Bulls & Apes Project Announces New Initiative to Tokenize 1000's of Communities
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Southington, United States, 7th December, 2022, Chainwire
Bulls & Apes Project LLC (B.A.P.) introduces Community Tokenization, an industry-changing initiative.
B.A.P., a web3 company with a vision to create a world of infinite opportunities, launched its inaugural collection on May 31, featuring an industry-first 6-Month ETH-Back Guarantee, and has defied bear market conditions by continually delivering value and building a robust community.
Many NFT projects provide utility for holders of their native NFTs. Community Tokenization, on the other hand, leverages the public nature of the blockchain to provide B.A.P. utility to individuals who hold NFTs from other projects. Through this initiative B.A.P. will be rewarding holders of an ever-growing list of Tokenized Communities with their erc20 token, Methane, simply for holding NFTs from those projects.
B.A.P. plans to tokenize larger projects like Bored Ape Yacht Club, Gutter Cat Gang and Cool Cats, but also smaller projects with thriving communities such as Bubble Gum Kids, Nonconformist Ducks, and more. Shortly after acquiring Bulls On The Block, B.A.P. tokenized that community and is already seeing great levels of adoption and engagement.
"When we started the Bulls & Apes Project we wanted to build a project we would be proud to be a member of, but we also wanted to build something bigger than ourselves and bigger than B.A.P." said Anthony Mongiello, CEO of Bulls & Apes Project. "Community Tokenization is the next step for us to realize our vision. We are building the web3 way, decentralized, permissionless, removing gatekeepers
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