectibles with blockchain-based ownership, bringing BAYC artwork into a trading card format while using Solana, a blockchain network, to support its digital component. The announcement was posted on X on October 17, 2026, and reported by Blockonomi the following day.

Mudwater is live. A new physical and digital BAYC collection on Solana, claimable now by all Bored Apes and Mutant Apes. Claim:
— Yuga Labs (@yugalabs) October 17, 2026

How the Mudwater Claim Process Works

Eligible holders can claim packs through airdropped Totems, which enable access to the collection. The Totems serve as the access mechanism, while the announcement directs eligible holders to a claim link shared on X. Each BAYC NFT qualifies its holder for 10 packs, while each MAYC NFT provides two packs. Every pack contains 10 cards, meaning eligible collectors receive different allocations depending on the number of qualifying NFTs they hold. For example, a holder of one Bored Ape and one Mutant Ape would qualify for 12 packs, or 120 cards, in total.

120 Artworks, Including Eight Serialized One-of-Ones

The collection includes 120 artworks alongside foil, serialized, and cracked-ice editions, adding multiple rarity tiers to the set. Eight cards are designated as serialized cracked-ice 1/1s, making each a unique edition within the collection. Foil parallels, serial numbers, and one-of-one editions mirror the rarity conventions long used in traditional trading card collecting, and Mudwater applies that structure to BAYC artwork.

Yuga Labs also confirmed that the cards are printed by OCAP Games using its orange core paper. This physical component gives collectors tangible items alongside the collection's blockchain-based assets.

The launch extends the BAYC ecosystem beyond its original NFT format. Rather than limiting ownership to digital profile pictures, Mudwater introduces physical cards that collectors can trade alongside their associated digital assets.

How Mudwater's 2.5% APE Token Mechanism Works

Mudwater's token mechanism links secondary-market trading activity to purchases of APE, the token associated with the Bored Ape ecosystem. According to the Bored Ape Yacht Club, 2.5% of card trading volume goes toward buying APE tokens. Those tokens are then distributed among collectors in proportion to their holdings of the Mudwater collection, creating a connection between card ownership and the project's trading activity.

For example, a collector holding a larger share of the collection could receive a proportionally larger allocation of the purchased APE tokens. Actual distributions depend on the mechanism's terms and the volume generated through eligible trades.

The arrangement differs from a conventional collectibles market, where resale activity does not automatically provide token distributions to holders. Mudwater instead incorporates a token-based reward mechanism into its trading model.

Trading on OpenSea, With Rewards Tied to Market Activity

Totems, packs, and cards are available to trade on OpenSea, an NFT marketplace, according to the announcement, giving collectors several ways to participate in the collection. However, the available information does not establish how much trading volume the collection will generate or how large future APE distributions might become. The pace of Totem claims and the volume of eligible trades on OpenSea are therefore the practical variables to watch, since actual distributions depend on the mechanism's terms and trading activity.

For NFT collectors and APE holders, the launch introduces another way to participate in the BAYC ecosystem. Its central proposition combines physical collecting, Solana-based digital assets, and trading-linked APE distributions, with actual rewards dependent on market activity. Eligibility, pack allocations, and the reward share were all set out in the launch announcements from Yuga Labs and Bored Ape Yacht Club.