ApeCoin, the governance token tied to the Bored Ape Yacht Club (BAYC), announced a new initiative called BluePrint. This initiative is aimed at incentivizing community-driven projects ahead of the much-anticipated launch of ApeChain, ApeCoin’s dedicated blockchain.
Key Points of BluePrint
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 the ApeChain. Additionally, the Blueprint mentions the recently introduced BANANA Bill, which aims to fund ApeChain ecosystem development and provide user incentives. 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.
Technical Framework of ApeChain
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. This development will enable APE to work across multiple blockchains, improving its utility and making it more versatile.
Besides building infrastructure, the BluePrint initiative rewards creators and developers within the BAYC ecosystem. The aim is to build a community-centric environment where contributions are recognized and incentivized. ApeCoin plans to distribute resources and attention to content creators, ensuring that their work gets noticed through a streamlined distribution system. The roadmap includes the continued development of ApeChain, with the official website expected to launch soon.
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