Bored Ape Yacht Club: Web3 Breakdowns Research

Some of the projects that launched last year are certain to grow into legitimate behemoths. Bored Ape Yacht Club has shown how serious they are about building a massive potentially billion-dollar ecosystem around their IP.

Another piece of CryptoKitties’ success was the story. CryptoKitties were adorable, shareable, and fun — and the idea of buying a $1,000 digital cat was so absurd that it made a great news story. Additionally, the smart contract’s overeager users “broke Ethereum”, which made for a story in and of itself. Since Ethereum can only process a limited nu... See more

One of the most overlooked elements of ownership in the web 3.0 space is financial transparency, particularly regarding investments and agreements. If the goal of "progressive decentralization" is to transition to community ownership, it would seem incongruent for early stage investments terms to be hidden from the community.

ApeCoin DAO allows Yuga Labs to talk up the virtues of decentralization — community governance, interoperability, democratizing access to those very expensive Bored Apes — while also enjoying the benefits of centralization (keeping the community at arm’s length; collecting all the profits).