The new game from Yuga Labs increases NFT collections and the popularity of APE coins. More funding for grants and growing NFT interest could drive future APE growth.
Yuga Labs has launched a new game that has taken the NFT world by storm. According to Delphi Digital, players have spent more than $2 million on the company’s new title, making it one of the most successful game launches in the NFT world.
More than $2 million has been spent on gaming @yugalabs latest game, Dookey Dash.
Professional gamers climb the leaderboards and tweet top scores to millions of followers.
Dookey Dash brings gamers to Web3: 🧵⬇️ pic.twitter.com/uarNVEqT5e
— Delphi Digital (@Delphi_Digital) February 7, 2023
How much is 1,10,100 APE worth today?
This success may positively impact NFTs from the Yuga Labs cohort, particularly Mutant Ape Yacht Club [MAYC] and Bored Ape Yacht Club [BAYC].
The NFT impact
The game attracted more NFT holders as it offered free passes for the game’s built-in NFTs. This added more value to these NFTs, making them even more attractive to collectors and gamers alike. The increasing hype around the game also affected NFT collections in multiple ways.
For example, BAYC’s bottom price rose 10.92% over the past week. Total sales of the NFT collection also increased by 20.83% during this period. MAYC, on the other hand, saw a 5.84% increase in its floor price. MAYC’s volume was also up 70.55%.
This growing interest in the MAYC and BAYC NFTs also affected the state of ApeCoin [APE] holders. According to Dune Analytics, the number of APE holders steadily increased until going to press.
Source: Dune analysis
Whales also showed interest in APE, which could have a positive impact on the price of APE. However, its speed decreased, indicating that the frequency with which APE was transmitted had decreased.
Source: Sentiment
Increase in APE funding?
More grant funding has the potential to bring more activity into the APE ecosystem, as it will provide developers with more resources to bring their ideas to life. This could spark more interest in APE, potentially leading to an increase in speed and overall value.
Read ApeCoins [APE] Price forecast 2023-2024
One way this could happen was by generating interest in ApeCoins projects. Notably, the ApeCoin board would fund new projects to improve the ecosystem.
GM $APE fam! It’s time for our monthly update on grants! View this table with an overview of funded projects until January 31, 2023!👇 pic.twitter.com/0KNX8UqSoE
— ApeCoin (@apecoin) February 7, 2023
The new game from Yuga Labs has the potential to have a significant positive impact on the ApeCoin ecosystem. The growing interest in the MAYC and BAYC NFTs, combined with increased funding for grants, could lead to a brighter future for the APE coin.
This post ApeCoin [APE]: The new development of Yuga Labs can influence the ecosystem in this way
was published first on https://ambcrypto.com/apecoin-ape-yuga-labs-new-development-could-impact-the-ecosystem-in-this-manner/
