Bored Ape

One standard for the whole ecosystem makes it easier for dApps.

Communities and assets, including BAYC, NFTs, and other side assets to move value and data across chains like Ethereum, Arbitrum-based, Polygon, and Solana.

Improved APE utility, CCT upgrades enable more native-style programmable transfers of APE.

ApeChain's gas governance token in USDC with less reliance on wrapped versions and more control for issuers.

APECOIN and a CryptoECO System This Week on Hackernoon's Stories of the Week.

We looked at ApeCoin and the Bored Ape Yacht Club after a surprise performance at MTV from Snoop Dogg and Eminem 44.

Just what is the merge? This week on HackerNoons Stories of the Week, we looked at the Ethereum Merge and what the shift from Proof-of-Work to Proof-of-Stake means for the industry.

45.

And that probably won't be ready until I would say, you know, a little bit later in November, hopefully.

But I think in the short term, one thing that we're looking to do is support BAYC events and communities, you know, community members that are looking to throw BAYC events or Mudwater events.

So we're in talks here, but, you know, the best way to get that kind of distribution is to put up a community event on the BAYC meetup site.

Get that approved through there.

We have visibility.

If you're having a 100-, 200-person event, okay, maybe you need a box or two.

Maybe you need one of the Yugo reps to also come out there and help administer some things, et cetera, et cetera.

So I think in the short term, what we're going to be looking to do is amplify the BAYC community events.

This is kind of modern.

This NFT series of these Bored Ape series, right? Which were all digital, right? But the frequency of that whole, because it was art.

I mean, you could say whatever you want, but it was art.

There was a frequency of decay in that art.

I mean, it's not that there's no light because if it wasn't, everything has light, right? But the light there is, it's like just hidden in a pile of shit.

And you can see it in some art.

But those Bored Ape series, it's a very good example because you can feel the frequency when you see that.

Art is meant to transmit a frequency so that you can have an experience that goes beyond intellect.

New exchanges pop up every month to compete with established incumbents like OpenSea and Blur, with some even pushed by organizations with greater relevance and penetration than GameStop, like Reddit's Vaults, NBA Topshop, NFL All Day, Magic Eden, and Rarible.

Exchanges initially differentiated themselves on the quality and the perceived prestige of the artists, creators, and collections that they attract, like Doodles, Bored Ape Yacht Club, CryptoPunk, and Azuki.

But as more exchanges have entered the scene and collections can be bought largely anywhere, the new sticking point is cost.

Blur has recently overtaken OpenSea in trading volume and market share by appealing to users through lower cost and subsidizing trading fees to zero, cutting royalty fees, and building intangible economic incentives for platform loyalty.

for assets that we as humans would like, but actually now have the trust and provenance that blockchain can deliver.

Now, that doesn't mean that things like Bored Apes or Mochaverse NFTs don't have value.

I mean, I think the floor price of a Bored Ape is still around 8 or 9 ETH, which is pretty good.

So, you know, like 30 grand or give or take, right? It's just that

But the real part about NFTs is a representation of ownership that can be stamped on chain.

That is what we saw with the Bored Ape Yacht Club glow up, the Pudgy Penguins glow up, and these random pockets of glow up.

They're test bed experiences from real ownership.

Right.