{"id":85925,"count":14,"description":"<span style=\"font-weight: 400\">ApeCoin's origin can be traced to the popularity of the Bored Ape Yacht Club (BAYC), a collection of 10,000 unique Bored Ape NFTs on the Ethereum blockchain. BAYC was created in early 2021 by Yuga Labs and quickly became one of the most popular NFT projects, with Apes selling for hundreds of thousands of dollars. As the popularity of BAYC grew, so did the demand for a utility token to use within the ecosystem. Yuga Labs, the company behind BAYC and CryptoPunks, another NFT collection, answered by creating ApeCoin (APE) in March 2022.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400\">ApeCoin is an ERC-20 governance and utility token with a maximum supply of 1 billion APE. It serves as the governance token for the APE DAO, which funds new projects, partnerships, and initiatives to further develop the ApeCoin ecosystem. As a governance token, ApeCoin owners vote on the direction of the APE ecosystem's development. At the same time, ApeCoin news in the media is known to influence the decisions of ApeCoin holders.<\/span>","link":"https:\/\/wncen.com\/news\/apecoin-ape\/","name":"APE","slug":"apecoin-ape","taxonomy":"category","parent":3,"meta":[],"acf":[],"yoast_head":"\n<title>Apecoin News | APE News Today | NewsBTC<\/title>\n<meta name=\"description\" content=\"Check out the latest Apecoin (APE) news today! We cover price, forecasts &amp; the latest updates. NewsBTC will keep you up to date with crypto!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/apecoin-ape\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apecoin News | APE News Today | NewsBTC\" \/>\n<meta property=\"og:description\" content=\"Check out the latest Apecoin (APE) news today! 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