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Jun 23 • 26 tweets • 23 min read
Imitation is the highest form of flattery, so is conceptual art the highest form of NFT evolution? @ryder_ripps is bringing this to the attention of the masses with #RRBAYC, which is a conceptual collection based on @BoredApeYC. (🧵/x)
Let’s start at the beginning: who is @ryder_ripps? A simple google search will provide many answers to this question, all based around the fact that Ryder is an artist. Specifically, he is classified as a conceptual artist based off his past works. en.wikipedia.org/wiki/Ryder_Rip…
@ryder_ripps is not new to the art industry, nor is he a new creator. By visiting his website, one can see he has been creating art for quite some time and has a resume full of projects that we’re completed for and/or collaborated with some big names. ryder-ripps.com
@ryder_ripps was also placed on @Forbes “30 under 30 - Art & Style” in 2016. This was after his first solo exhibition, “Ho,” opened in January at the Postmasters Gallery. forbes.com/profile/ryder-…
One thing to take note of is that #RyderRipps is quite used to being in the limelight as he has been in the forefront of conceptual art for some time. @VICE wrote an article on @ryder_ripps in 2018 garage.vice.com/en_us/article/…
Another thing to take note of is that this is not the first time @ryder_ripps is in the spotlight for controversy. In this @GQMagazine article, it’s reported the @CIA made a statement in 2021 that he did not create their new website design. gq.com/story/ryder-ri…
@ryder_ripps is known for making jokes which he connects to his conceptual art as seen in 2021 when he was again discussed in the news for claiming he designed the CIA’s ‘Terrible’ new website. news.artnet.com/art-world/ryde…
More conceptual art from @ryder_ripps includes work from 2014, when he hired 2 ‘sensual masseuses’ from Craigslist, invited them to New York’s Ace Hotel to create art, asking them to draw anything and recording the exchange. Entitled ‘ART WHORE. dazeddigital.com/artsandculture…
@ryder_ripps is no stranger to picking topics that embroil controversy. In 2017, he created a new work called Diventare Schiavo, or “becoming a slave” which put VR users into a factory assembly line where they were essentially ‘slaves’. steveturner.la/17248/news/ryd…
@ryder_ripps also placed himself in NFT history in 2021 when he won a DMCA takedown over #LarvaLabs. This was historic in the fact that he was the first person to receive a DMCA Takedown regarding NFTs and the first person to really challenge IP rights in the NFT space
Side note: a DMCA Takedown is when content is removed from a website or internet platform at the request of the owner of the content. More can be found here about #DMCA takedowns dmca.com/FAQ/What-is-a-…
Fun fact: @ryder_ripps was involved early on with the Phunks community in the NFT space as he helped @Pauly0x come up with the idea for the #Phunks marketplace.
The #RRBAYC journey began when @ryder_ripps posted Ape 8774 on @foundation in 2021. He wrote in the thread that it is a test as he wanted to see what would ultimately happen.
One might have wondered why @ryder_ripps originally chose @foundation as a platform instead of having a dev write a custom contract, to which he answered:
This test aimed at @yugalabs from @ryder_ripps was to prove his point that IP rights aren’t applicable in the NFT space as there is no case law to reference in court. #RRBAYC
When the #RRBAYC collection was created, @ryder_ripps specifically stated that it is a commentary based on the idea you can’t copy a NFT.
The full statement from @ryder_ripps can be found on the #RRBAYC website. The apes are now sold out, but his statement is still available on the homepage.
rrbayc.com
On 6/21/22, @yugalabs submitted another takedown request of #rrbayc under violation of trademark and the collection was removed from @opensea once again. ImageImage
The trademark violation submitted from @yugalabs towards @ryder_ripps #RRbayc is referencing the logo similarities between both collections. Left image is @BoredApeYC, right image is #rrbayc. ImageImage
In web2 or web3, logo trademark isn’t new. @yugalabs using logo trademark to takedown #rrbayc from @opensea is reminiscent of @Starbucks going after #starpreya back in 2007 for the similarities of their coffee logos.
businessinsider.com/companies-copy…
The takedown of #rrbayc from @opensea doesn’t seem to phase @ryder_ripps and his team as they are working on @ApeMarketplace, which will host sales for RR/BAYC but also @BoredApeYC/#MAYC, #BAKC, and @OthersideMeta #otherdeeds
With the talks of @opensea and @ApeMarketplace, this brings us to the point of royalties from the #rrbayc collection. While most have been set to 0% as of now, not all have been as broken down by @_bassen_ here:
The royalties from #rrbayc are further broken down in this thread by @destroievsky where he emphasizes that @ryder_ripps is still collecting 10% of @LooksRare due to it being set in the EIP-2981 contract that was used off @foundation
@ryder_ripps addressed the fact that he can’t edit the contract on @LooksRare and recommended all buyers use @the_x2y2 instead as royalties have been set to 0% there and we’re also set to 0% on @opensea before #RRBAYC was taken down.
With talks of royalties and marketplaces, one cannot ignore that the secondary sales have added up for the #RRBAYC creators. (🧵/continued below)
Continued thread 🧵 👇

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boxtalks.eth Profile picture
May 12
Another thing to consider with $usdt is that #tether doesn’t disclose specifics about the commercial paper that substantially backs its “stablecoin. There have been unconfirmed reports that the Chinese real estate developer, Evergrande. (A thread 🧵):
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May 12
Another thing to consider if all stablecoins such as $ust and $usdt lose their 1:1 peg, this would cause massive distrust in crypto and the blockchain as a whole, which would (in theory) cause massive sell off, allowing larger corporations to buy up even more #crypto at discount
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May 12
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