Still in the pandemonium of the launch of ApeCoin, TIME, the New-York based news magazine and publisher, has announced that APE will be accepted as payment for its digital subscription services.
Apecoin is a utility and governance token issued by the Apecoin DAO to Bored Ape and Mutant Ape NFT holders. Since claiming of APE began on March 17, it has become the most traded NFT token among Ethereum whales.
In April 2021, TIME Magazine announced that it would be accepting BTC, XRP, ETH, and DOGE as payment for its digital subscriptions services. Now, the American news magazine has announced that its users will also be to pay using the newly issued ApeCoin (APE).
Before TIME Magazine announced that it would be accepting ApeCoin, E11EVEN Residencies in Miami and SaltWater Brewery announced their own intentions to accept APE as payment for their products.
Yuga Labs, the creators of the Bored Ape Yacht Club, has also teased the launch of a metaverse that will be powered by ApeCoin.