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BAYC sees 407% increase in volumes thanks to this new issuance
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Non-fungible tokens (NFTs) entered 2022 the way they did in 2021 – on a high. Two of the top NFT projects, the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC), led the sales statistics. BAYC and MAYC topped the charts on blockchain research platformDappRadar in top sales figures over 24 hours. BAYC had the most number of sale activities followed by the latter.
Well, here’s the reason behind this surge.
BAYC announced the issuance of ApeCoin ($APE) on 17 March. “A decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.”
<p lang=«en» dir=«ltr» xml:lang=«en»>Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. Read more on ambcrypto.comAbout this in other media
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