Depressed Ape Yacht Club Partnering With Sandbox Manufacturer Animoca Brands For A New NFT Blockchain Game

Bored Ape Yacht Club (BAYC) creator Yuga Labs has announced that it is working with Sandbox maker Animoca Brands on a play-for-money blockchain-based game set to launch in the second quarter of this year. 2 2022. Specifics have not been detailed yet but the game will use a non-fungible token (NFT) Bored Ape features a collection of 10,000 NFT images that have become famous in pop culture them, garnering widespread attention and even setting a sales record of $26 million (approximately 196.32 crore) of crypto art sold on art auction house Sotheby’s.

Within eight months of existence, Bored Ape . Yacht Club became the second largest NFT project of its kind, after CryptoPunks – a collection of 10,000 8-bit avatars created in 2017 and getting a lot of value for being the first NFT collection of its kind. After amassing nearly $1 billion (approximately Rs 7550.92 crore) in secondary sale volume since its release, Yuga Labs – the developers behind BAYC – has continued to forge new ways to rewards BAYC collectors and new community members.

With this latest move, Yugu will cooperate with Animoca Brands – the creators of The Sandbox, Crazy Defense Heroes and more – to participate in what many believe is the next big thing in blockchain technology: playing games for money. Since Facebook rebranded as Meta, not only has there been an increase in venture funding for blockchain-based game startups, but gaming giants like Ubisoft have also started dipping their toes into the blockchain space.

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “NFTs have emerged as a cultural repository. There are few icons that can represent the growing NFT world as strongly as the Bored Ape Yacht Club, which is why we, as a group and in general, hold some considerable amount of them. We are extremely excited and proud to be collaborating on a game for this cultural milestone. “

A spokesperson for Yuga Labs said: “We are delighted to be partnering with Animoca Brands to grow the BAYC universe and expand the facilities and benefits offered to all Bored Ape NFT holders.” “Animoca Brands is a pioneer in the blockchain gaming space with a proven distribution track record. We can’t wait to share more with the community about what we’re building.”