- To encourage community innovations with a Bored Ape Yacht Club motif, ApeCoin revealed a new set of initiatives called BluePrint. This is in advance of the much-anticipated debut of the ApeChain network, which an employee of Yuga Labs claimed “will be launching soon.”
- In order to encourage the development of consumer applications, the project is using Arbitrum’s Stylus code environment and stepping up its recently introduced Reboot Protocol.
ApeCoin is reshaping its roadmap with a fresh set of projects dubbed BluePrint, per one of the creators of the well-known NFT brand Yuga Labs.
Specifically, the project with the subject of “Bored Ape Yacht Club” intends to release consumer-grade applications to draw in new users and encourage community development on the upcoming ApeChain network, which an employee of Yuga Labs stated “will be launching soon.”
“ApeChain is placing a strong emphasis on killer day one content partners, a full ecosystem site that makes locating the best content on the chain simple, and a suite of developer tools that make deploying unique experiences to ApeChain seamless,” as the company is betting that apps are what matter most, said Greg Solano, the co-founder of BAYC and Yuga Labs.
Launched in early 2021, the Bored Ape Yacht Club was a market-leading NFT series that enjoyed sponsorship from corporate brands and celebrities during the previous bull market.
By granting token holders the authority to create their own original works of art and by introducing a number of metaverse and gaming items, the project expanded its intellectual property.
In 2022, Yuga contributed to the development of ApeCoin, a tool for encouraging development and supporting community governance.
With the aim of enabling “users to easily navigate the ecosystem and discover new decentralized applications” that will make use of the native chain, the team is currently preparing to launch ApeChain, a new website for their planned Ethereum Layer 2 blockchain.
To facilitate onboarding, ApeCoin has also partnered with Decent, Privy, and Halliday, three web3 commerce platforms. Using payment companies MoonPay and Stripe, Halliday said in an X post that it is developing a fiat-to-crypto onramp that will be able to “accept payments in any token from any blockchain.”
These kinds of “distribution channels,” according to Solano, will “help creators get noticed.”
Additionally, ApeChain is intensifying its Reboot Protocol, which was created in tandem with the NFT platform Pixel Vault as a toolset for game developers that pays out to users who wager and win skill-based games on-chain. The recently released Arbitrum Stylus coding tool for creating dapps will be integrated by the team.
These actions are being taken when NFTs and the Bored Ape Yacht Club are experiencing a general period of stagnation.
The NFT series is now trading at a price floor of roughly 11 ETH (~$27,000 at current rates), down from a period where certain non-fungible tokens traded for millions of dollars. The series has not yet fully recovered from the market meltdown in 2022.
In an effort to breathe new life into Yuga Labs, Solano formed a small, highly driven internal team called “The Workshop” in February to spur development after former CEO Daniel Alegre left the company and eliminated multiple positions in April.
The Workshop, according to Solano, is made up of “13 of our best engineers and product people.” Just doers, no fat.” The group’s primary goal is to accelerate ApeChain’s uptake. ApeChain is presently operational on the testnet, with a mainnet deployment anticipated shortly.
There have been rumors of an impending launch since several prominent BAYC influencers and Yuga staff members uploaded new ApeChain banners on X on Wednesday.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
