Best known for creating the Bored Apes Yacht Club (BAYC) NFT collection, Yuga Labs launched ApeCoin, an ERC-20 governance and utility token used for the ApeCoin decentralized autonomous organization (DAO). People who wanted to participate in the “Otherside” metaverse project would have to purchase an NFT with APE if they didn’t have a Bored Ape or Mutant. Each “Otherdeed” NFT, representing a title to virtual land in the “Otherside” metaverse, was on sale at a flat price of 305 APE.
Smart Money Wallets Are Unloading APE, Filling Up on aSTETH, Nansen Data Suggests – CoinDesk
