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Home»NFT»BAYC’s ‘Made by Apes’ ushers in a new era of on-chain licensing wonders
NFT

BAYC’s ‘Made by Apes’ ushers in a new era of on-chain licensing wonders

2023-07-25No Comments3 Mins Read
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This unprecedented initiative, co-developed with SaaSy Labs, a leading developer of blockchain-based legal contract solutions, promises to revolutionize the NFT space with its on-chain record and identification functionalities, including BAYC authentication.

BAYC’s official announcement on their Twitter account introduced the world to this groundbreaking platform. By leveraging the capabilities of Made by Apes, both NFT creators and users can now effortlessly acquire licenses through the application page.

“We are proud to introduce this unique on-chain license for a builder club, made in partnership with SaaSy Labs,” the announcement read with excitement.

With the launch of Made by Apes, BAYC Apes can now apply for licenses to register their companies or products, each with a unique license number. In addition to being an on-chain license, this new approach also serves as a unifying mark, effectively verifying and distinguishing authentic products made by BAYC and MAYC (Mutant Ape Yacht Club) holders.

The BAYC community has undoubtedly been the driving force behind the monumental success, and the introduction of Made by Apes is a testament to the collective strength of the builders. Over the past two years, the community has witnessed an astonishing number of Ape intellectual property projects, cementing the club’s position as a pioneer in the NFT domain.

With the goal of creating a versatile and inclusive tool, BAYC partnered with several community brands at the forefront of the NFT industry to push the program. These launch partners played a critical role in setting the standards for the commercial use of rights on the platform.

“We wanted to build a tool that meets the needs of the entire community, across all categories and applications. To do this, we partnered with a handful of community brands that have pushed the space forward to push this program,” the BAYC team expressed their gratitude to the launch partners in their statement.

The announcement highlighted the huge potential of the Made by Apes platform and also mentioned the upcoming launch of “The Bodega”, which will prominently display all active Made by Ape licenses on the BAYC website. This feature is in place to further increase the visibility of community products and expand the reach of licensed creations.

As the NFT landscape continues to evolve, BAYC’s pioneering initiative with Made by Apes and SaaSy Labs undoubtedly sets a new industry standard. Leveraging the power of blockchain technology, the on-chain licensing platform not only reinforces the credibility of genuine NFT products, but also promotes a more secure and transparent ecosystem for both creators and users.

See also  Coinbase's Bitcoin Reserves Skyrocket Over $450,000,000 as Binance BTC Holdings Plummets: On-Chain Data

As the community eagerly awaits the launch of the Bodega, it is clear that Bored Ape Yacht Club remains steadfast in its commitment to driving innovation and nurturing its vibrant community of makers, all while shaping the future of NFTs.

DISCLAIMER: The information on this website is intended as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.

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Apes BAYCs era licensing OnChain ushers wonders
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