ApeCoin is an ERC-20 governance and utility token for decentralized communities building at the forefront of culture and web3. Yuga Labs, the company behind the Bored Ape Yacht Club ecosystem, is a contributor to the APE ecosystem and is adopting ApeCoin as the primary token for the BAYC ecosystem as well as upcoming metaverse and gaming experiences. APE adoption will be driven largely by communities who are driving culture forward through NFTs, art, gaming, entertainment, community and events.
ApeCoin serves several purposes including:
Best Integration: Best use of ApeCoin in a dApp or application. This includes things like payments and gaming.
Best Contribution: Relates to tooling and experiences around using NFTs in games, phygital, or metaverse experiences. Should use ERC-6551, ERC-4337, ERC-6981 or another new ERC standard in its architecture. The ERC / project should benefit this community (i.e. wallet security, interesting NFT use cases, etc)