It is no secret that 2022 thus far hasn't been quite the blockbuster year most crypto enthusiasts hoped it would be.
Popular tokens like Shiba Inu have gone into hibernation mode. And yet, one Metaverse-adjacent token continues to outperform the rest of the market.
Planet of the Apes
Formed out of the NFT community of the Bored Ape Yacht Club, Apecoin ($APE) continues to shine as one of the few major project tokens poised to deliver on the promise of value.
See you on theotherside
Yuga Labs, the brand behind Bored Ape Yacht Club (BAYC), recently announced the launch of its metaverse Otherside. The project will launch on April 30 in partnership with Animoca Brands and will use $APE as its native currency.
According to the project's Twitter account, land sales in the Metaverse will begin on 04/30 via dutch auction. The news initially set off a rally in the value of $APE as fans of the project raced to secure tokens for any potential purchases.