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Gungun Bhatia
Nov 24, 2022
by Gungun Bhatia

ApeCoin DAO Launches Community-Driven NFT Marketplace

ApeCoin DAO NFT

Table of contents

  1. Launch of Community-Driven Marketplace
  2. Empowering Creators by Unbundling Markets
The ApeCoin DAO has unveiled its own white-label non-fungible token (NFT) market, which is community-driven and consists of ApeCoin holders. In March, the Bored Ape Yacht Club (BAYC)-affiliated APE ecosystem introduced ApeCoin, an Ethereum-based administration and utility token.

Launch of Community-Driven Marketplace

The newly launched community-driven marketplace has NFTs for trade from Yuga Labs-owned NFT collections, including BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), and Otherdeed for Otherside. It was created by non-fungible token (NFT) infrastructure startup Snag Solutions.

According to the platform's CEO, Zach Heerwagen, special capabilities designed particularly for the BAYC and Otherside communities, like ApeCoin staking and NFT metadata integrations, are available.

Empowering Creators by Unbundling Markets

Additionally, the community-driven platform provides lower costs for sellers 0.5% for ETH transactions and 0.25% for ApeCoin transactions. Additionally, it retains 0.25% of each sale in a multi-signature wallet to finance upcoming decentralized autonomous organization (DAO) projects, providing a decisive victory for ApeCoin owners.

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Non-Fungible Token (NFT) Decentralized Autonomous Organization DAO ApeCoin DAO Community-Driven NFT Marketplace Snag Solutions
ApeCoin DAO Launches Community-Driven NFT Marketplace
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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