Introducing Made by Apes: Bored Ape Yacht Club Launches On-Chain IP Verification Solution
The Bored Ape Yacht Club (BAYC), a popular non-fungible token (NFT) collection, is partnering with SaaSy Labs to launch a new intellectual property tool called Made by Apes. This tool will allow BAYC members to verify their on-chain projects and have an official directory of their creations. The on-chain verification solution is expected to be released later this month. Although specifics about how the verification process will work have not been disclosed, Greg Solano, co-founder of Yuga Labs, the company behind BAYC, expressed confidence in the benefits that the tool will bring to the community.
Key Points:
– Bored Ape Yacht Club is launching an on-chain IP verification solution called Made by Apes.
– The tool will allow BAYC members to verify their on-chain projects and have a directory of their creations.
– The solution is a collaboration between Bored Ape Yacht Club and blockchain protocol SaaSy Labs.
– Details about the on-chain verification process have not been revealed.
– Greg Solano believes that the tool will be beneficial for BAYC community members.
Excitement and positive reactions have been seen among BAYC members in response to this announcement. Richy Rich, the founder of SaaSy Labs, expressed his joy and highlighted the hard work that went into the project. The exact launch date for the on-chain verification solution has not been confirmed yet. Interestingly, this development comes at a time when the value of the BAYC NFT collection has experienced a significant decline of 90% from its peak.
Hot Take: The introduction of Made by Apes shows the commitment of Bored Ape Yacht Club to support its community members and provide them with tools to enhance their experience. This on-chain IP verification solution has the potential to add value to the creations of BAYC members and contribute to the overall growth and sustainability of the NFT collection.
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