NFT Background

NFT technology is currently limited to a degree. Many projects are simply limited to “Profile picture” or “Avatar” collections, and an astonishing number of them claim future utility and integrations in the Metaverse. It's fair to say that some of these projects will deliver, although the promises are generally vague. Few of them go beyond that scope, or even attempt to. We see an opportunity to expand the functionality of non-fungible tokens.

The beauty of an NFT is that it is not interchangeable with another. Collections like Bored Ape Yacht Club have pioneered this membership/club aspect. Recently, some NFT and DAO projects have begun stepping outside of this limited role, by using their treasuries to establish income generating businesses and income streams outside of Web3. This is where we step in. Swole Apes NFT can be seen as not selling an existing business through decentralized technology, but building one together using it.