A long-rumored crypto coin linked to the Bored Ape Yacht Club NFT community was made public for the first time.
Twitter posts from the official Bored Ape Yacht Club (BAYC) account on Twitter have described the launch of the ApeCoin ($APE), a cryptocurrency that is linked to gaming and virtual experiences, after an article from The Block on some of the activities planned by Bored Ape developer Yuga Labs.
A decentralized autonomous organization (DAO) and a supporting foundation are essential to the token's success.
To put it another way, "Ape Foundation supports ApeCoin DAO and will allow the community to construct blockchain games and services, hold events (in the metaverse or in real life), and produce digital and physical products...as well as anything else you can dream of."
Curious about Crypto?
Earn $10 in Bitcoin with your first $100 purchase on Coinbase!
Sign up here: https://bit.ly/coinbasetoday1
Got Crypto? Earn & Borrow with Celsius
Learn more here: https://bit.ly/NFTcelsius