Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
US, NY, 22nd September, 2022, Chainwire
As the Bored Ape Yacht Club (BAYC) continues to reign the NFT space and going well beyond towards the mass adoption, we see the rise of projects using the full potential of renowned jpegs – as BAYC owners have full intellectual property rights over their NFTs. Recently the ecosystem has attracted a lot of big names that utilize IP offered by BAYC, like Snoop Dogg and Eminem who smashed the VMAs rocking their ape personas like nobody’s watching.
Now the Yuga Labs IP ecosystem is joined by the Bored & Lucky, the world’s first Bored Ape raffle platform. The platform offers everyone a fair chance to win blue chip NFTs and join some of the most exclusive NFT-gated communities in Web3, like BAYC, MAYC, and CryptoPunks.
How it works
The whole process is fully transparent – all Bored & Lucky raffles are Ethereum smart contract based. The NFT prize and the funds received from the ticket sales are locked in the contract and the only way to release them is via a raffle process that is 100% fair for all parties involved.
The winning ticket is determined in a completely random and fair manner. To guarantee transparency and unbiased approach the winner is determined by smart contract via transaction on blockchain using Chainlink VRF to independently generate a random number to draw a winner.
There are currently 3 open raffles featuring a MAYC, a BAYC, and a CryptoPunk, with the very first DeadFellaz #1175 NFT already raffled away to a new winner.
Who is BAYC #4619
BAYC #4691 is an incredibly lucky ape who has made his fortune on smart crypto investment choices. A real connoisseur of art and all things classy, he’s now chasing away the boredom by spreading the luck and organizing raffles with life-changing blue chip NFTs.
For more information on Bored & Lucky visit https://boredlucky.com/
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
For more information on Chainlink visit https://chain.link/
About Yuga Labs
The possibilities for blockchain’s impact on culture are endless. Yuga Labs is a Web3 platform building most known for the creation of the Bored Ape Yacht Club and a recent Metaverse project Otherside, as well as acquisition of CryptoPunks and Meebits.
For more information on Yuga Labs visit https://www.yuga.com
This news is republished from another source. You can check the original article here.