With Yuga Labs confirmation, ApeChain is set to go live soon. Reportedly, it will support BAYC-themed projects and consumer-grade apps. The Blueprint has introduced the BANANA Bill, which will fund the ApeChain ecosystem development. Further, it will align with key Arbitrum milestones to enhance its capabilities and scalability. Moreover, it has teamed up with Web3 firms like Halliday, Decent, and Privy to improvise its onboarding and fiat onramps. Notably, “APE” will be used for transaction fees on the network. This integration of APE as an OFT via LayerZero will reportedly improve the cross-chain functionality.

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