The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies. Cryptocurrency might be a perplexing subject to grasp. Many people believe the industry is untrustworthy and view investing as a gamble. Nevertheless, this fast expanding industry uses vast sums of money. Large investments may yield large returns, and 2018 has been a banner year for practically every major cryptocurrency and its supporters. Among the major cryptocurrencies, ApeCoin (APE) is making significant progress in the sphere of the metaverse. ApeCoin rose higher on Wednesday morning, increasing 7% to $19.10, taking its seven-day gain to almost 22%. This comes less than a week after Yuga Labs, creator of the Bored Ape Yacht Club, announced the opening of its Otherside Metaverse on Saturday. Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum ApeCoin Beats MANA, SAND, AXS Since then, APE has surpassed Decentraland’s MANA, The Sandbox’s SAND, and Axie Infinity’s AXS to become the largest metaverse token by market valuation. This is a significant step forward for the BAYC NFT collection in light of recent controversy surrounding its legal cases. The BAYC collection is one of the most renowned in history. There are 10,000 Bored Ape NFTs, according to the NFT market OpenSea. Crypto total market cap at $1.78 trillion on...
