Altava Group, a luxury metaverse, has partnered with Yuga Labs’ ecosystem house of Bored Ape Yacht Club, to launch its Bored Ape Golf Club (BAGC) nonfungible token (NFT) collection, which includes special editions from Elite Apes, Animoca Brands, and The Sandbox.
It has been reported that Altava Group had previously collaborated with Elite Apes – the largest IP holders of Bored Ape Yacht Club (BAYC) to create Bored Ape Golf Club. BAGC (KR) NFT itself is a derivative of the 60 BAYC (Bored Ape Yacht Club) IP.
However, one of the most distinctive features of the BAGC KR NFT is the ability for owners to order golf-themed merchandise bearing the logo of the specific BAGC Korea NFT IP they own.
The report said that Animoca Brands is one of the largest crypto funds in the world with more than $1 billion under management and is one of BAYC's largest holders, The Sandbox is one of the largest gaming metaverses, and Elite Apes are BAYC's largest IP holders. These three companies are already at the forefront of the NFT and Web 3 revolution, making this collection the ideal result of a union between industry titans.
Thus, Altava’s team believes that BAGC NFTs can provide a real-life and exclusive golf experience in the Metaverse by demonstrating how asset holders can benefit from the commercial IP rights granted by using them on golf-themed merchandise.
Source: Yahoo Finance