![]() ![]() ![]() Now that Fox is part of Disney, all the Planet of the Apes rights are on Disney’s side. However, it earned its rightful place among big sagas.įrom the beginning, the franchise has been in the hands of 20th Century Fox, which was the producer of the first film. Whether its star continues to rise-or flares out-remains to be seen.īut a leaked pitch deck circulated online and viewed by Fast Company, allegedly from Yuga Labs, describes ApeCoin as just one strand in a greater design-to craft a Web3 universe it calls “a metaverse that makes all other metaverses obsolete,” built around gaming and stretching beyond Bored Apes to support a range of avatars including Doodles, Cool Cats, and World of Women NFTs.Through the decades, Planet of the Apes has turned into a solid franchise that perhaps hasn’t been as widely popular as Star Wars, Harry Potter, or Marvel movies. According to the website, it boasts a total market capitalization of $1.3 billion. (The cheapest NFT in the series is now worth 102 ETH, or $300,600 on OpenSea.)ĭespite the volatility, in its infancy, ApeCoin is already the 48th largest cryptocurrency, according to CoinMarketCap, out of more than 12,000 cryptocurrencies in existence. If sold at the right time, it was a massive infusion of cash for the ape community, some of whom were already rich enough to afford million-dollar digital avatars, including Hollywood celebrities-but others of whom had bought their apes for a handful of ETH before the craze drove the yacht club’s floor prices skyward. But it was made more extreme by a sizable airdrop of ApeCoins to Bored Ape owners at the token’s low point, which they could claim for free- and many did, catalyzing a fresh round of volatility in ApeCoin value.įor some, airdropped coins amounted to upwards of $500,000 at the market’s peaks. The wild ride was perhaps unsurprising given the collision of hype culture with a euphoric cryptocurrency market. ![]() That’s as Yuga has been careful to distance itself from the token, amid growing regulatory scrutiny of cryptocurrencies as unregistered securities. ![]() (It has since settled at around $10 as of midday Monday.)ĪpeCoin banks on the universe of 2-D primates developed by Yuga, although the coin’s “official” launch was piloted by a decentralized autonomous organization called ApeCoin DAO, for which initial council members include Reddit cofounder Alexis Ohanian. For one, it comes on the heels of a new cryptocurrency token said to power Otherside’s marketplace, called ApeCoin, which made its trading debut Thursday morning to wild volatility-with its price swinging from highs of over $50 to lows of roughly $6 within hours. The trailer’s drop follows an explosive week for Yuga. ![]()
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January 2023
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