The Bored Ape Yacht Club’s Ambitions to Take Over the Metaverse!

“Unveiling the Mysterious Bored Ape Yacht Club,” a new paper from Huobi Research Institute, a major blockchain research firm, was issued today.

According to researcher Xiaopeng Han, BAYC’s success may be attributed to three factors: its unique blend of street and meme culture, unusual commercial ownership rights and incentives, and celebrity promotion. Unlike other NFT collections, BAYC purchasers are entitled to both ownership and commercial usage rights to the NFTs. This let them to use, replicate, display, and profit from the NFTs in any way they wanted, encouraging content development and dissemination.

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