NiftyNoon: Can Yuga Labs Make NFT IP Valuable?
The new Made By Apes may finally make NFT intellectual property meaningful (July 11, 2023)
Nifty Thought
NFT intellectual property has been a very polarizing topic essentially since the inception of the Bored Ape Yacht Club. Initially, their claim to fame against CryptoPunks was that the intellectual property rights for each individual ape was granted to the owner of that ape’s respective NFT. While CryptoPunks have since received similar intellectual property grants, it is undeniable that Bored Ape Yacht Club members have been more active in pursuing opportunities with their ape branding. Notable examples include the Bored & Hungry restaurant and the Ape Water beverage brand. Despite the apparent success of these projects, many people in the market have questioned the value and authority of this intellectual property.
Although that may still be in question for the foreseeable future, the introduction of the Made by Apes product will likely encourage more people to pursue projects with ape branding. If executed well, this could elevate the entire brand leading to a bigger brand equity pie for all holders. It will be very exciting to see how Made By Apes manifests when it ships later this month.
Highlighted News
Yuga Labs announce NFT IP coming later this month:
Blur Lending (Blend) support is now live for Azuki Elementals and Elemental Beans. Both collections will be eligible for trait bidding points:
https://twitter.com/blur_io/status/1678446976336109576?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
Greg Solano, Yuga Labs Co-Founder, shares the team has worked up an IP solution with the folks over at @SaaSyLabs debuting soon:
Zagabond provides some early explorations of new Elemental traits:
https://twitter.com/zagabond/status/1678042011394244608?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
$ MEME fire sale preparation:
Arkham announces The World’s First On-Chain Intelligence Exchange:
https://twitter.com/arkhamintel/status/1678339355314900992?s=46&t=dHHZdw5L70boHRGaM55SSw
Prohibition- an open, community driven & onchain generative art platform built on @ArtBlocksEngine & deployed on Arbitrum launching July 18:
https://twitter.com/ProhibitionArt/status/1678453894735699979
Grant Yun announces his art will be the face of @Station3NYC's Patron token:
An investigation into the YouTuber turned phishing scammer Blue (Jack) who has worked with Monkey Drainer and other drainer services to steal more than $1.5m:
NBA Top Shop shares Con Rare Rips drop July 10 at 6 PM ET:
Lender gives a stranger a $35,000 loan at 12% APR using a Patek Phillipe as collateral:
Fatzuki did 350 ETH of volume in the past day and floor has risen to 0.06 ETH:
Quick Stats:
OpenSea Daily Volume: 949 ETH (▼ 45.55%)
Blur Daily Volume: 3,213 ETH (▼ 61.65%)
BTC: $30,416.57 (▲ 0.80%)
ETH: $1869.10 (▲ 0.38%)
Solana: $22.04 (▲ 6.42%)
Polygon: $0.74 (▲ 8.56%)
NFT Daily Winners:
🥔 Potatoz: 1.53 ETH (▲ 5.15%)
🦧 Bored Ape Yacht Club: 34.50 ETH (▲ 3.36%)
🚬 CryptoPunks: 48.39 ETH (▲ 1.90%)
🏳️🌈 Chromie Squiggles: 9.65 ETH (▲ 1.58%)
🧟 Mutant Ape Yacht Club: 6.66 ETH (▲ 0.53%)
🥃 Proof Collective: 6.69 ETH (► 0.00%)
🐈⬛ VeeFriends: 1.82 ETH (► 0.00%)
NFT Daily Losers:
🐧 Pudgy Penguins: 3.91 ETH (▼ 0.03%)
🌈 Doodles: 1.64 ETH (▼ 0.48%)
🦉 Moonbirds: 1.82 ETH (▼ 2.10%)
⛩️ Azuki: 6.97 ETH (▼ 2.24%)
🧝🏼♀️ DigiDaigaku: 3.20 ETH (▼ 2.26%)
🧬 Clone X: 1.79 ETH (▼ 2.57%)
🏴☠️ Captainz: 5.10 ETH (▼ 8.67%)
Notes:
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