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What Is ApeCoin and Who Is Behind It?

What Is ApeCoin! A carefully coordinated marketing campaign takes great pains to distance the new token from Yuga Labs, but the firm that created the Bored Ape NFTs appears to be deeply involved.

Earlier this week, it was announced members of the Bored Ape Yacht Club NFT collection would be getting their very own cryptocurrency, ApeCoin.

The passive voice there is intentional. ApeCoin is explicitly linked to these famously pricey non-fungible tokens and is very much involved with Yuga Labs, the company stewarding the intellectual property behind the Bored Apes. But a carefully coordinated marketing campaign has taken great pains to dissociate ApeCoin from anyone conventional corporation.

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