ApeCoin Unveils the Blueprint for ApeChain, Focusing on Content, Tools, and Distribution

Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the “Blueprint” for its layer-2 solution ApeChain

ApeCoin has unveiled the “Blueprint” for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy.

According to a press release shared with crypto.news, ApeCoin is prioritizing content partners, developing a user-friendly ecosystem site, and providing robust developer tools in the first phase of ApeChain's rollout.

ApeChain is setting its sights on “killer day one content partners” to make it easy to find the “coolest stuff on the chain,” said Greg Solano, chief executive of Yuga Labs, in the press release. The network will also focus on incentives and distribution channels “that help creators get noticed,” Solano added.

To achieve this goal, ApeChain has partnered with web3 firms like Halliday, Decent, and Privy to integrate onboarding and fiat onramps via the ApeChain Portal.

Another component of the ApeChain network will allow users to bet on events or individuals via the Reboot Protocol, in addition to the Native Yield system designed for withdrawals of assets like ApeCoin (APE) and Ethereum (ETH). ApeCoin says ApeChain's strategy aligns with Arbitrum milestones, including the integration of Stylus, which allows blockchain developers to build smart contracts using WebAssembly-compatible languages.

As crypto.news reported earlier, the ApeCoin DAO community approved the development of ApeChain on Arbitlum, with backing from Horizen Labs, in February. The technical roadmap indicates that APE tokens will serve as both the gas and governance token for the new network. A few months later, in July, the ApeChain network launched its testnet, named Curtis.