BAYC-Linked ApeCoin Launches Web3 Domains
The just-concluded ApeFest event at Lisbon was accompanied by several innovations for the Bored Ape Yacht Club (BAYC) community and its sister project, ApeCoin. Among them is the roll-out of a Web3 domain service tied to both communities. Dubbed Ape Names, the latest initiative allows community members to create their own digital identities using blockchain technology.
Ape Names are unique Web3 domains that users can own and control, unlike regular domain names managed by organizations like ICANN. These names can be wallet addresses, usernames, websites, or email domains. Each Ape Name comes with a .APE alias. This gives the BAYC community a powerful tool to connect their digital assets in the Web3 space, easing interaction and transactions within the network.
Users can interact with the Web3 domain service through ApeChain, a newly launched layer-3 blockchain built on Arbitrum One for the crypto-focused ApeCoin project.
ApeCoin’s Web3 domain service is developed in collaboration with its official domain partner, D3 Global. The team behind the project plans to apply for the .APE top-level domain (TLD) through ICANN. While waiting for approval, members can use Ape Names as Web3 identifiers, which offer many uses across different blockchain platforms.
Highlighting how the latest initiative will drive Web3 adoption, D3 Global’s co-founder and CEO, Fred Hsu, said:
“Not much has changed in the past 20 years with traditional domains, we’re aiming to change this by revolutionising both domain ownership and the actual utility associated with Web3 identities. We’re incredibly excited that the Ape community shares our vision, and together we will grow and modernize the internet by offering interoperable Ape Names.”
Since its debut in March 2022, ApeCoin has captured the attention of numerous actors within the NFT and crypto ecosystems. Thanks to its affiliation with the popular BAYC project, ApeCoin was welcomed by Gucci, Magic Eden, OpenSea, and others.
ApeCoin’s latest initiative shows the firm’s commitment to growing Web3 adoption and bridging the NFT community with diverse blockchain endeavors. As time passes, more features will likely be incorporated into the project.
