Non-fungible token (NFT) assortment Bored Ape Yacht Membership (BAYC) will likely be launching a brand new mental property software with an on-chain verification answer for builders inside the BAYC group.
Bored Ape Yacht Membership, in partnership with blockchain protocol SaaSy Labs, will debut a brand new answer known as Made by Apes “later this month.” The answer is aimed to allow BAYC members to seamlessly confirm on-chain initiatives they’re constructing whereas they’ll even have an official listing of all their creations.
Whereas there was no additional info on how the on-chain verification course of will work, Greg Solano, co-founder of Yuga Labs — the corporate behind the NFT assortment BAYC — believes that the brand new IP software will profit group members.
BAYC members reacted positively to the information, with SaaSy Labs founder Richy Wealthy stating that the challenge was a results of onerous work.
“Just a little overwhelmed in the mean time to see what we’ve been working so onerous on come to fruition and see the optimistic response. Everybody requested why IP issues and I feel this initiative will substantiate the worth of IP. Excited to see what everybody builds when reside.”
SaaSy Labs Founder, Richy Wealthy
The on-chain verification answer is about to debut in July, with no actual date supplied. In the meantime, the newest growth comes as the worth of the BAYC NFT assortment nosedived 90% from its peak.