BAYC Prepares To Launch Metaverse, Will ApeCoin (APE) Price Soar To The Sky?

APE will be the native token in the Bored Ape metaverse. (ApeCoins)

JAKARTA – In the framework of one year of making NFT Bored Ape Yach Club (BAYC) since April last year, at that time BAYC was on presale and each BAYC item was sold for 0.08 Ethereum on April 23, 2021.

CoinCu reports that since then the price of BAYC has breached its all-time high of 125 ETH. Up 1562 times. The price of Ethereum is also about 25 percent higher now due to 2,400 US dollars at the time.

Bored Ape Metaverse Will Launch April 30

The developer announced that the Bored Ape Metaverse will launch on April 30. Before BAYC and its metaverse came into the spotlight, the price of its main token, ApeCoin (APE) managed to break its all-time high (ATH) on April 23 at a price of IDR 261,153 per token, according to data from Coinecko.

Apart from launching the metaverse, APE will also be used as its governance token. This means that APE will be able to be used for transactions in the Bored Ape metaverse. This will make APE have more value and potentially increase its price.

According to leaked information, as many as 200,000 virtual plots of land in Otherside will be sold. The virtual land is in the form of NFT. Owners will receive a number of additional perks and voting rights for the Bored Ape metaverse project.

APE also has its own decentralized autonomous organization (DAO) ApeCoin DAO. This organization will oversee the land on the Otherside. It is not yet known whether the virtual land will be able to be purchased with APE crypto currency or other tokens.

ApeFest 2022 event in Manhattan

In addition to the launch of the metaverse, BAYC will also hold an event titled ApeFest 2022 which will be held in Manhattan from June 20 to 23, 2022. The ApeFest event will be held in conjunction with the annual non-fungible token conference, namely NFT.NYC.

Previously, BAYC has collaborated with Coinbase to release the film The Degen Trilogy which will feature selected ape characters. In December 2021, ADIDAS was reported to have collaborated with BAYC in the release of its NFT. However, until now there has been no leak related to the release time of the collaboration NFT.