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    Bored Ape Yacht Club Research Doc - Yousha Kukyan

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    Aadhitya Narayanan
    Bored Ape

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    © All Rights Reserved
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    Bored Ape Yacht Club Research Doc - Yousha Kukyan

    Uploaded by

    Aadhitya Narayanan
    50 views2 pages
    Bored Ape

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    Bored Ape Yacht Club Research Doc _ Yousha Kukyan

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    Bored Ape

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    50 views2 pages

    Bored Ape Yacht Club Research Doc - Yousha Kukyan

    Uploaded by

    Aadhitya Narayanan
    Bored Ape

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Bored Ape Yacht Club

    Bored Ape Yacht Club acquired CryptoPunks and Meebits collection from Larva Labs.
    With this acquisition, they will own the CryptoPunks and Meebits brands and logos, and
    as they’ve done with their own BAYC collection, the company will transfer IP,
    commercial, and exclusive licensing rights to individual NFT holders. BAYC plans to
    incorporate CryptoPunks and Meebits into physical projects across the world. Bored
    Apes are turning into Mutant Apes through another Yuga Labs project, and owners are
    hanging out in the collaborative graffiti board known as The Bathroom. In December
    2021, an art gallery owner's Bored Apes collection, worth $2.2 million dollars, was
    stolen. He was caught in a phishing attack when he clicked on a link that looked like an
    NFT decentralized application.

     The proprietors of CryptoPunks were dissatisfied with the manner Larva Labs
    handled IP rights to the NFTs they purchased. Because tokenization does not
    instantly transmit copyrights or other kinds of intellectual property, economic
    exploitation of NFTs is problematic. The NFT holders will receive complete
    commercial rights from Yuga Labs. The value of these rights is that you can
    build now in the digitally native world.
     The rights to Meebits & CryptoPunk holders are:
    i. Up to $100K per year
    ii. No digital collaboration (physical goods only)
    iii. No brand collaborations
     Yuga Labs takes a cut every time a Bored Ape is resold, Larva Labs doesn’t do
    that with CryptoPunks and Meebits. Yuga Labs doesn’t intend to change that,
    so they’ll have to figure something else out.
     The Larva Labs marketplace is no fee, so Larva Labs does not get any ongoing
    royalties. Larva Labs can only make money from CryptoPunks by
    progressively selling down or licensing their IP to others
     Yuga did not keep a large number of apes, but gets royalties on every sale.
     BAYC doesn’t want to repeat Bored Ape’s “membership club” model with
    CryptoPunks and Meebits
     The two top NFT (CryptoPunks and BAYC) collections have combined for
    over 1,000,000 ETH in total volume traded, which is equivalent to
    approximately $2,538,050,000 USD.
     Yuga now controls NFTs with around $5.5 billion in market cap, which could
    spark further consolidation in the market for non-fungible collectibles. Bored
    Ape Yacht Club is acquiring more than 400 CryptoPunks and 1,700 Meebits
    from Larva Labs.

     THE BATHROOM is a collaborative graffiti wall that mimics the chaotic mass
    of doodles you might find on a nightclub bathroom stall, where members can
    paint 1 pixel every 15 minutes.
     Roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant
    Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a
    collector. There are claims that the NFT marketplace Opensea froze the
    collectibles, and crypto advocates are complaining about the lack of
    decentralization.

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