Working on an AIP proposal to establish an IP resource that can inform the community – much like (and quite inspired by) Boring Security. Where Boring Security’s focus is on educating folks about security and safety, this project’s focus would be educating folks about how to best exploit the IP assets they own.
current draft of MOTIVATION and RATIONALE is below for your thoughts and comments. Very interested to hear what everyone thinks! – MP
Ever since apeing in as a MAYC in November 2022 and working my way towards acquiring an ape (which was reached on Jan 4, 2022), I have been taken with the branding component of ape ownership. Not only are apes branded as members of the Bored & Mutant Ape Yacht Club, they themselves have specific identities that can be flexed and enhanced by the owner – either by themselves or in collaboration with others.
I, myself, have done not only simple brand enhancements, like producing stickers of my ape that I’ve distributed to the public through skate shops and local clothiers to expand visual awareness of both my ape and the BAYC/MAYC, but I have also contacted companies and arranged for my ape to appear both on a series of craft beer collaborations and secured the first ever appearance of a BAYC on the cover of a major studio comic book publication (Image Comics’ The Secret History of the War on Weed).
Like many others, I have received inquiries over the use of my ape and in many of those discussions I have been grateful for my own experience with marketable IP and assessing the value of IP, and it has enabled me to stand my ground and ensure that any agreement involving the use of my ape is not a lopsided one nor out of step with Yuga IP allowances.
Believing that many other apes (and just general holders of NFTs) do not have that same experience, I’ve grown increasingly concerned that inequitable agreements are being struck – not only to the disadvantage of the individual ape holder, but also to the community at large, since every agreement sets a standard – just like every ape sale impacts “the floor”.
I believe that we can follow in the footsteps of Boring Security and create a program that provides qualified, expert education on aspects of Intellectual Property to apes and other NFT holders, which will not only benefit each educated holder but will also benefit the community at-large.
Simply put, if someone fails to understand the motivations and potential downstream applications of someone seeking to enter into an agreement to use a holders’ IP, the holder might not enter into as favorable a deal as they might. Or, they might actually find themselves in a harmful situation.
Without a real consideration of those downstream applications or unforeseen scenarios, a holder might find themselves either being taken advantage of or put in a negative legal situation down the road. When making an agreement with someone for use of an ape, are holders equipped with the knowledge to protect their asset? What if someone offers to 3D render an ape and then creates a file that they might lay claim of ownership on because the agreement failed to clearly outline ownership of any and all produced assets? Such a scenario may do a disservice to the holder and the community, and we aim to remove as many potential pitfalls as possible through this resource.