ApeCoin Surges in Value Following Announcement of Free-to-Play Game
ApeCoin, the digital currency associated with Yuga Labs’ Bored Ape Yacht Club (BAYC) ecosystem, experienced a notable surge of over 10% on Wednesday after announcing a new free-to-play edition of the BAYC-themed game Dookey Dash. This surge in value resulted in ApeCoin reaching a high of $1.66, reflecting an 11.3% increase in the past day and 18.4% over the week.
Dookey Dash Now Publicly Accessible
Previously, the game was exclusive to holders of the Bored Ape Yacht Club’s Sewer Pass NFTs. However, Yuga Labs recently announced that a publicly accessible edition of Dookey Dash will be launched in Q1 2024. The trailer for this new version featured ApeCoin logos, although it has not been confirmed whether in-game rewards will be distributed via ApeCoin.
Special Benefits for NFT Collection Owners
Yuga Labs also announced on Twitter that owners of NFT collections, including Bored Apes and Mutant Apes, will receive special “token benefits” in the new edition of Dookey Dash. The game is set to be available on multiple platforms and is expected to launch in February.
About ApeCoin and Bored Ape Yacht Club
ApeCoin is an Ethereum-based token that serves as the official currency of the BAYC ecosystem. It was developed by the ApeCoin DAO, a decentralized autonomous organization responsible for governing the token and its future development. Initially distributed to BAYC and MAYC holders, ApeCoins are used for voting on governance proposals within the community.
Hot Take: ApeCoin’s Surge Highlights the Power of Gaming in Crypto
The surge in ApeCoin’s value following the announcement of the free-to-play game Dookey Dash demonstrates the significant influence of gaming in the crypto industry. By making the game accessible to a wider audience, Yuga Labs has created an opportunity for more people to engage with the Bored Ape Yacht Club ecosystem and participate in the ApeCoin economy. This move not only enhances the value and utility of ApeCoin but also strengthens the community by offering special benefits to NFT collection owners. As gaming continues to intersect with crypto, we can expect further innovations and growth in this exciting space.
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