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ApeCoin’s APE Surges on New NFT Marketplace Launch

  • Snag Solutions won community support to build the NFT platform.
  • The tiny start-up toppled bids from rivals Magic Eden and multi-chain NFT marketplace Rarible.

ApeCoin (APE) is up 4% in the last week, to $3.24 at the time of writing, following a bespoke NFT marketplace launch for the Ethereum-based governance token. The new platform will support Yuga Labs NFT collections – Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherside Metaverse trades.

ApeCoin NFT marketplace will enable the buying and selling of NFTs with lower transaction fees. Listing in APE tokens will attract 0.25% fees, while those in ETH will be charged 0.5%. The announcement added that 0.25% of the charges would go to the ApeCoin DAO treasury. Additionally, the marketplace will reportedly pass fees and royalties to the community.

(by Jared Kiru)

ApeCoin NFT
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