What is ape coin?

Ape Coin is issued and managed by the Ape Coin DAO. This technically is not supposed to have anything to do with Yuga Labs. It is a separate decentralized entity that holds the IP rights to the Ape Coin logo and manages decisions around minting and other community related concerns. Ape Coins holders can use their coin to vote on DAO decisions

Is apecoin (ape) a good investment?

However, unlike Dogecoin or Shiba Inu, ApeCoin might actually provide some real utility and be here for the long haul. ApeCoin (APE) is an Ethereum -based token linked to the Bored Ape Yacht Club NFTs. Bored Ape Yacht Club NFTs are one of the most successful NFT projects to date. Bored Apes have sold for unthinkable prices.

What is the utility part of apecoin?

The utility part refers to using APE coins for whatever utility new projects demand. For example, ApeCoin will be used for a play-to-earn mobile game, Benji Bananas, owned by nWay. Just as Axie Infinity players earn tokens in tactical arenas, so will they earn APE coins for all upcoming games within the APE ecosystem.

Can you buy T-shirts with ape coins?

You can already use Ape Coin to purchase Merchandise like t-shirts from Yuga Labs. You can also use Ape Coin as in-game currency for Animoca Brands’ game: Benji Bananas . What’s more interesting is that TIME magazine have announced that you can purchase a subscription with Ape Coins.