Apecoin, BAYC and MAYC Prices Soar Ahead Staking Launch

Share This Post

Holders of the famous Blue Chip NFT collections BAYC and MAYC will soon witness their apes gain even more utility as Apecoin staking becomes a reality. On November 23, the Web3 wizards at Horizen Labs announced the updated launch details for imminent ApeCoin staking. It will provide Ape NFT holders token rewards for staking their owned tokens when launched. Horizon will launch staking for its users on December 5, with staking rewards beginning on December 12. 

Staking is a common feature and method used to earn passive income in many modern cryptocurrencies, such as Etherium, Solana, and Cardano. Many NFTs, such as the Bored Ape variants, provide free access to cryptocurrencies like Apecoin through airdrops. 

The recent announcement has sent BAYC, MAYC NFT prices soaring upwards, and the value of Apecoin tokens has also gained 33% in the past week alone.

However, it is only good news for some, as staking will only be available in some territories. The United States is currently not on the list. Despite this, Horizen has said there will be potential workarounds; but, until then, many will miss out. 

Source NFT Plazas

spot_img

Related Posts

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...

NFTs Set to Shine as the Blockchain Economy Summit Heads to London

Over in the beating heart of the World’s financial...

Yuga Labs Clears the Murky Waters of its NFT Copyright

Yuga Labs is home to some of the most...
- Advertisement -spot_img