[ec109685]

Something like BOYC couldn't have been build in a traditional centralized manner. 4 founders had the idea of this club and were able to build it up on the back of Ethereum without any permission needed or their own infrastructure. It might not be worth it, but that's something unique that hasn't been possible before.

[jasonshaev]

Serious question: what did they actually build?

They create images and sell them on someone else's network. I could list a JPG on eBay without having to run any infrastructure either.

[ec109685]

Listing jpg’s on eBay wouldn’t get you a cut every time one of those jpgs was sold. You couldn’t easily airdrop items to holders of your apes, etc.

[lupire]

They built a weird business that made them rich.

If it wasn't built on crypto hype, it wouldn't have been popular.