Stock Groups

Yuga Labs Partners with ApeCoin, BAYC NFT Holders Get APE Tokens -Breaking

by Mike Robinson

[ad_1]

Yuga Labs Partners in ApeCoin. BAYC FT Holders get APE tokens
  • Yuga Labs has announced their new partnership with ApeCoin, a token that allows users to play-to-earn.
  • BAYC NFTs Holders are set to be awarded ApeCoin tokens in a reward.
  • Yuga Labs says that APE is the primary token used for Yuga Labs’ play-to earn games.

Yuga Labs was one of the top-growing crypto startups in 2018. It is the startup behind NFT project Bored Apes Yacht Club. (BAYC) was launched April 20, 2021. It quickly rose to the top of NFT projects by market value.

Bored Ape Yacht Club members will receive an additional token, ApeCoin (APE). Being a member of this exclusive digital asset club is rewarded. Holders of BAYC NFTs will have the opportunity to receive around 10,000 APE tokens.

Yuga Labs is not responsible for the creation of the ApeCoin. ApeCoin DAO is the developer of this new token. It’s not Yuga Labs. DAO is an organization that makes use of blockchain tokens to vote to make collective decisions.

ApeCoin does not require members to have NFTs in order to vote.

Apart from the voting process, ApeCoin can also be used to fund play-to earn game Benji Banana. The game was developed by Animoca Brands in Hong Kong, which is also the owner and operator of nWay.

BAYC launched last April and quickly grew to become one the top-rated NFT collections. As a result, BAYC continues to add high-profile celebrities to their owners’ lists.

CoinQuora reported that Yuga Labs has acquired Intellectual Property rights for the CryptoPunks & Meebits collections. Yuga Labs increases its dominance in the NFT market.

Continue reading on CoinQuora

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]