ApeCoin, the governance token tied to the Bored Ape Yacht Club (BAYC), announced a new set of initiatives called BluePrint. This initiative is aimed at incentivizing community-driven projects ahead of the anticipated launch of ApeChain, ApeCoin’s dedicated blockchain.
ApeCoin's Key Initiatives
As part of the BluePrint initiative, ApeCoin announced plans to build consumer-grade applications, promote content partnerships, and streamline development on the ApeChain network. According to Greg Solano, co-founder of Yuga Labs and current CEO, ApeChain is putting a strong emphasis on 'killer day-one content partners' to make the user experience engaging from the start. The initiative will reportedly prioritize the creation of decentralized applications (dApps) and offer tools that make it easier for developers to deploy smart contracts and other Web3 experiences on ApeChain. Additionally, BluePrint mentions the recently introduced BANANA Bill, which aims to fund ApeChain ecosystem development and provide user incentives. Per reports, ApeChain will adopt several key Arbitrum roadmap milestones, including Stylus, Timeboost, BoLD, and Cluster Chains.
Key Collaborations and Ecosystem Growth
ApeCoin has partnered with several Web3 firms, including Halliday, Decent, and Privy, to help smooth the onboarding process for new users. These collaborations are designed to reduce barriers to entry for new participants by integrating fiat on-ramps through the ApeChain Portal. Beyond building a seamless user experience, ApeChain will also include components like the Reboot Protocol, which will enable users to place bets on events or individuals, and a Native Yield system for handling withdrawals in both ApeCoin and Ethereum.
ApeChain’s Technical Framework
One of the major technical highlights of ApeChain is its integration with Arbitrum, an Ethereum Layer 2 scaling solution. In early 2024, the ApeCoin DAO voted to build ApeChain as a Layer 3 network on Arbitrum Orbit. The decision was driven by the need for scalability and efficiency in order to overcome the challenges ApeCoin has faced in obtaining adoption on the Ethereum network. ApeChain’s roadmap includes offering APE as an Omnichain Fungible Token (OFT) using LayerZero technology. With this development, APE will be able to work across multiple blockchains, improving its utility and making it more versatile.
The BluePrint initiative is aimed at developing infrastructure and creating a supportive environment for communities and developers within the BAYC ecosystem. This includes distributing resources and increasing visibility for content creators, with the goal of building a friendly and responsive ecosystem. The development of ApeChain will continue, with the official website expected to launch soon.
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