- ApeCoin launches a community-driven marketplace.
- The marketplace is built explicitly for Bored Ape Yacht Club and Otherside communities.
- The Snag Community further added that its vision is to support the creators by unbundling marketplaces.
In the recent launch, Snag Solutions, an organization that builds the marketplaces for the top NFT creators, including Goblin-town, Truth, and NFT CryptoChicks, announced their latest collaboration with ApeCoin DAO Marketplace.
On their official Twitter Channel, they added the features of this custom marketplace, which includes
- Built specifically for the BAYC and Otherside Communities, including the ApeCoin staking and NFT metadata integrations.
- Staking and Daily Rewards are directly embedded within the buy and sell flow.
- Improving the experience by adding the filters for Apres and $APE staked, listed sets and more.
The Snag Community further added that its vision is to support the creators by unbundling marketplaces. With this community-driven NFT Marketplace, the users will have access to for-sale NFTs from Yuga Labs-owned NFT collections like BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC) and Otherdeed for Otherside.
Moreover, the platform offers a reduced fee structure for sellers to fund future decentralized autonomous organization initiatives, creating a benefit for ApeCoin holders.
The CEO added that this unique fee structure comes at a point when NFT marketplaces such as Magic Eden and LooksRare have dropped the mandatory creator royalties putting pressure on OpenSea and X2Y2.
Regarding this collaboration, Yuga Labs declined to comment on this as The ApeCoin marketplace is not directly affiliated with Yuga Labs.