ApeChain Testnet Curtis Sets To Launch Today-web3.0-php.cn

ApeChain Testnet Curtis Sets To Launch Today

Jul 18, 2024 pm 07:55 PM

The ApeCoin, a decentralized autonomous organization (DAO) created to govern the Bored Ape Yacht Club NFTs and ApeCoin ecosystem, announced that the ApeChain testnet

ApeChain Testnet Curtis Sets To Launch Today

ApeCoin, the decentralized autonomous organization (DAO) governing the Bored Ape Yacht Club NFTs and ApeCoin ecosystem, has announced the upcoming launch of the ApeChain testnet, dubbed “Curtis.” This marks a key development in ApeCoin's expansion of its blockchain capabilities.

Announcing Testnet Curtis

In a July 15 blog post, ApeCoin announced the launch of the ApeChain testnet, named Curtis, on July 16, 2024. Commenting on the development, Greg Solano, co-founder of Yuga Labs, the digital asset firm behind Bored Ape Yacht Club, stated:

“The special council asked us to get involved on the branding and my team fucking crushed it imo. More to come on that, won’t be much to do on testnet yet, but otherside and other dapps we’ve been cooking will all be running on the chain once mainnet is here.”

Launched in 2021, Yuga Labs is a leading digital asset incubation studio that aims to shape web3 through storytelling, experiences, and community. The company is known for its various non-fungible token collections, including the Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Twelvefold.

Some of the other non-fungible token collections managed by the web3 lifestyle and media company Yuga Labs include the CryptoPunks and Meebits NFT collections. Earlier this year, Yuga Labs also acquired Proof Collective, which encompasses large NFT collections and projects like Moonbirds, Oddities and Grails.

Bored Ape NFT DAO’s ApeChain Network: A Brief Overview

In March 2022, the Yuga Labs team launched ApeCoin, a decentralized autonomous organization (DAO) created to govern the Bored Ape Yacht Club and ApeCoin ecosystem. A few days later, ApeCoins were first distributed to Bored Ape and Mutant Ape NFT holders, who received about 10,000 and 2,000 tokens, respectively.

As described by its creators, ApeCoin is an ERC-20 governance and utility crypto token that aims to empower a decentralized community at the forefront of web3. Earlier this year, the decentralized autonomous organization behind ApeCoin voted to build its gaming-focused ApeChain as a Layer 3 network on top of Arbitrum, an Ethereum Layer 2 network.

The upcoming ApeChain network will be developed on Arbitrum Orbit, a platform that enables the creation of customized Layer 3 app chains on top of Arbitrum's One and Nova Layer 2 networks. Following several weeks of development, the ApeChain network has begun its journey to become a reality, with the testnet, named Curtis, set to launch today.

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