The ApeCoin (APE) price continued to move in a rebound on Thursday. Along with the company behind it, it raised hundreds of millions of dollars in a funding round led by Andreessen Horowitz.
The price of APE is up 7.5% intraday to $14.50, notably a rebound that started earlier this week with a low of $9.50 and that gave APE a 50 percent gain this week, making it one of the digital assets. Best performing since March 21
Yuga Labs, creator of Bored Ape Yacht Club (BAYC), a popular NFT token collection among celebrities, athletes and venture capitalists, expects APE to be a governance and utility token. Ti to the holder It oversees and manages what is known as the ApeCoin DAO, an independent decentralized organization. As a result, holding an APE gives users the right to vote on the decisions they make within the BAYC ecosystem.
last tuesday The company has also raised $450 million from Andreessen Horowitz, Animoca Brands and MoonPay, with the funds expected to grow Bored and Mutant Apes into bigger brands.
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