If you clicked the link to this article, you know what the Bored Ape Yacht Club is.
10,000 provably unique avatars.
0.08 ETH to mint on April 30th, 2021.
I bought Ape 5207 on May 2, 2021 for 2.5 ETH.
According to rarity tools, this is the 330th rarest token in the BAYC collection.
The cheapest comparable ape is now priced at 69 ETH (at time of writing).
BAYC represents a massive shift in creative IP, allowing holders to create and sell derivative works of the apes they own.
In their language:
iii. Commercial Use. Subject to your continued compliance with these Terms, Yuga Labs LLC grants you an unlimited, worldwide license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the Art (“Commercial Use”). Examples of such Commercial Use would e.g. be the use of the Art to produce and sell merchandise products (T-Shirts etc.) displaying copies of the Art.
So, here’s the experiment.
69 editions of a #5207 derivative, modified to ensure there’s no confusion, priced at the BAYC original mint price of 0.08 ETH.