What is ApeCoin (APE)?
ApeCoin (APE), a token tied to the Bored Ape Yacht Club (BAYC) NFT collection, was launched in March 2022. APE serves as a utility and governance token within the APE ecosystem, which encompasses a broader range of applications than just the BAYC. The token allows holders to participate in governance decisions and access exclusive features and services within the ecosystem.
ApeCoin represents an expansion of the utility of NFTs, connecting digital asset ownership with participation in a broader community and ecosystem. This token symbolizes the intersection of NFTs, governance, and community in the blockchain space.