ApeCoin [APE]: Yuga Labs’ new development could impact the ecosystem in this manner

Yuga Labs’ new game boosts NFT collections and APE coin’s popularity. Increased funding for grants and growing NFT interest could drive future APE growth. Yuga Labs has launched a new game that has taken the NFT world by storm. According to Delphi Digital, players have spent over two million dollars on the company’s new title, […]

The game attracted more NFT holders as it offered free passes for the game’s in-built NFTs. This added more value to these NFTs, making them even more inviting to collectors and gamers alike. The increasing hype around the game also impacted NFT collections in multiple ways.

For instance, BAYC’s floor price rose by 10.92% over the last week. The overall sales of the NFT collection also increased by 20.83% during this period. MAYC, on the other hand, saw a surge of 5.84% in its floor price. MAYC’s volume also surged by 70.55%.holders. According to Dune Analytics, the number of APE holders increased steadily until press time.

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