NFT utilities have come a long way from being mere social media showpieces or symbols of luxury. Now, they offer real-world incentives and benefits for their communities. Leading the way in this regard is Yuga Labs, the team behind the popular NFT collections Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). Yuga Labs has always been committed to building sustainable communities around its projects, and Made by Apes is an extension of that community-centric thinking.
Made by Apes is a platform designed by Yuga Labs for holders of BAYC and MAYC NFTs. Its purpose is to enhance their rights, facilitate connections with other holders, and provide a platform to showcase their NFTs to the world. One unique feature of Made by Apes is the ability for NFT holders to acquire a “Made by Apes” logo for use with their own ideas or projects inspired by their NFT assets.
To ensure the legitimacy and authenticity of these licenses, Yuga Labs partnered with SaaSy Labs to record them on the blockchain. This means that BAYC members and the larger Web3 community can verify and track their ownership entirely on-chain. For example, a BAYC NFT holder can use their NFT on a product like a shirt or a cup and secure a license to display the Made by Apes logo on it, adding an extra layer of credibility and connection to the Yuga Labs ecosystem.
The Made by Apes license not only gives users the rights to use the logo but also provides a way to establish the authenticity of the products featuring the logo. In a world where verifying authenticity can be a challenge, especially for non-crypto natives, the Made by Apes license provides a verifiable history of commercial use that others can trace, along with proof of ownership of the NFT.
To get a Made by Apes license, users must currently hold a BAYC or MAYC NFT and connect the wallet in which the NFT is stored. The license serves as proof of their connection to the Ape community and further establishes their rights as NFT holders. Each NFT is associated with a primary license, and an accompanying license number is issued. NFT holders can use these licenses for both personal and commercial purposes, and they also have the option to register a product-level license, providing each product with a distinct and unique identity.
The Made by Apes license is exclusively for BAYC and MAYC NFT holders. The rights and benefits enjoyed through the commercial use of the NFTs are tied to the NFT holder and are terminated when the NFT is sold or transferred. When a new owner acquires an NFT, they must apply for new primary and product licenses if they want to use the Made by Apes logo.
Since the introduction of the Made by Apes license, holders have used it in various creative ways. Some have created Ape-inspired beverages, such as alcoholic drinks and craft beer. Others have used the license for chocolate bars, comic books, merchandise, and clothing, all featuring Bored Ape and Mutant Ape artwork. These creative products will be curated in a directory called “The Bodega,” where Yuga Labs will showcase the latest products crafted by the Ape community.
In conclusion, the Made by Apes license is a significant development in the NFT space, bridging the gap between the digital and traditional worlds. It demonstrates the value and benefits that NFT projects can provide to their users, as well as the need for continuous innovation to drive the space forward. With Made by Apes, Yuga Labs has taken another step in building sustainable and engaging communities around its NFT collections.