The apes are taking over the world. The success of the BAYC started a domino effect, leading to the creation of an entire ecosystem powered by ApeCoin.
Following BAYC’s successful launch and sale of all 10,000 NFTs, Yuga Labs created the “Mutant Ape Yacht Club” and “Bored Ape Kennel Club.”
Yuga Labs also gave BAYC and MAYC owners a week to claim a unique Shiba Inu-inspired dog NFT in June 2021 with the launch of the Kennel Club. Each Kennel Club NFT was randomly generated from 170 different characteristics. Owners were able to sell their Kennel Club NFTs, with 2.5% of each sale on OpenSea donated to real-world animal shelters.
ApeCoin is the ERC-20 token used for governance and transactions within the Ape ecosystem. Holders can participate in the ApeCoin DAO, transact with other participants and gain access to exclusive ecosystem services, games events and items.