The Bored Ape Yacht Club has been mentioned for the second time this week by a mainsteam news source.
On Wednesday, Forbes contributor, Leeor Shimron, wrote an article titled “The Rebirth Of NFTs: Moving Beyond The Initial Hype.”
In the article, Shimron writes about how NFT’s have boomed in the first half of 2021. Later, he touched on collectors using their NFT’s as their profiles photos.
“For a collector, it is now a badge of social status to proudly display her NFT on social media, signaling she is a member of a community that embodies vanguard values of open technological experimentation and social engagement,” he wrote.
Later in the article, Shimron then explained the Bored Ape Yacht Club. He then went on to give readers an overview of the club and of the bathroom.
“One such project, Bored Ape Yacht Club (BAYC), created 10,000 unique digital ape avatars that provides owners access to special features such as a digital graffiti wall called The Bathroom,” Shimron wrote. “The BAYC Bathroom is a canvas accessible only to wallets that own at least one ape, and it serves as a communal digital mural where community members can draw, scrawl, or write expletives. Community members are able to paint a pixel on the bathroom wall every fifteen minutes, culminating in a collaborative and emergent art experiment that is open only to members and resides in the internet-native metaverse.”
Shimron also explained how the BAYC’s intellectual property rights and free Bored Ape Kennel Club dogs have made the BAYC a powerhouse NFT.
“The BAYC also included other fundamental changes such as clear intellectual property rights for ape owners,” He wrote. “This means the NFT token holders can create t-shirts or other merchandise with the art linked to their ape, effectively commercializing their digital avatars without fear of copyright infringement or messy legal battles. Additionally, the BAYC lead developers recently released the Bored Ape Kennel Club, rewarding ape owners with a free drop of a canine companion NFT for each ape.”
Be sure to check out Shimron’s full article here: https://www.forbes.com/sites/leeorshimron/2021/07/07/the-rebirth-of-nfts-moving-beyond-the-initial-hype/?utm_campaign=forbes&utm_source=twitter&utm_medium=social&utm_term=Valerie&sh=65aa08107ce2