ApeCoin is a project centered around NFTs copyrighted by Yuga Labs, under the title "Bored Ape Yacht Club" and aimed at supporting “the decentralized communities pivotal to Web3.0”. The crypto asset APE serves for payment settlement within the ecosystem, games, events and commercial transactions.

Moreover, the project is managed by a community named ApeCoin DAO, where the token functions as a governance token for decision-making through voting.

Notes on the Yuga Labs Class Action Lawsuit

Yuga Labs is currently involved in a class action lawsuit over NFTs related to the Bored Ape Yacht Club (BAYC). Please be aware of the potential impact of the ruling in this lawsuit on the ApeCoin project.

In the event that we deem it difficult to provide the service in terms of user asset protection due to changes in social conditions and usage conditions, we may consider and implement a temporary suspension or discontinuation of the service.