Hong Kong-based software company Animoca Brands is helping creators of the popular non-fungible token project (NFT) Bored Ape Yacht Club create a blockchain-based game, according to an announcement on Monday.
A lot of the game remains unknown, it will feature a play-to-earn system that allows users to accumulate real wealth by playing. The game is expected to release between April 1st and June 30th next year. “There are very few icons that are capable of representing the NFT world as powerfully as Bored Ape Yacht Club, which is why we, as a group and as a whole, hold a significant number of them. We are incredibly excited and proud to be collaborating on a game for this cultural milestone, ”said Yat Siu, co-founder and executive president of Animoca Brands.
This partnership between Yuga Labs and Animoca Brands comes at a time of growing interest in blockchain-based games. Not only has there been an increase in venture capital funding for blockchain-based gaming startups, but gaming giants like Ubisoft are also entering this market.
Bored Ape Yacht Club remains one of the NFT projects most popular by trading volume, according to data from The Block. Launched in April 2021, the collection of 10,000 randomly generated monkeys brought in $ 132.14 million at their best time in August and maintains a devoted fan base.
A lot of the game remains unknown, it will feature a play-to-earn system that allows users to accumulate real wealth by playing. The game is expected to release between April 1st and June 30th next year. “There are very few icons that are capable of representing the NFT world as powerfully as Bored Ape Yacht Club, which is why we, as a group and as a whole, hold a significant number of them. We are incredibly excited and proud to be collaborating on a game for this cultural milestone, ”said Yat Siu, co-founder and executive president of Animoca Brands.
This partnership between Yuga Labs and Animoca Brands comes at a time of growing interest in blockchain-based games. Not only has there been an increase in venture capital funding for blockchain-based gaming startups, but gaming giants like Ubisoft are also entering this market.
Bored Ape Yacht Club remains one of the NFT projects most popular by trading volume, according to data from The Block. Launched in April 2021, the collection of 10,000 randomly generated monkeys brought in $ 132.14 million at their best time in August and maintains a devoted fan base.