ApeCoin DAO Launches Community-Led NFT Marketplace!

ApeCoin DAO Launches Community-Led NFT Marketplace!

The New Marketplace

On November 23rd, the ApeCoin DAO, a community-led group consisting of ApeCoin token holders, announced the official launch of their new NFT Marketplace.

This marketplace in question was built by the NFT infrastructure company Snag Solutions and was made to allow users to trade multiple Yuga Labs NFT collections, including Bored Ape Yacht Club, Mutant Ape Yacht Club, and The Otherside Metaverse.

Zach Heerwagen, CEO of Snag Solutions claims the marketplace offers users “unique features built specifically for the BAYC and Otherside communities, including ApeCoin staking and NFT metadata integrations.”

Related: ApeCoin Staking Site Blocked In Multiple Countries Including US

Lower Fees & Staking Features

One of the big selling points Snag Solution offered that seemed to have won over the favor of the ApeCoin community is that the platform offers reduced fees in comparison to other NFT Marketplaces like OpenSea.

In comparison to OpenSea’s standard 2.5% fee, the Snag Solution platform offers a smaller 0.25% fee on listings in $APE and 0.5% fee on listings in ETH.

Aside from that, the marketplace also offers users the staking details and metadata of any listed NFTs.

Related: Block.one CEO Acquires Significant Equity Stake of Crypto Bank Silvergate

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