Yuga Labs’ ‘Made by Apes’ Drives NFT Evolution at FarCon Asia

On September 17, during FarCon Asia—an offline event focusing on the Farcaster ecosystem—Tina, the Head of Community and Partnerships at Yuga Labs, shared insights during the “Meme and NFT also have dreams” roundtable. She opined that the term NFT has become antiquated, suggesting a need for rebranding within the industry. While the terminology might be evolving, the concept of digital identity and ownership remains fundamentally significant. At Yuga Labs, projects like “Made by Apes” enable creators to leverage their Ape intellectual property for entrepreneurial ventures. This initiative offers on-chain licenses for various business applications, enhancing IP verification and promoting authenticity. Tina emphasized that successful project assessments should regard team reliability, their execution capabilities, and how investments are reintegrated into the community’s growth. This perspective aligns with Yuga Labs’ commitment to fostering a thriving digital ownership ecosystem.