Amid the frenzy of the launch of ApeCoin, TIME has announced that APE will soon be accepted as payment for its digital subscription services
TIME, the New York-based news magazine and publisher, has announced that APE will be accepted as payment for its digital membership services. Apecoin is a utility and governance token that was created by the Apecoin DAO and distributed to holders of the Bored Ape and Mutant Ape NFTs. APE has become the most traded NFT token among Ethereum whales since claiming began on March 17.
TIME Magazine stated in April 2021 that it will accept Bitcoin, XRP, ETH, and DOGE as payment for its digital subscription services. Now, the American news publication has announced that its subscribers will be able to pay using the newly launched ApeCoin as well (APE). TIME said that its readers will soon be able to pay for digital subscription services.
Prior to TIME Magazine announcing its acceptance of ApeCoin, E11EVEN Residencies in Miami and SaltWater Brewery revealed their own plans to take APE in exchange for their products. Yuga Labs, the company that created the Bored Ape Yacht Club, has also hinted at the advent of a metaverse powered by ApeCoin.
The 98-year-old journal released its debut issue as an NFT earlier this week. Vitalik Buterin, co-founder of Ethereum, adorned the cover. The programmer discusses his primary concerns about the crypto business in a lengthy interview, warning that it might devolve into a dystopia ruled by evil overzealous individuals. The bitcoin market continues to be quite volatile. According to CoinMarketCap statistics, it has lost 25.23 percent in the previous 24 hours and is currently trading at $10.42. The Ethereum-based coin is now valued at $2.9 billion, ranking it 46th in terms of market capitalization.
Animoca Brands, makers of the famous metaverse The Sandbox, has announced via Twitter that their mobile game Benji Game will become Plat to Earn (P2E) with the adoption of the ApeCoin token. It’s worth anticipating how this freshly revealed coin will continue to acquire popularity and whether any further companies will accept it.
