$APE Short
Ape is the token from the renowned NFT ecosystem Bored Ape Yacht Club, built to serve as the central currency for Web3, gaming, and the metaverse surrounding this brand. The token launched in 2022 by ApeCoin DAO and operates on the Ethereum blockchain as an ERC-20.
An important point is that ApeCoin isn't just a 'meme coin', despite its association with the highly viral ape imagery. In fact, it represents one of the first efforts to expand NFTs into a fully-fledged digital economy, where tokens, games, and communities work together. Products like games, events, or merch within the ecosystem can all integrate APE as a payment medium.
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