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Made By Apes On Chain Business Licensing

OpenSea Launches "Deals"

AuthorAuthor

Gannon Breslin & Von Doom
July 25, 2023

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Here is the breakdown of today's newsletter:

🔥 Made By Apes Launch
🌊 OpenSea Reveals Deals

  • The Simpsons appear to be poking fun at NFTs in a funny new teaser poster for Treehouse of Horror. (@TheSimpsons)

  • Pudgy Penguins and Cool Cats hint at a possible collab at a recent IRL event. (@ppmctweets)

  • Doodles recently announced "Doodles X Camp" a family-friendly event in Chicago that will bring to life a Rainbow World. (D)

  • OpenSea introduced Deals last week, a new system that allows NFT trades to be made safely between wallets. (@opensea)

  • "Jack Dorsey's First Tweet NFT" was auctioned for millions just a couple of years ago and is now only receiving offers of around 2k$. (CD)

  • Reddit launches $moon, their official cryptocurrency running on Ethereum and earnable on the r/Cryptocurrency subreddit. (K)

Onchain Licensing: Made By Apes 🦍

For the past few years, we have seen various individuals use the name, image, and likeness of the NFTs they own to create entire brands and businesses. Most of the largest NFT projects in the space not only encourage this behavior but even go out of their way to promote the success of these small businesses. Today an even bigger effort has been made with the help of Bored Ape Yacht Club and SaaSyLabs - the creation of “Made by Apes”.

As you can see above here are just a couple of the numerous small businesses using their BAYC/MAYC in conjunction with their business

💡 Here’s the breakdown:

  • Apes can request a license to register their businesses or products w/ a unique license # on the Made by Apes platform

  • Verifies & distinguishes genuine products made by BAYC & MAYC holders

  • This is all on-chain so businesses know the record is set straight

OpenSea Reveals “Deals” 🌊

Want to swap NFTs?

Or what about 3 NFTs for 1 NFT?

Heck, you can even swap 2 NFTs for 1 NFT + a specified amount of ETH!

OpenSea just announced their new feature called “Deals” which opens the gates for a new type of NFT swapping.

💡 What are Deals?

  • Deals on OpenSea's NFT marketplace will now allow collectors to trade their digital assets and receive wrapped ether (WETH) as an added bonus.

  • This feature is powered by Seaport,

  • Seaport is OpenSea's NFT protocol, which enhances the platform's security and resourcefulness.

  • Users are responsible for paying any transfer-related gas fees. Currently, OpenSea does not charge fees for Deals swaps or require payment of creator royalties.

There’s a reason why Pudgy Penguins has continued to be one of the OG powerhouse NFTs…

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.