Bored Ape Yacht Club to Launch “Made By Apes” Tool for On-Chain Verification
In an exciting development for the Bored Ape Yacht Club community, co-founder Greg Solana announced that a new tool is on the horizon.
This tool, called “Made By Apes” aims to address the longstanding challenge of verifying intellectual property (IP) created by club members, as well as providing an official directory for the myriad of creative projects emerging from the community.
As much as folks in the club have been building with their IP, there hasn't been an easy, on-chain way to verify these items or an official directory for everything apes and mutants are making. Team has worked up a solution with the folks over at @SaaSyLabs that we're excited to… https://t.co/p573extFY4— Garga.eth (Greg Solano) (@CryptoGarga) July 10, 2023
Recognizing the need for such a tool, Yuga Labs’ team has been working diligently alongside SaaSy Labs to develop a comprehensive solution that will soon be unveiled to the eager community.
Collaborating with SaaSy Labs for On-Chain Verification
The Bored Ape Yacht Club, known for its collection of unique and visually striking digital art pieces, has partnered with SaaSy Labs to bring “Made By Apes” to life.
This collaboration aims to provide an on-chain verification mechanism, ensuring the authenticity and origin of various creative works.
With this tool, club members will have a streamlined and efficient process for validating their IP and contributing to an official directory of the community’s vast array of artistic projects.
[Yugaverse IP: Made by Apes Teaser]— Harry Liu @ Forj (@harry_forj) July 11, 2023
Club members have been building their IP like crazy, but there's no easy way to verify it or find an on-chain directory of everything apes and mutants are creating. "Made by Apes" is coming at the end of the month and is going to solve that 🧵 pic.twitter.com/xcMNXxy2Nc
Harry Liu, the CEO of Forj and an accelerator of Ape Coin, echoed the sentiment, acknowledging the community’s strong desire for a solution to verify and document their IP.
This upcoming tool will undoubtedly be a game-changer for the Bored Ape Yacht Club community, empowering creators and providing them with the recognition they deserve.
Steady Growth and a Vibrant Ecosystem
The Bored Ape Yacht Club ecosystem has been experiencing remarkable growth, with an average monthly increase of approximately 10% in Yugaverse IP.
The community has achieved a significant milestone, boasting an impressive 300 projects to date.
In May alone, 16 new projects were added, further cementing the club’s status as a breeding ground for innovation and artistic expression.
A Growing Ecosystem of Innovation
The Bored Ape Yacht Club has also made waves through its collaborations and ventures outside the digital realm. Here are some notable examples:
- KINGSHIP: The club partnered with music label 10:22PM to form KINGSHIP, a metaverse group consisting of four characters from the Bored Ape Yacht Club collection. KINGSHIP aims to explore the intersections of music, NFTs, and community-based experiences, providing exclusive access to Bored Ape and Mutant owners.
- Adidas Originals Collaboration: Bored Ape Yacht Club teamed up with Adidas Originals to launch a collection of 30,000 NFTs titled “Adidas Originals Into the Metaverse”. These NFTs, featuring unique Bored Apes sporting Adidas gear, sold out rapidly and garnered significant value in the market. The collaboration also extended to a physical collection of clothing and accessories inspired by BAYC.
- Real-World Ventures: Bored Ape Yacht Club’s influence transcended the digital space with initiatives like Ape Beverages, a water brand that draws inspiration from BAYC’s branding, and Bored & Hungry, a cryptocurrency-themed fast-food restaurant that accepts digital currencies as payment. These ventures blur the lines between the virtual and physical worlds, showcasing the broader impact of the IP.
Embracing the Future of Digital Art and Ownership Verification
As the launch of “Made By Apes” draws near, anticipation and excitement continue to build within the Bored Ape Yacht Club community.
This groundbreaking tool will not only revolutionise the verification process for IP but also establish an official directory, creating transparency and recognition for the community’s diverse creative endeavours.
With the support of SaaSy Labs, the Bored Ape Yacht Club is poised to take yet another stride forward in revolutionising the world of digital art and ownership verification.
Stay tuned for the official debut of “Made By Apes” later this month, marking a new chapter in the club’s vibrant history.
*Stay informed about the latest developments in the crypto world with XGA, your go-to source for up-to-date crypto news. Subscribe to our newsletter and join our community to stay ahead in the ever-evolving world of cryptocurrency.