Yuga Labs posted to Twitter a trailer teasing the launch of a Bored Ape Yacht Club metaverse project in April, featuring their Ape NFTs. The video by @yugalabs was later reposted by American rock band The Doors whose song Break On Through (to the Other Side) features in the trailer.
The video features a Bored Ape NFT come to life and travelling around a metaverse, meeting CryptoPunks, Meebits NFTs and others.
Those two collections were recently acquired by Bored Ape Yacht club creators Yuga Labs on March 15th, causing the floor prices of all three NFT collections to rise.
A Mutant Ape Yacht Club NFT also makes an appearance flying a spaceship through the virtual world.
The Otherside video trailer can also be found on the Bored Ape Yacht Club Youtube channel.
Screenshot from the Yuga Labs metaverse video
The trailer is ‘powered by ApeCoin’, a new crypto token that Bored Ape and Mutant Ape NFT holders received first by airdrop.
It was then listed to almost every major crypto exchange, becoming the top trending coin on Coinmarketcap, where it’s currently ranked #42 by market cap and is on over 100,000 people’s watchlists.
ApeCoin (APE) was launched by ApeCoin DAO, a decentralized autonomous organisation separate to but affiliated with BAYC and their plans for an NFT metaverse project.
APE on Coinmarketcap.com
The new coin, an ERC-20 token on the Ethereum blockchain, is said to be the governance token and native currency that powers the whole BAYC ecosystem, which as of April it appears will also include a metaverse, a virtual universe.
Metaverse coins like Decentraland’s MANA and The Sandbox’s SAND are increasingly popular with crypto investors in 2022.
We’ll be following news developments around ApeCoin and the BAYC metaverse closely – being listed on the largest cryptocurrency platforms like Coinbase, Binance and eToro so early in its creation suggests it could reach mass adoption.
Bored Ape Yacht Club makers Yuga Labs have already raised $ 450 million for their metaverse project from seed round investors, including big names like Google, Samsung, Adidas, FTX exchange, and celebrities such as Snoop Dogg, Shaq and Steve Aoki.
Cryptoassets are a highly volatile unregulated investment product.
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