Bored Ape Yacht Club Creator Proposes Allowlist for NFTs
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Nov. 8, 2022

Yuga Labs, a firm behind the Bored Ape Yacht Club collection, is thinking over a new way how to incentivize activity around the NFT market and reward creators with royalties for trading blue-chip tokens.

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Wylie Aronow, the co-founder of Yuga Labs, suggested in a Substack blog an allowlist, which would allow trading digital collectibles between normal non-custodian wallets and would allow marketplaces "that respect royalties."

If the system identifies that a transfer order was triggered by a smart contract, the allowlist should re-check an oracle of contracts that are known to respect royalties, wrote Aronow.

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In case the order was initiated by an externally owned address, then the system should grant permission as this type of transfer might be initiated by someone making an over-the-counter trade, or moving their own NFTs around, he added.

Aronow also acknowledged there might be a governance problem as only the governing or decentralized autonomous organizations should be allowed to regulate the allowlist.

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