ApeCoin represents one of the top NFT brands that has stormed the crypto universe recently. APE (APE/USDT) was launched in MEXC Innovation Zone on March 17, with an opening price of 1 USDT. APE highest price reached 50 USDT. Let’s take a deeper look at what this token is!
What is ApeCoin?
ApeCoin is the governance and utility token that works for the Bored Ape Yacht Club (BAYC) community and related companies. APE airdrop has been one of the most anticipated in the NFT world due to the massive popularity of the BAYC brand. It was airdropped to participants and holders of Bored Ape Yacht Club, Mutant Ape Yacht Club. Some token is also allocated to holders of Bored Ape Kennel Club.
ApeCoin does not yet have a big followers base, but it is backed by some serious NFT names. The primary institutions that is connected to ApeCoin is Yuga Labs, which is considered one of the more well-known names in the NFT world. Even though it does not have big amount of support right now, the future for APE seems bright, given the popularity of the brand that it represents.
APE and OpenSea
The value of ApeCoin raised after NFT marketplace OpenSea confirmed that it would accept APE for at least some NFTs, potentially including Otherdeeds. More use scenarious for ApeCoin should help the value long-term, so that’s now seen as a good thing. Meanwhile, Yuga Labs has requested the ApeCoin DAO to hold a vote on whether APE could migrate from Ethereum to its own blockchain.
ApeCoin comes from NFT World
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