Bored Ape startup plans virtual land sales, APECoin token to kickstart metaverse gaming project

Yuga Labs, the business behind the heavily hyped Bored Ape Yacht Club NFT collection, is hoping to raise hundreds of millions of dollars by selling off virtual plots of land to build a gaming-focused metaverse named MetaRPG that will be compatible with a host of NFTs.

There will be a system — described as an “in-game app store” — that will allow players to create characters using NFTs they own or from scratch, outfit them, and use them in games. Another crucial component of the proposed world is currency, which Yuga will provide in the form of a much-rumoured token named APECoin.