Thread by @CryptoEdgar_

1/11
Yesterday @Stepnofficial sent out a teaser to all of us which made everyone speculate on a potential partnership with @BoredApeYC

https://twitter.com/Stepnofficial/status/1539882926644809728

I think it might be a little different and I'm going to break down my theory below (Not Financial Advice)👇

2/
Moderators in the @BoredApeYC Discord weren't really aware of any potential collaboration. It's possible that they're not up-to-date on everything that's happening just like @CM_Gilgamesh isn't informed on all details in #STEPN but it got me thinking.

3/
Let's put the pieces of the puzzle together.
There's a lot of buzzing around #Ethereum being the potential third realm and we know that #NFTs are huge on both @solana as well as @ethereum
In the AMA of 05/03 @Jerry10240 stated that they're not planning to run the game on Eth.

4/
My theory is that #STEPN wants to increase their influence in the NFT space and attract holders from other verified blue chip projects by leveraging their customised sneakers.
In the AMA of 14/05 (

https://twitter.com/CryptoEdgar_/status/1525480494342754305

) @yawn_rong spoke about "Shoe skins" and "Panda skins".

5/
Think about it. #BAYC holders hold the trademark to their #NFT

@economist asked the question several months ago (

https://twitter.com/economist/status/1436784524499824643

) on how holders have used their apes for commercial purposes and wrote a @Medium article about it (medium.com/@deconomist/bo…).

6/
What if #STEPN is now trying to build on top of this? What if they want to reach out to the #BAYC holders, ask them for the rights to their trademark and use it as skins on their sneakers?
The original NFT holder would receive a share of each sold sneaker with their ape skin.

7/
This wouldn't require an official @BoredApeYC partnership and is in line with what @NGBxShpend shared in the Discord.
"doing something for apes trying to include them"
Bored Ape holders would thus be able to monetise their NFT and perhaps market it & bring new users to #STEPN

8/
It should be pretty easy to have a wallet with a Bored Ape sign a digital contract which verifies him/her as the holder and agrees to the request of @Stepnofficial to use their NFT.
It also sets a precedent for other blue chip NFT holders which own the trademark to their NFT.

9/
#STEPN would then collect the right to several NFTs and add them to their "Skin pool" which could come in handy in their "re-roll sneaker skin" aka "panda skin" event.

This is of course just a theory but I wanted to set out a new line of thinking.

10/
They might have already acquired the right to some apes in order to facilitate the Ape sneakers as mentioned in their latest tweet (

https://twitter.com/Stepnofficial/status/1540658277151014912

). Perhaps they bought some Bored Apes themselves or have agreements with some of its current holders.

11/
What do you think?

Are we on the right track with this kind of thinking or perhaps there are some flaws which have been overlooked?

What are some of the other questions that would need an answer?

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