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Apeswap? NFA?
Apeswap has been making great strides in the BSC DeFi space lately. Despite the entire BSC market taking a slight hit, Apeswap is hitting milestone after milestone with multiple partnerships, being listed on Yieldwatch and even has it’s own official Spotify soundtrack.
A Non Fungible Ape (NFA) is Apeswap’s brand of NFTs, a phenomenon that is taking the crypto space by storm. NFTs give you sole ownership of something, which can be worth… whatever people are willing to pay for them. And judging by the prices NFTs command today, people are willing to pay a lot. (check out Beeple’s NFT that sold for $69 million)
Apeswap has cashed in on this trend as well, creating 1000 NFAs with 5 different tiers of rarity to be sold in hotly competed over drops — The last 2 drops of 100 NFAs each sold out in just under 5 minutes. There are 3 main reasons for this:
- Popularity — Apeswap’s popularity as an AMM in the BSC space is rivalled only by Pancakeswap, which makes this achievement all the more impressive considering Apeswap was only released in…
