Yuga Labs, the parent company behind the famous Bored Ape Yacht Club (BAYC) NFT collection, has teamed up with ALTAVA Group, a luxury metaverse platform, to launch a new NFT collection.
Yuga Labs confirmed its partnership with ALTAVA Group on December 1 through a press release. The two are set to launch a new set of NFTs dubbed Bored Ape Golf Club NFT collection which includes special editions from Animoca Brands, Elite Apes, and The Sandbox.
Previously, ALTAVA Group had partnered with Elite Apes, the largest holders of the Bored Ape Yacht Club IP, to create Bored Ape Golf Club (BAGC). The BAGC (KR) NFT is a derivative of the 60 BAYC NFT. One of the major features of the BAGC (KR) NFT is the ability to let the owners order golf-themed merchandise with the logo of the specific BAGC Korea NFT IP that they own.
Animoca Brands is among the top crypto funds in the world with over $1 billion under management. It is also one of the largest Bored Ape Yacht Club NFT holders. The Sandbox is a popular metaverse gaming platform, while Elite Apes is the largest Bored Ape Yacht Club (BAYC) IP holder. The three firms are at the forefront of the NFT and Web3 revolution, making the new NFT collection, that is, the Bored Ape Golf Club (BAGC), the result of a collaboration between industry titans.
The Altava team believes that the BAGC NFTs will provide a real-life golf experience in the Metaverse and demonstrate how asset holders can benefit from the commercial IP rights granted via the NFTs on golf-themed merchandise.
About Yuga Labs
Yuga Labs is popular for having developed the Bored Ape Yacht Club, the largest and most profitable NFT collection today in the world. The company also developed the Bored Ape Kennel Club (BAKC) on June 18, 2021, which is a subsidiary collection for the Bored Ape holders. Yuga Labs also launched the Mutant Ape Yacht Club (MAYC) NFT project on August 28, 2021.
Yuga Labs has also managed to acquire the IP rights of other notable NFT projects such as the CryptoPunks and Meebits. Recently, Yuga Labs launched a metaverse project named Otherside.
About ALTAVA Group
ALTAVA Group is a company based in Singapore but with offices in Seoul, London, Tokyo, and Paris. It is the luxury fashion metaverse that lets users discover, interact, and express themselves using high-fidelity avatars. ALTAVA Group runs World of You (WOY), a metaverse that offers Omni-platform experiential solutions that connect consumers to the real-world and virtual world.
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