Will Apecoin’s Next Big Launch Bring NFTs Back To Life?
NFT
Earlier in September of this yr, it was rumored that NFT large Yuga Labs was presumably engaged on a brand new NFT Assortment referred to as “Mecha Apes” with a potential introduction on the fag finish of the yr.
Mecha Apes Launch Introduced
This appears to be true, with Alexei Koseff, Yuga Lab’s Group Supervisor, sharing in a tweet that, the NFT behemoth will likely be releasing the a lot anticipated “Mecha Apes” by this yr’s December.
Together with that, Alexei additionally revealed {that a} new blockchain-based gaming platform will likely be launched in parallel with Mecha Apes and will likely be powered by their native token Apecoin (APE).
Mecha APES BY Yugalabs will likely be launched this December together with the brand new Blockchain gaming platform powered by $APE.
🍌https://t.co/a6mSlch0Ib
Within the meantime, Now you can join the whitelist to safe an ape when our assortment drops! pic.twitter.com/HXBHpEnBw7
— Alexei Koseff (@akoseff) November 28, 2022
As per Alexei’s current tweet, Yuga Labs have opened their whitelist for customers to register and safe their positions for the upcoming NFT drop.
Steep Decline In NFT Gross sales
NFTs have proven a pointy decline in buying and selling volumes in current occasions. It decreased by 97% from a file excessive in January of this yr to a mere $466 million in September. The most important NFT buying and selling platform by quantity, OpenSea, suffered a 75% decline in gross sales from simply two months earlier.
Whereas the nascent NFT market benefited from cryptocurrency value positive factors and high-risk urge for food amongst traders in 2021, these circumstances have turned sharply in 2022, because the central financial institution’s improve in charges and the current FTX saga have prompted traders to ditch dangerous belongings like digital belongings.
Can This Set off An NFT Pump?
Nevertheless, Yuga Labs being an NFT powerhouse, with noteworthy tasks like Bored Ape Yacht Membership (BAYC), Bored Ape Kennel Membership (BAKC) and the metaverse challenge referred to as “The Otherside” — all eyes at the moment are on the NFT large to deliver again the NFT house to its former glory with the launch of its upcoming merchandise.
The agency additionally just lately acquired the IP rights of “CryptoPunks” which was as soon as seen as its largest competitor to BAYC.
Learn Extra: Yuga Labs Acquires WENEW & Its Flagship NFT Sequence 10KTF
