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The teams behind ApeCoin and the Bored Ape Yacht Club NFT series said Monday that they had successfully launched their new blockchain, ApeChain, on mainnet. ApeChain is an optimistic layer-3 network built atop layer-2 project Arbitrum One, which in turn sits on Ethereum, according to the project documentation. A press release Monday stated: “The ApeCoin DAO, in partnership with Yuga Labs, Layer Zero, The Arbitrum Foundation, Horizen Labs, Caldera, Wire Network and Off Chain Labs, have launched ApeChain, a creator-centric blockchain powered by its native token ApeCoin ($APE), at ApeFest Lisbon.” Michael Figge, Yuga’s chief product offficer, said in the statement that “while ApeChain has all the best tech – account abstraction with Yuga ID, gas-sponsored transactions, native yield, one-click onboarding via Ape Portal, support for Apple Pay and the first-ever use of LayerZero’s Omnichain Fungible Token (OFT) standard – frankly being fast, cheap, and technically sophisticated is just table stakes.” He said the project’s real focus is “beyond just the tech,” including “making delightful experiences for us all to enjoy.” According to the statement, ApeChain will also benefit from Wire Network’s decentralized AI capabilities, which bring dedicated block space and gasless transactions to builders on ApeChain.
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