Would it be possible Create like an online catalogue or website for businesses or anyone to rent the IP of apes. In a competitive easy to use market place for apes and businesses, centered around ape coin where the DAO could profit from ?
The IP for does not belong to the NFT holders. Yuga Labs owns the IP outright.
However, Yuga has granted an unrestricted commercial license to ape holders for the duration they hold the NFT.
The idea proposed by @Papasito is interesting in that one could temporarily extend their commercial license to an external party.
However, the logistics of such a thing would be extremely challenging to pull off. Without actually locking the NFT away in a smart contract (which would carry risk of loss or theft), there’s no way to guarantee a licensor that the ape will be retained during the agreed upon licensing time.
Put more simply: someone might grant the temporary license, then sell the NFT. What happens then? It’s a super easy rug scheme as the next owner can choose to revoke the granted license.
There are ways. Let’s say you provide commercial rights to your APE with a monthly agreement. The ownership of the ape should be constant for a specific time period, let’s say 3, 6, or 12 Months. The payment would be split and the final payment would be executed after the period final period. Lets say 12 months.
That’s right Yuga Labs owns the IP to the BAYC brand and names the ape skull logo and all the sub-brands. This is actually very good for the community. However, the BAYC holder owns an unrestricted commercial license. For example, if a coffee company wants to use my pink sad smoking APE as a Logo we should make a deal.
For something like this to work, the NFT needs to become non-transferrable for that period of time. Otherwise it’s trivial for someone to temporarily grant license, and then sell the underlying asset.
But locking the NFT introduces a number of concerns:
The asset would now be locked within a smart contract
$APE staking tied to the asset would no longer be possible
If AIP-4 were to play out exactly as they say, if the owner staked their $APE, and used an NFT to do so, and then later used the license-lending contract, they may actually lose withdrawal access to their $APE for the duration it’s locked in the smart contract because the NFT is required to unstake
If you want to sell the rights without selling the BAYC NFT and without making and agreement directly, it is the only way. The BAYC holder must think if he rather keeps the token or try to sell the IP rights of his Ape using a platform.