https://wccftech.com/nfts-are-not-dead-apecoin-ape-transforms-into-a-must-have-token-as-the-metaverse-initiative-linked-with-the-bored-ape-yacht-club-bayc-pulls-off-a-historic-debut/

ApeCoin (APE), an Ethereum-based utility token that powers the NFT-focused Bored Ape Yacht Club (BAYC) community, is finding new avenues of growth as the Otherside metaverse initiative kicks off.

On the 30th of April, the holders of ApeCoin who verified their identities were able to bid on 55,000 virtual plots of land in Otherside, a metaverse-focused game being developed by Yuga Labs – the creators behind the BAYC initiative.