ApeCoin (APE)
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Modified on: Thu, 28 Sep, 2023 at 5:05 PM
ApeCoin (APE) is the ERC20 governance and utility token of the APE ecosystem. APE can be used to participate in the Apecoin DAO, as a currency on the platform, to access exclusive areas of the APE ecosystem, and as an incentive for developers to build on the APE ecosystem.
The APE ecosystem consists of a growing stable of interconnected Metaverse and NFT projects, including the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC), and is designed as a decentralized protocol layer that supports art, gaming, entertainment, and events on Web3.
While Yuga Labs, the team behind BAYC/MAYC, are linked to the APE ecosystem, APE is governed by the community via the ApeCoin DAO. The DAO has a Foundation intended to steward the growth and development of the APE ecosystem, which is intended to become more decentralized over time.
Leading members currently include Reddit co-founder Alexis Ohanian, FTX’s Head of Ventures & Gaming Amy Wu, Sound Ventures’ Maaria Bajwa, Animoca’s co-founder Yat Siu, and Horizen Labs’ President Dean Steinbeck.
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