Time magazine has announced that it will begin accepting ApeCoin, an Ethereum blockchain-based token and designer of the NFT collection Bored Ape Yacht Club.
Time magazine has announced that it will begin accepting ApeCoin, the Ethereum-based token, the designer of the NFT collection, Bored Ape Yacht Club, and in the coming weeks. According to the announcement published on Twitter.
Time magazine announced that it accepted payment of digital subscriptions with Bitcoin (BTC) and other cryptocurrencies including Ripple (XRP), Ethereum (ETH) and Dogecoin (DOGE) last April.
Last year, Time magazine also auctioned its cover image on the non-fungible tokens (NFT) market. It also holds bitcoins on its balance sheet. After partnering with Grayscale, a subsidiary of the Digital Currency Group.
Last December, Time magazine named Dogecoin named Elon Musk its Person of the Year. And earlier this week, Time magazine published its first issue in NFT format, with Ethereum co-founder Vitalik Buterin on the cover. In the interview, Vitalik Buterin outlined his main concerns about the crypto industry. Claiming it could become a dystopian world controlled by evil NFT insiders.
Apecoin has been the subject of much discussion, announcing an airdrop for owners of the Bored Ape Yacht Club.
At the same time, it began trading on major crypto-currency trading platforms such as Binance and Coinbase in the first hours of trading. The price was quite volatile, after rising to $39.40, it dropped sharply to $8.90.
Cryptocurrency remains highly volatile, according to CoinGecko, Apecoin has risen 20.4 percent over the past 24 hours. Currently trading at $14.40, the Ethereum-based token is currently worth around $2.4 billion. This makes it the 57th largest cryptocurrency in the world by market cap.