Who owns the BAYC digital collectibles?
Paul ChungJan 12, 2022 · 3 years ago3 answers
Can you explain who owns the Bored Ape Yacht Club (BAYC) digital collectibles?
3 answers
- Jan 12, 2022 · 3 years agoThe Bored Ape Yacht Club (BAYC) digital collectibles are owned by individual users who have purchased them. Each digital collectible is represented by a unique token on the blockchain, and ownership is recorded on the Ethereum network. When someone buys a BAYC digital collectible, they become the owner of that specific token. Ownership can be transferred through blockchain transactions.
- Jan 12, 2022 · 3 years agoThe ownership of Bored Ape Yacht Club (BAYC) digital collectibles is decentralized, meaning that no single entity or organization controls them. The ownership is determined by the ownership of the corresponding tokens on the Ethereum blockchain. Once you own a BAYC digital collectible, you have full control and ownership rights over it.
- Jan 12, 2022 · 3 years agoAs an expert in the digital asset space, I can confirm that the Bored Ape Yacht Club (BAYC) digital collectibles are owned by the individuals who have purchased them. The ownership is secured and verified through the Ethereum blockchain, ensuring transparency and immutability. It's important to note that ownership of BAYC digital collectibles does not imply ownership of the intellectual property rights associated with the artwork or the Bored Ape brand.
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