👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Does the Bored Ape Yacht Club Plan to Sell Virtual Land and Launch APECoin Token? 

Published 03/16/2022, 01:00 PM
Updated 03/16/2022, 01:30 PM
Does the Bored Ape Yacht Club Plan to Sell Virtual Land and Launch APECoin Token?

The Block news outlet recently reported that the famous Bored Ape Yacht Club (BAYC) is planning virtual land sales along with the launch of APECoin token for purchases in the BAYC’s metaverse gaming project.

The news became viral when The Block said they obtained a pitch deck from Yuga Labs, the team behind BAYC. According to a paper, the creators projected revenue of $455 million for metaverse and virtual land sales.

“In total, 200,000 plots will be distributed across two sales in March and August this year — and Yuga hopes to raise $178 million (in addition to secondary sale proceeds) from each sale,” The Block shared about BAYC’s plans.

The unconfirmed outlay of the 2022 plans include the following:

  • January: BAYC vs. MAYC Game
  • March: APE Token and Metaverse 1-100k Land Sale (Projected $180m revenue)
  • March: Merch Drop
  • May: Airdropping of Kodas (Mintable NFTs) ($2.3m revenue)
  • May: Trezor Hunt
  • June: APE Fest (+ Merch)
  • August: The trial of Jimmy the Monkey
  • August: Metaverse 101k-200k Land Sale ($190m)
  • September: BAYC >> MechaDog ($20m revenue)
  • September: Ultimate Mecha Ape ($50m revenue)
  • October: Mecha Dog vs. Mecha Monkey Invasion (P2e Blockchain Game)
  • December: Merch Drop
However, the co-founder of BAYC said the pitch is ‘fake news.’

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.