ApeCoin Ecosystem Opens Koda Nexus in Otherside
The ApeCoin ecosystem marks a new milestone as Koda Nexus launches within Otherside on November 12. According to Greg Solano, co-founder of Yuga Labs, this release represents a new chapter for the Otherside metaverse, expanding its interactive world and deepening community engagement around ApeCoin-powered experiences.APE InfoApeCoin (APE) is an ERC-20 governance and utility token underpinning the APE ecosystem, a decentralized protocol layer propelling community building in Web 3.0. Yuga Labs, creators of the prominent Bored Ape Yacht Club (BAYC) NFT collections and rights holders to CryptoPunks and Meebits, has integrated APE as the chief token for its new products and services.The ApeCoin DAO, a decentralized autonomous organization, facilitates APE token holders in executing governance decisions, from fund allocations to establishing partnerships. Upon DAO members' voting, the APE Foundation, the DAO’s legal caretaker, actualizes these governance decisions. Serving as the participatory key to the ApeCoin DAO, the APE token enables access to unique APE ecosystem features such as exclusive games, merchandise, and events. Moreover, third-party developers can integrate the APE token into their platforms as incentives.