Bored Ape Yacht Club is an edition limited collection of 10,000 NFT, they have generated over $750 million in trading volume. Less than two days ago they announced their governance coin called ApeCoin (APE), this was launched via airdrop to BAYC and Mutant Ape Yacht Club (MAYC) owners, this coin will serve for all new products and services from BAYC.

• Buying a 'Bored Ape Yacht Club' NFT gives members exclusive benefits

• NBA player Stephen Curry, DJ Steve Aoki and rapper Post Malone, among others, boast about their avatars on their networks.

It is also rumored to be used for a play to earn game to be developed soon. Following the coin's launch, it ranks 42nd among the cryptocurrencies with the highest capitalization.

Will this cryptocurrency help the BAYC community? Is this a good investment?

_{Author: @imagen}