Bored Ape Yacht Club owners can take advantage of IP rights by
auditioning for a BAYC movie trilogy, while other popular NFT characters
now make up the cast of iHeartMedia's latest podcast venture.
Bored Apes take on the restaurant and movie business
The
Bored Ape Yacht Club, or BAYC, NFT holders own the intellectual property
rights to their specific apes and can use the likeness of their ape(s)
for commercial purposes. One such BAYC member, Andy Nguyen, decided to
open a Bored Ape-themed restaurant aptly named Bored & Hungry in
Long Beach, California.
Nguyen is a food entrepreneur who has
co-founded various other culinary concepts in the Orange County area. He
is the owner of Bored Ape #6184, which he purchased for $267,000, and
also owns two Mutant Apes. The opening took place this past weekend and
Bored & Hungry is the first restaurant to accept both Ether (ETH) and ApeCoin (APE) as a form of payment.
Nguyen revealed
to HypeBeast that his purpose is to "show people that you can create a
brand/business out of this IP. Taking away the stigma of, ‘It’s just a
jpeg.’”
In other BAYC news, Yuga Labs has partnered with Coinbase to produce a
film trilogy featuring the BAYC community. The first movie in the
trilogy, with the length of a short, will premiere at the NFT.NYC
conference in June.
The official website denominated the
upcoming franchise as "The Degen Trilogy" but doesn't offer details as
to what it will be about, merely saying “something is coming” and
“probably nothing.” Reminiscent of the Yuga Labs' announcement for
BAYC’s forthcoming metaverse called Otherside, prospective fans can only
connect their Coinbase accounts for now.
Meanwhile, Yuga Labs
invited Bored Ape owners to audition for roles in the trilogy by
submitting their Apes and an accompanying backstory. If an owner’s Ape
is chosen, they are subject to receive a $10,000 licensing fee, paid out
in either Bitcoin (BTC) or APE.
Related: NFT creator Yuga Labs raises $450M, bringing company valuation to $4B
iHeartMedia to bring to life NFT characters in a podcast
iHeartMedia,
one of the largest radio outlets in the United States, scooped up its
own Mutant Ape and multiple NFTs from other prominent collections to
herald the company's entrance into Web3. While Axios first reported the news last week, iHeartMedia officially announced
on Tuesday the creation of an NFT-based podcast network called the
Non-Fun Squad, short for nonfungible. Using the IP of their owned
profile picture (PFP) NFT collections, the podcast will center around
and use the voices of the characters in the Non-Fun Squad.
iHeart-owned
NFTs include CryptoPunk #2821, Mutant Ape #10144, World of Women #7147
and #7730, as well as those from emerging NFT projects, including
CrypToadz #5947, Loot for Adventurers #2020, and Quirkies #307 and
#1988. This may be the first time that individual NFT characters will be
given their own personalities and the opportunity to interact with each
other within the media and audio spaces.
iHeartMedia partnered with the crypto platform Anchorage Digital, who tweeted about the announcement.
China’s Sichuan province launches NFT marketplace
Despite the
Chinese government's wariness regarding cryptocurrency and NFTs, the
Sichuan Province Department of Culture and Tourism in southern China announced they
are developing an NFT trading platform. The purpose, they said, is to
“encourage the music industry to actively adopt modern technology.”
China uses the terms digital collectibles and NFTs interchangeably in
the statement.
Reportedly, there already existed a local music
NFT platform that the government is now backing, while the local
blockchain company will continue to develop the project. Sichuan is
allegedly a hot spot for the production of modern Chinese music.
Another
NFT project backed by China's Shandong province’s state-run television
station revealed its own plans to develop its own blockchain and issue
NFTs on its marketplace. Meanwhile, China's popular WeChat messaging app continues to suspend some accounts linked to NFTs and supposed speculative activity.
Other Nifty News
The CryptoVoxels metaverse will be the home of the Spells of Genesis (SoG) trading card exhibit,
which is part of a virtual NFT history museum. The SoG game celebrates
five years of gameplay and hopes to honor its own rare SoG cards as well
as assets from various other popular NFT collections.
A Nansen report found that the rapid growth of the NFT market,
which is larger than that of the cryptocurrency market year-to-date,
may be due to Blue Chip and Metaverse NFTs sales. The report cites
collections like Azuki, Clone X and Doodles that have surged in
popularity, and even predicts that the NFT market will reach an $80
million market cap by 2025.
source link: https://cointelegraph.com/news/nifty-news-bored-hungry-or-want-to-listen-to-a-podcast-hosted-by-a-mutant-ape
