An Interest In:
Web News this Week
- April 19, 2024
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
March 16, 2022 10:40 pm
Original Link: https://www.theverge.com/2022/3/16/22981916/apecoin-dao-launched-bayc-bored-ape-yuga-labs
Bored Ape Yacht Club creates a cryptocurrency to fund games, events, and merch
Yuga Labs took its next step toward trying to build a broader media empire around the Bored Ape Yacht Club non-fungible token (NFT) series today with the announcement of a cryptocurrency called ApeCoin that will be the “primary token for all new products and services” from the company. That includes a newly announced play-to-earn blockchain game that the company plans to release later this year in partnership with the developer nWay.
ApeCoin’s initial use will be as in-game currency, but it’s being pitched as something that can be used beyond the confines of Yuga Labs’ titles. Starting tomorrow, it’ll be supported in Benji Bananas, a game from Animoca Brands, which also owns nWay. And the hope seems to be that it could be adopted in even...
Original Link: https://www.theverge.com/2022/3/16/22981916/apecoin-dao-launched-bayc-bored-ape-yuga-labs
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge