Arbitrum

Yield

Reboot

ApeCoin

<a style="text-decoration:none" href="https://bsc.news/search?query=apecoin">ApeCoin</a>, the governance token tied to the Bored Ape Yacht Club (BAYC),&nbsp;<a style="text-decoration:none" href="https://x.com/apecoin/status/1831369517567775109">announced</a> a new set of initiatives called BluePrint. This initiative is aimed at incentivizing community-driven projects ahead of the much-anticipated launch of ApeChain, ApeCoin’s dedicated blockchain.&nbsp;
<h2 dir="ltr" id="span-span-blueprint-a-new-roadmap-for-apecoin-and-apechain-span-span">BluePrint: A New Roadmap for ApeCoin and ApeChain</h2>
As part of the BluePrint initiative, ApeCoin announced plans to build consumer-grade applications, promote content partnerships, and streamline development on the ApeChain network.&nbsp;
&nbsp;
According to Greg Solano, co-founder of Yuga Labs and current CEO, ApeChain is putting a strong emphasis on "killer day-one content partners" to make the user experience engaging from the start.
&nbsp;
“We want to make it easy for users to find the coolest things on ApeChain,” Solano told crypto(.)news. The initiative will reportedly prioritize the creation of decentralized applications (dApps), as well as offer tools that make it easier for developers to deploy smart contracts and other Web3 experiences on the ApeChain.
&nbsp;
In addition, the Blueprint mentions the recently introduced BANANA Bill, which aims to fund ApeChain ecosystem development and provide user incentives.
&nbsp;
Per reports, ApeChain will adopt several key Arbitrum roadmap milestones, including Stylus, Timeboost, BoLD, and Cluster Chains.
<h2 dir="ltr" id="span-span-key-collaborations-and-ecosystem-growth-span-span">Key Collaborations and Ecosystem Growth</h2>
ApeCoin has partnered with several Web3 firms, including Halliday, Decent, and Privy, to help smooth the onboarding process for new users. These collaborations are designed to reduce barriers to entry for new participants by integrating fiat on-ramps through the ApeChain Portal.
&nbsp;
Beyond building a seamless user experience, ApeChain will also include components like the Reboot Protocol, which will enable users to place bets on events or individuals, and a Native Yield system for handling withdrawals in both ApeCoin and Ethereum.
<h2 dir="ltr" id="span-span-apechain-s-technical-framework-span-span">ApeChain’s Technical Framework</h2>
One of the major technical highlights of ApeChain is its integration with Arbitrum, an Ethereum Layer 2 scaling solution. In early 2024, the ApeCoin DAO voted to build ApeChain as a Layer 3 network on Arbitrum Orbit.&nbsp;
&nbsp;
The decision was driven by the need for scalability and efficiency in order to overcome the challenges ApeCoin has faced in obtaining adoption on the Ethereum network.
&nbsp;
ApeChain’s roadmap includes offering APE as an Omnichain Fungible Token (OFT) using LayerZero technology. With this development, APE will be able to work across multiple blockchains, improving its utility and making it more versatile.
&nbsp;
Steven Goldfeder, co-founder of Offchain Labs, the company behind Arbitrum, noted:
<blockquote>
 “Our role is to provide the infrastructure that allows ApeCoin DAO to execute its vision for ApeChain.”
</blockquote>
<h2 dir="ltr" id="span-span-incentives-for-the-community-span-span">Incentives for the Community</h2>
Besides building infrastructure, the BluePrint initiative rewards creators and developers within the BAYC ecosystem. The aim is to develop a community-centric environment where contributions are recognized and incentivized. ApeCoin plans to distribute resources and attention to content creators, ensuring that their work gets noticed through a streamlined distribution system.
<blockquote>
 “ApeChain is betting that what matters most are the apps and experiences built on the chain,” said Solano. “We’re focused on creating a user-friendly ecosystem site that showcases the best of what the community can offer.”
</blockquote>
The roadmap includes the continued development of ApeChain, with the official website expected to launch soon.

ApeCoin Launches BluePrint Initiative to Enhance ApeChain with New Tools and Content

Table of Contents

BSCN

Other articles published on Sep 11, 2024

a16z Crypto Selects 21 Startups for Fall 2024 Accelerator Cohort

China’s Digital Yuan Reaches $1 Trillion in Transactions

BNB Chain Launches Cross-Chain Bridge with Celer, deBridge, and Stargate

Surge in USDT Holdings on Cryptocurrency Exchanges Signals Potential Market Activity

UAE regulators to allow Dubai-licensed VASPs to service entire country

Quantum Maxair Review 2024: Scam Or Legit Trading Platform? User Ratings!

Join our free newsletter for daily crypto updates!