// HUGOS 🐸

someone will pay 0.02 eth for this bored ape and when they do, all the accumulated game profits from previous draws get used to buy and burn $apeball

a design challenge with ApeBall was figuring out how to have high-value nfts into a pool while keeping the cost of each draw accessible FWA community pools use inverse value weighting to determine the odds of each item being drawn and draw price is based on the weighted value of the pool items this creates an interesting design problem one way to lower the draw price is to fill the pool with lots of nearly worthless nfts alongside a few expensive ones the cheap items dominate the odds, bringing down the cost of a draw, but you end up with an experience where most people receive almost nothing unless they hit the big prize i wanted to see how close we could get to the opposite: an affordable draw with high-value items, where all draws return real value and the expected return to players is as high as the economics can sustainably support enter: shapes shapes is an onchain artwork collection where each nft is backed by an exact amount of eth, where can be minted in different eth denominations, and each nft can be redeemed for its backing eth at any time so instead of filling the pool with worthless nfts to offset the expensive ones, the apeball system can fill it with a variety of items that have real value and the bonus of using shapes to solve this is that players don't need to worry about selling their nft on the secondary, they can just redeem for eth directly whenever they want the current apeball pool has 48 items: - 47 shapes backed by 0.01 to 0.5 eth each - 1 bored ape draws cost around 0.02 eth, and every draw gives you an nft the smaller shapes have the highest odds, but even the cheapest one can be redeemed for 0.01 eth, with the highest at 0.5 eth larger shapes can return several times the cost of a draw, and there's always the possibility of pulling the ape the other interesting design problem was making the pool autonomous with a typical FWA standard community pool, when an nft is drawn, the owner has to supply and list another one to replenish the inventory but shapes can be minted programmatically, on demand, with whatever eth backing we specify this means apeball can use proceeds from draws to mint and list replacement shapes automatically, at the same denominations as the ones that were won the common prize inventory effectively maintains itself, preserving the shape tiers and their relative weights without requiring someone to continually source and list new nfts the apes listings work differently $apeball trading fees fund the acquisition of more apes, which enter the pool as additional prizes. their assigned listing values gradually decrease, increasing their odds of being drawn profits from the game help fund further ape acquisitions and buybacks and burns of $apeball so we end up with a system where the smaller prizes can continuously replenish themselves, the larger pool items are acquired through trading activity, and participation generates revenue that feeds back into the system these are my favorite types of problems to design for, where a few existing onchain primitives can be combined to make something that operates independently and according to its own rules the game is open at apeball.fun

you can now play apeball on the FWA site and it looks so. damn. good. @token_works team cooked with these latest updates

BAYC #6437 has been acquired by the apeball protocol it'll be first ape available to draw from the pool

anyone can now deposit eth or an ape directly into the apeball pool

we're ~75% of the way to acquiring the first ape for the apeball pool

gm

apeball.fun apeball coin is live now the game opens for draws once the first ape and initial shapes nfts are acquired and minted