Gone are the days when Non-Fungible Tokens (NFTs) are considered by some as overpriced collectibles with no real utility. These tokens can go beyond their roles as avatars and more people are starting to realize it.
In the 2020s, the rising popularity of blockchain gaming showcased NFTs capabilities as in-game assets with real-world value. However, there is another way to put the technology to good use with the new platform “Bored Jobs.”
What is Bored Jobs?
Bored Jobs is an NFT licensing marketplace that provides owners, brands, and creators the option to benefit from the Intellectual Property (IP) rights of NFTs. MouseBelt, a business accelerator and incubator that also grants venture capital to startups on the blockchain, created the platform.
Using the platform, NFT owners can put their collection to work by licensing their assets (under Bored Jobs’ guidance). Moreover, brands can gain access to a pool of talent and hire NFTs, while creators can open alternative revenue streams and reach out to a wider audience.
The website listed several prominent NFT projects that brands and owners can select from.
Currently, the titles available on Bored Jobs include Bored Ape Yacht Club, Mutant Ape Yacht Club, Doodles, Azuki, and World of Women. Also on the roster is the Gutter Cat Gang and its variants: Gutter Dogs, Gutter Pigeons, Gutter Rats, and Gutter Clones. The platform plans to expand its list in the near future.
The Bored Jobs team also invested in a legal framework that simplifies contract signing between a brand and an NFT project. This is new process can help both parties save time, as well as minimize complications and other unnecessary expenditures.
“We are on a mission to expose popular NFTs to the world by injecting them into pop culture whenever possible. By standardizing the legal, communications, and deal flow process, we believe we can enable both brands and NFT owners to unlock new potential,” the team stated.
How Does Bored Jobs Work?
After a client has submitted their request to Bored Jobs, the team will first review the project. They will then keep in touch with the NFT owners to present a proposal to see if they are interested.
Furthermore, the platform assures brands that their information will remain confidential upon request. Info will be revealed only upon confirmation from the owner, and complete review of details including payment, legalities, and terms.
According to the team, Bored Jobs does not charge anything in guiding clients and helping them connect with NFT projects. The company will instead draw their earnings from a flat 15% fee from the total payments.
“These fees support our outreach efforts to brands and outreach efforts to NFT owners and allow us to invest in the subsequent versions of our platforms and in standardized legal forms to lower the costs of every transaction for the parties involved,” the team said.
Advocating business sustainability and Web3 adoption, MouseBelt prides itself as the “world’s first full-service blockchain accelerator.” The team provides mentorships, connections, and seed capital to companies.
According to the team, MouseBelt has invested over $40million in more than 60 blockchain companies since its inception in 2017.