Launched in March 2022, the ApeCoin (APE) cryptocurrency is the native token of Yuga Labs' renowned BAYC (Bored Ape Yacht Club) NFT collections. A small revolution in the crypto market, this token is intended for multiple uses, such as video games, services, merchandising and the Otherside Metaverse, launched in 2022 by Yuga Labs.
Based on the Ethereum blockchain, ApeCoin is a governance token. Certain holders play an important role in decision making . ApeCoin will benefit from speculative interest in non-fungible tokens (NFT).