The native cryptocurrency of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, rose over 40% over the past week — up 120% since its debut on March 16 at US$16.30 apiece.
The BAYC is a collection of 10,000 unique Bored Ape non-fungible tokens built on the Ethereum blockchain. Yuga Labs, the team behind BAYC, is building its own metaverse called “Otherside” which will be "powered by ApeCoin". The highly-anticipated project will be launched on April 30, according to a trailer released on March 19.
