Bored Ape NFT DAO’s ApeChain Testnet Curtis Sets To Launch Today

The
ApeCoin,
a
decentralized
autonomous
organization
(DAO)
created
to
govern
the
Bored
Ape
Yacht
Club
NFTs
and
ApeCoin
ecosystem,
announced
that
the
ApeChain
testnet,
named
Curtis,
will
be
launched
today.
This
development
marks
a
significant
step
for
ApeCoin
as
it
continues
to
expand
its
blockchain
capabilities.

It’s
time
for
change.

Testnet
Curtis.

7/16/2024

pic.twitter.com/xOdZNtnCaW

—
ApeCoin
(@apecoin)

July
16,
2024

ApeChain
Testnet
Curtis
Sets
To
Launch
Today

In
a
July
15
blog
post,
the
ApeCoin
confirmed
that
the
ApeChain
testnet,
named
Curtis,
will
be
launched
today,
July
16,
2024.
While
commenting
about
the
development,
Greg
Solano,
the
co-founder
of
Yuga
Labs,
the
digital
asset
firm
behind
Bored
Ape
Yacht
Club,
remarked:

“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
renowned
digital
asset
incubation
studio
focused
on
shaping
web3
through
storytelling,
experiences,
and
community.
The
digital
asset
firm
is
home
to
many
non-fungible
token
collections,
including
the
Bored
Ape
Yacht
Club,
Mutant
Ape
Yacht
Club,
Bored
Ape
Kennel
Club,
and
Twelvefold.

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
acquired
Proof
Collective,
which
encompasses
large
NFT
collections
and
projects
such
as
Moonbirds,
Oddities
and
Grails.

Bored
Ape
NFT
DAO’s
ApeChain
Network
Explained

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.

By
description,
ApeCoin
is
an
ERC-20
governance
and
utility
crypto
token
used
to
empower
a
decentralized
community
building
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
allowing
the
creation
of
customized
Layer
3
app
chains
on
top
of
Arbitrum’s
One
and
Nova
Layer
2
networks.
After
several
weeks
of
development,
the
ApeChain
network
has
started
its
journey
to
become
a
reality,
with
the
testnet
named
Curtis,
set
to
launch
today.

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