Bored Ape Yacht Club Teases Metaverse Launch

22nd March 2022
Bored Ape Yacht Club Teases Metaverse Launch
Image Credit: Yugalabs Trailer Screen Grab

Yugalabs, the company behind Bored Ape Yacht Club, has released a trailer teasing “Otherside”, a possible new metaverse served by their recently-launched cryptocurrency Apecoin ($APE).

The trailer features an animated Bored Ape named “Curtis”. Iconic characters including CryptoPunks, Meebits, World of Women and Cool Cats also appear, which hints at a potential collaboration with these other NFT projects.

The trailer comes close on the heels of Yuga Labs’ recent acquisitions of the CryptoPunks and Meebits IP rights from Larva Labs.

On March 17, Animoca Brands founder Yat Siu tweeted a link to a URL called somethingisbrewing.xyz, a website featuring the same visuals found in the trailer.

$APE gains popularity

Last week, nWay, the company behind Power Rangers: Battle for the Grid, partnered with Bored Ape Yacht Club to make a new Play to Earn game that will also adopt $APE as its native cryptocurrency.

Time Magazine also announced that it will be accepting $APE for digital subscriptions in the coming weeks.

Earlier this week, BAYC NFT holders were airdopped 10,000 Apecoins apiece (15% of the total supply) yesterday as part of the broader “ApeDAO” campaign. Of the remaining supply, 47% will be sent to the ApeDAO treasury, 16% to parent company Yuga Labs, 8% to the BAYC founders and 14% to launch contributors.

$APE peaked at US$39.40 five minutes into its first day of trading before falling as much as as 80%. At the time of writing, $APE is trading at US$11.33.

Written by Bread News Team
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