U2 Entrepreneur Signs Contract to Expand Bored Ape Yacht Club to Film, TV and Music

Guy Oseary, the heavyweight manager of music U2 and Madonna, signed an acting contract with Yuga Labs to expand the Bored Ape Yacht Club (BAYC) project from non-fungible tokens, or NFT, to movies, TV , music and games.

The Yuga Labs initiative comes a month after the creators of CryptoPunks, Larva Labs, signed a representation agreement in Hollywood with the United Talent Agency. Oseary adds BAYC to a list of famous clients that includes, alongside U2 and Madonna, comedian Amy Schumer and the Red Hot Chilli Peppers.

Welcome to the club, @guyoseary ! ☠️⛵️ https://t.co/PcUtD67zIF

– Bored Ape Yacht Club (@BoredApeYC) October 12, 2021

The ad was shared via Variety on Tuesday, with Oseary noting that despite the success of the BAYC project, Yuga Labs is still a relatively unknown brand, suggesting there is plenty of growth potential for the company:

“Many people haven’t heard of Yuga yet, but they are one of the year’s top-grossing talents in any art form, including music and film.”

BAYC NFTs have become a highly sought after asset in recent months, with a collection of 101 Bored Ape NFTs sold by $24 million in an auction on September 10th. Figures like NBA star Steph Curry squandered six-figure sums in adorable ables, while the Metaverse game company, Sandbox, bought a golden monkey for 740 Ethereum (ETH) on September 6th.

“We have many ambitious projects underway and are grateful to draw on Guy’s experience as we bring the club into this new chapter for the benefit of the entire BAYC community,” said Yuga Labs.

According to CryptoSlam data, BAYC NFTs generated more than $555 million in sales in secondary markets since launch in April. The price Minimum is 37.08 ETH, which was worth about $130,000 at the time of publication. While that’s a non-negligible sum, it’s currently down 51 percent from its highest record of 76.8 ETH ($269,000) on September 30th.

Oseary also emphasized that the Yuga Labs representation agreement will provide many opportunities for BAYC NFTS hodlers, noting that:

“They are original, empowering their community of NFT holders, giving them intellectual property rights to the purchased monkey and continually creating ways to add benefits and utility to the purchased artwork.”

“The monkeys at Yuga Labs and I have many interesting community initiatives and look forward to sharing them soon,” he added.

An upcoming project for BAYC is the release of its own token, with the team revealing on Twitter last Friday that it will release an ERC-20 in the first quarter of 2022. minutes”, is carefully working on building a “legally compliant token” that is configured in a “responsibly manner”.

Let’s start at the beginning: it’s very easy to launch an ERC-20 token; takes minutes.
It’s much more complicated to build a legally compliant token and configure it responsibly and sustainably.

– Bored Ape Yacht Club (@BoredApeYC) October 8, 2021


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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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