Yuga Labs to Launch ERC-20 Ecosystem Token NFT-project Bored Ape Yacht Club (BAYC) in the first quarter of 2022.
Good evening, apes. Been hearing a question around the club a lot:
WEN TOKEN? ??
Wen token indeed . . . Some thoughts below.
— Bored Ape Yacht Club (@BoredApeYC) October 8, 2021
“Launching an ERC-20 token is very simple; it takes a few minutes. It is much more difficult to create a token that is compliant with the law and prepare it in a responsible, sustainable way, ”Yuga Labs said in a statement.
The company is working with the legal team of Fenwick West and the technology firm Horizen Labs, which is the issuer of the token of the same name from the Coinbase Pro listing, to launch the asset.
BAYC is one of the most popular NFT collections on the Ethereum blockchain. According to the CryptoSlam service, the total volume of token sales from the main set was $ 548 million.
In late August, Yuga Labs airdropped Mutation Potions to release a new NFT featuring a mutated monkey for free. The Mutant Ape Yacht Club set has a sales volume of $ 287 million.
Previously, the NFT gaming project Loot also released Adventure Gold (AGLD) token on the Ethereum blockchain. It was created by one of the community members – Will Papper, co-founder of the Syndicate decentralized investment platform.
Adventure Gold is now available for @lootproject! Claim 10,000 $AGLD per Loot bag. ???? Go here to claim: https://t.co/CFUBf3LzW0
Most people will want to use “claimAllForOwner” unless they want to leave some Loot unclaimed.
– Will Papper @ (@WillPapper) September 2, 2021
The next day after the launch of the asset, the FTX exchange conducted a listing related futures.
Recall that in September, a set of 107 NFTs from the BAYC collection went under the hammer at Sotheby’s for $ 24.4 million.
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