Punk6529 on the Significance of Bored Ape Yacht Club and CryptoPunks - Ep.331

Mar 18, 2022

In their first podcast appearance, Punk6529, a prominent voice on Crypto Twitter, digs deep into the NFT realm. They discuss Yuga Labs' acquisition of CryptoPunks and Meebits, highlighting how CryptoPunks set the standard for profile picture projects. Punk6529 shares insights on the potential utility of IP rights in fostering community engagement and the contrasting innovations of Bored Ape Yacht Club versus CryptoPunks. The conversation navigates the cultural significance of NFTs and the evolving landscape of digital ownership.

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INSIGHT

CryptoPunks' Influence

CryptoPunks, while not the first NFTs, were the first to achieve widespread recognition and set the standard for PFP projects.
Their 24x24 pixelated, counter-cultural aesthetic and generative traits significantly influenced the NFT space.

INSIGHT

BAYC Differentiation

Bored Ape Yacht Club differentiated itself with a low minting price, a distinct aesthetic, and by granting IP rights to holders.
This resonated with a different audience than CryptoPunks, leading to its success.

INSIGHT

IP Rights and Value

Granting commercial IP rights to NFT holders is a significant development in the NFT space, impacting the value of PFP collections.
It allows communities to co-create value and potentially build large commercial enterprises around their PFPs.

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In his first podcast appearance ever, Punk6529, known for writing massive threads on Crypto Twitter, discusses the cultural and historical significance of Bored Ape Yacht Club creator Yuga Labs purchasing the intellectual property rights to CryptoPunks and Meebits from Larva Labs. Topics:

how CryptoPunks set the industry standard for PFP projects
how Bored Ape Yacht Club distinguished itself from CryptoPunks – and other NFT projects
why 6529 is bullish on the utility of intellectual property rights and commercial use being granted to NFT holders by Yuga Labs
why 6529 believes Yuga Labs will be good stewards of CryptoPunks
how NFTs (and Bitcoin) are leveraging memes and social construction to go mainstream
what 6529 thinks Larva Labs’ legacy will be in the NFT space
how royalty revenue streams led to the Yuga Labs purchase of Meebits and CryptoPunk IP
why 6529 is unsure about the significance of metaverse real estate
what 6529 thinks about ApeCoin

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

Coinchange: https://coinchange.io

OnJuno: https://onjuno.com/

Upcoming Book Events

Friday, March 26: I’ll be on the Harvard campus at HBS Aldrich 011 from 4 pm ET - 5 pm ET. I’ll be interviewed about my book by NF Castle’s Michelle Choi and will also do a signing.

Saturday, March 27: I’ll be moderating a panel at the Harvard Blockchain conference from 3-3:45 pm. The panel will include NFT artist Pplpleasr, NF Castle’s Will Lobkowicz and Michele Choi, and Nifty Gateway COO Patrick McLaren.

Wednesday, March 30: I’ll be speaking (remotely) with Six Senses about The Cryptopians at 2 pm ET. Be sure to save your spot soon – space is limited!

Tuesday, April 5: I will be doing a reading and signing hosted by the City of Miami Beach and Future Perfect Ventures at Sky Yard from 6-8 pm. Jalak Jobanputra, CEO of Future Perfect Ventures will be interviewing me. You need to RSVP by April 1 to dianafontani@miamibeachfl.gov.

Saturday, April 9: I will be on a panel at the Annapolis Book Festival at 11 am.

Tuesday, April 12: I will be at StartupGrind’s global event in Redwood City, which is focused this year on Web3 (time → TBD).

May 4-7: I will be at the PBS Seattle Crosscut Festival, which takes place from May 4-7.

May 23-25: I will be at the Oslo Freedom Forum which takes place from May 23 to 25. Details on these events are TBD.

Episode Links

6529

Twitter: https://twitter.com/punk6529
Threads: https://threadreaderapp.com/user/punk6529

Miscellaneous

Yuga Labs purchase of Larva Labs IP: https://decrypt.co/94898/bored-ape-yacht-club-yuga-labs-cryptopunks-larva-labs
Yuga Labs metaverse land plans: https://www.theblockcrypto.com/post/137829/bored-ape-yacht-club-yuga-labs-virtual-land-sales-metaverse
ApeCoin: https://www.theblockcrypto.com/linked/138156/apecoin-tied-to-bored-ape-nft-ecosystem-debuts-with-planned-community-airdrop
Punk 6529 on the Yuga Labs purchase: https://threadreaderapp.com/thread/1502595586960367617.html

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