ApeChain Launches on Mainnet with Layer 3 Capabilities
ApeCoin has officially launched ApeChain, a Layer 3 blockchain aimed at enhancing the cross-chain user experience. Along with the mainnet launch, the platform introduced key tools such as the ApeChain bridge and Swap portal. These tools streamline cross-chain transactions, providing users with a seamless experience.
Partnership with Yuga Labs and Wire Network
Yuga Labs, the team behind Bored Ape Yacht Club (BAYC), has partnered with Wire Network, a Layer 1 blockchain infrastructure built for the AI agent economy. This collaboration aims to expand the creative capabilities of users on ApeChain, allowing creators to leverage AI-driven tools for more engaging and profitable audience interactions.
ApeCoin DAO’s Transition to Layer 2
The idea of a dedicated blockchain has long been discussed within the ApeCoin DAO. While there were initial discussions about creating an independent blockchain, the community decided that a Layer 3 solution connected to Ethereum would be more feasible. ApeChain was developed using Arbitrum Orbit, a toolkit that enhances both security and scalability.
New Features: Automatic Yield Mode
With the mainnet launch, ApeChain introduced a feature called “Automatic Yield Mode.” This new functionality allows ApeCoin holders to automatically earn rewards with every block, eliminating the need for manual staking or reward claiming.
LayerZero Integration for Seamless Cross-Chain Transfers
LayerZero has announced its integration with ApeChain, adding more functionality to the platform. Through LayerZero’s OFT standard, ApeChain users can enjoy seamless cross-chain transfers, enhancing scalability and transaction efficiency across blockchains.
Yuga Labs Unveils Top Trader
As part of the ApeChain launch, Yuga Labs has introduced Top Trader, an on-chain trading simulation game. This game allows users to trade with leverages of up to 1,000 times without risking real money. Additional features include:
- Ape Portal: A tool for cross-chain payments.
- Yuga ID: A simplified account management system.
These features aim to enhance user engagement and streamline the trading experience on ApeChain.
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