The Bored Ape Yacht Club offers plenty of disinterested-looking Apes—10,000 of them, to be exact, in NFT form—but a suspicious lack of boating opportunities. Now, one Bored Ape NFT holder (and yacht owner) plans to change that with the launch of a decentralized yachting club.
The Bored Yachts Club hopes to create a decentralized, NFT-gated yachting platform that lets members rent real vessels all over the world, with proceeds going to charity. The initiative will begin with “Lady Amanda,” the single yacht of club creator Jad Comair, but the goal is to bring in more yacht owners over time while letting them direct funds to causes of their choice.
Comair is the founder and CEO of Melanion Capital, a French investment firm that launched a Bitcoin-themed ETF focused on crypto industry companies in 2021. He told Decrypt that he personally began investing in the leading cryptocurrency much earlier, in 2014.
“Thanks to Bitcoin, I was able to buy my first yacht,” he said.
“Lady Amanda,” Comair’s 30-meter-long vessel, is packed with water toys and sails the Mediterranean. Members of the upcoming NFT club will be able to bid on rental windows, with all proceeds going to a charity of the yacht owner’s choice—or they can have the community choose how to direct the funds to causes.
Comair’s hope is that the platform will attract additional yacht owners from all around the world, which he said can help fulfill the dual purpose of letting them fill up empty charter windows (when the boat is not being rented) while also supporting charities in the process.
“It’s amazing how much emptiness you have in this whole industry,” he said of the yacht rental business. “The idea is to fill this gap—you have empty boats and people who do not have access to these boats.”
He says he has grander ambitions around the Bored Yachts Club. He hopes that it can raise the profile of yachting, for example, and possibly bring “disruptive technologies” into the industry. “We don’t have the Tesla of yachting,” he added.
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Furthermore, given that boats can operate in international waters outside of land-based jurisdictions, Comair sees the Bored Yachts Club as a potential stepping stone to a “crypto city” of sorts tied to a marina. We’ve seen such crypto city plans play out elsewhere to varying degrees, but Comair’s vision has a nautical twist to it.
In the short term, at least, the idea is to launch a real Bored Ape-themed, NFT-gated yacht club. A YachtCoin token is planned to follow, and between potential token price increases and NFT pass royalties, he believes that there’s possible profit for yacht owners and brokers alike—in addition to the charitable element.
And while the original Bored Ape Yacht Club’s path has led to the metaverse, via the upcoming launch of the Otherside game, the Bored Yachts Club has a different destination in mind.
“Instead of a metaverse at the end,” Comair explained, “you have a ‘yachtverse,’ where basically you enjoy yachting instead of video games.”