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Tech Advice
Home›Tech Advice›Inside Bored Ape Yacht Club’s Plans to Master the Metaverse

Inside Bored Ape Yacht Club’s Plans to Master the Metaverse

By Matthew Lynch
July 4, 2023
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The Bored Ape Yacht Club (BAYC) has taken the digital and NFT space by storm with its unique, eye-catching ape-based characters. From their initial launch in April 2021, the BAYC has managed to capture the attention of an ever-growing community of collectors and enthusiasts. This exclusive club, which attracted celebrities like Steph Curry and Post Malone, is set on a new mission: mastering the metaverse.

The metaverse refers to a virtual universe that encapsulates interconnected spaces and experiences. This digital domain allows users to interact with one another, create content, attend events, trade assets, and explore an interactive world. As part of their ambitious plan, BAYC aims to solidify its presence within this digital dimension.

To begin their journey, Bored Ape Yacht Club introduced The ApeCoin ($APE), a utility token designed for its expanding universe. The use cases of this token include governance decisions within the club and ecosystem incentives. It will ultimately serve as the financial instrument for navigating and participating within BAYC’s metaverse.

Moreover, the Bored Ape Yacht Club recently announced its partnership with Animoca Brands – a digital entertainment company that specializes in creating blockchain-based games and applications. Together, they plan to develop a play-to-earn game that incorporates various aspects of the BAYC ecosystem – including NFTs like Bored Apes and Mutant Apes. Combining cutting-edge technology and gaming mechanics opens up opportunities for a new level of engagement for the community members.

A crucial aspect of their metaverse plans is to invest in promising projects that align with BAYC’s vision. Recently, they revealed funding for two such projects: CreatorFlightClub and NookDAO. By supporting these initiatives, they are looking to expand their presence and role within the digital space.

Another avenue Bored Ape Yacht Club is pursuing to conquer the metaverse is by hosting virtual events. They have already organized one successful event, The Metaverse Voyage, held on CryptoVoxels in October 2021. Attendees from their community participated in this voyage where they could interact with other users and exclusive yacht-themed wearables.

Furthermore, BAYC has planned real-life meetups called “In-person events” where owners and fans can gather and experience the club’s metaverse concept in physical reality. By merging virtual and real-world experiences, BAYC aims to break boundaries and create a truly immersive environment for its community.

In conclusion, the Bored Ape Yacht Club is taking colossal strides in its mission to master the metaverse. With decisive investments, collaborations, game developments, and events, this ambitious project shows no signs of slowing down anytime soon. As the boundary between the real world and digital spaces continue to blur, it will be fascinating to witness how BAYC shapes the future of engagement and entertainment in the virtual domain.

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Since technology is not going anywhere and does more good than harm, adapting is the best course of action. That is where The Tech Edvocate comes in. We plan to cover the PreK-12 and Higher Education EdTech sectors and provide our readers with the latest news and opinion on the subject. From time to time, I will invite other voices to weigh in on important issues in EdTech. We hope to provide a well-rounded, multi-faceted look at the past, present, the future of EdTech in the US and internationally.

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