While ApeCoin (APE) has gained more than 15 percent in value in the last 24 hours, the transaction volume in domestic exchanges has exceeded 184 million TL. We can say that the answer to the question of why ApeCoin (APE), which we met last May, has increased, is actually hidden in the Otherside metaverse.
Why Did ApeCoin (APE) Increase?
APE It was launched by the ApeCoin DAO earlier in the year. The value of APE has increased by close to 45 percent in the last 7 days. Behind this rise is the opening of the Otherside metaverse. Bored Ape Yacht Club opened the metaverse to 4,300 ‘Voyagers’ in the first place. Users who opened Metaverse became owners of Otherdeeds NFTs. These NFTs actually act as title deeds to digital land parcels on the Otherside.
BR3AKING: @OthersideMeta holders have tested a trip to the Otherside with 4300+ users. pic.twitter.com/J9tyNaa2VO
— The Metaverse (@themetav3rse) July 16, 2022
As of the writing of the news, APE is trading at $ 6.75. It is traded on domestic exchanges, Paribu and BtcTurk. The rise of APE in these stock markets is 17 percent and 16.73 percent, respectively, in the last 24 hours.
APE is traded at 121.19 TL in Paribu. On the other hand, it finds buyers on BtcTurk for 120.80 TL.
What Is The Otherside Metaverse?
Otherside is a metaverse gaming platform from the creators of Bored Ape Yacht Club. Firstly, on Saturday, land parcels are deeded with Otherdeeds NFTs on the platform2, which was opened to a certain number of users. More than $157 million in ETH was burned in gas fees for Otherdeeds NFTs, which we met in May of this year. This actually caused a rise in Ethereum’s gas fees for a short time.
According to Yuga Labs, all 4300 players selected for the “First Trip” recently took a digital tour of the “Biogenic Swamp” in the center of Otherside.
