Dirt: Bored Ape Universe

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).

“When everyone’s got skin in the game, it creates a new dynamic, as opposed to everyone being able to say what they want and critique everything without consequence,” Drew Austin, a technology investor who owns three Bored Apes and co-owns two others, told me. That sense of community has been missing from the Internet, according to Bored Ape Yacht ... See more

The status of online community will maintain the movement, but just as Bored Ape Yacht Club meetups have solidified digital communities by fostering IRL interaction, the new wealth gained by this class of beneficiaries will soon enough impact luxury goods markets. The Visa acquisition of Cryptopunk 7610 made international news. The Hundreds’ Bored ... See more