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Animoca Brands partners with ALTAVA Group to licence bored ape yacht club NFTs

Published 11/05/2023, 01:03 pm
Updated 11/05/2023, 01:30 pm
© Reuters.  Animoca Brands partners with ALTAVA Group to licence bored ape yacht club NFTs

Animoca Brands Corporation Ltd has partnered with ALVATA Group, a luxury fashion brand operating in the metaverse, to license Animoca’s Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) to ALTAVA’s Bored Ape Golf Club (BAGC) project.

BAGC is a golf-themed derivative of Bored Ape Yacht Club that uses BAYC NFTs belonging to The Sandbox, Elite Apes, and Animoca Brands.

All of Animoca Brands’ BAYC NFTs licensed to the project, along with BAYC NFTs licensed by The Sandbox, will be assigned to a special edition class in the BAGC digital collection.

These special edition NFTs will have outfits branded by Animoca Brands and The Sandbox.

BAGC digital collection

The BAGC NFTs offer perks including:

  • custom physical “IRL” (in real life) BAGC-branded golf merchandise;
  • access to some of the most exclusive golf country clubs in Korea, Turkey, and Vietnam;
  • Voxel twins of special edition BAGC NFTs for use in The Sandbox; and
  • IP ownership, licensing and management service.
Animoca believes the intellectual property (IP) ownership, licensing, and management service is of particular interesting to end-users.

The company recognises that most NFT holders do not have the capability to monetise their IP, so ALTAVA has set up a dedicated team to handle IP monetisation on behalf of holders.

ALTAVA Group is a Singapore-based company with offices in Seoul, Tokyo, London, and Paris.

The company operates WOY (World of You), a metaverse that provides omni-platform experiential solutions which connect consumers to the real-world and virtual world for high-end luxury brands and discerning partners.

Read more on Proactive Investors AU

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