Guy osary, Managers of music heavyweights like U2 and Madonna, has signed an agency agreement with Yuga Labs to expand the Bored Ape Yacht Club (BAYC) NFT project to film, television, music and games.
Yuga Labs’ move comes a month after CryptoPunks creators Larva Labs signed a Hollywood agency agreement with the United Talent Agency.. Oseary adds BAYC to a list of star customers that includes U2 and Madonna, comedian Amy Schumer and the Red Hot Chilli Peppers.
Welcome to the club, @guyoseary ! to?? ï¸ ?? â ?? µï¸ ?? https://t.co/PcUtD67zIF
to???? Bored Ape Yacht Club (@BoredApeYC) October 12, 2021
Welcome to the club, @guyoseary!
The announcement was shared across Diversity on October 12th, in the Oseary noted that despite the success of the BAYC project, Yuga Labs is still a relatively unknown brand, suggesting that the company has a lot of growth potential.:
â ???? Lots of people have never heard of Yuga and yet they are one of the top-selling talents of the year in every art form, including music and film. “
BAYC-NFTs have become a very sought-after asset in the past few months; a 101 NFT collection of boring monkeys that sold for $ 24 million at auction September 10. Numbers like NBA star Steph Curry wasted six-figure sums on the lovable monkeys, while game company Metaverse The Sandbox bought a golden monkey for 740 Ethereum (ETH) on September 6th.
“We have many ambitious projects underway and are grateful to have Guy’s experience as we introduce the club to this new chapter for the benefit of the entire BAYC community.”Yuga Labs said.
According to data from CryptoSlam, BAYC’s NFTs have generated more than $ 555 million in secondary market sales since their launch in April. The minimum price is 37.08 ETH, which is about $ 130,000 at the time of publication. While that’s not a negligible amount, it’s currently 51% below its all-time high of 76.8 ETH ($ 269,000) on September 30th.
Oseary emphasized that too The Yuga Labs agency agreement offers BAYC NFT users many options, notice that:
â ???? They are original, empower their community of NFT owners by giving them intellectual property rights in their acquired monkey, and continually creating ways to add profit and benefit to the acquired work of art.
“The monkeys at Yuga Labs and I have many exciting community initiatives and we look forward to sharing them soon.”, he added.
An upcoming project for BAYC is the introduction of its own token; The team announced on Twitter last Friday that it would launch an ERC-20 in the first quarter of 2022. BAYC stated that the introduction of a token takes “minutes”, but is working carefully to create a “legally compliant token” and to establish it “responsibly”.
First things first: it’s stupidly easy to launch an ERC-20 token; it takes minutes.
It is much more complicated to construct a legally compliant token and to set it up responsibly and sustainably.
to???? Bored Ape Yacht Club (@BoredApeYC) October 8, 2021
First things first: it’s stupidly easy to launch an ERC-20 token; takes minutes. It is much more complicated to build a legally compliant token and make it responsible and sustainable.