By NFTevening
ApeCoin has announced the upcoming launch of the ApeChain testnet, named Curtis on today July 16. This milestone represents a significant advancement for ApeCoin, showcasing its ongoing efforts to expand and enhance its blockchain capabilities.
Announcement by ApeCoin
Greg Solano, co-founder of Yuga Labs, shared insights on the launch in a recent blog post. He highlighted the collaborative efforts in branding and the anticipation for future developments once the mainnet is operational.
Source: X
About Yuga Labs
Founded in 2021, Yuga Labs has established itself as a prominent digital asset incubation studio, shaping the landscape of web3 through innovative storytelling, immersive experiences and community engagement. The studio is popular for curating several notable NFT collections like Bored Ape Yacht Club, Mutant Ape Yacht Club and Twelvefold.
The Bored Ape Yacht Club is run by ApeCoin, a decentralized autonomous organization (DAO). It functions as an ERC-20 token that promotes community utility and governance. The creation of ApeChain, which focuses on gaming applications inside the web3 environment, was prompted by earlier decisions made by the DAO. Promising efficiency and scalability, ApeChain is positioned as a Layer 3 network on top of Ethereum’s Layer 2 solution, Arbitrum.
The ApeChain Network on Arbitrum Orbit
Developed on Arbitrum Orbit, ApeChain leverages the capabilities of Arbitrum’s Layer 2 solutions (One and Nova) to create a specialized Layer 3 app chain. This setup enhances interoperability and performance, crucial for supporting the complex decentralized applications planned for the ApeCoin ecosystem. With the Curtis testnet now launched, developers and enthusiasts can explore the potential of ApeChain in preparing for its mainnet release.
Looking ahead, the deployment of Curtis testnet signals ApeCoin’s commitment to advancing blockchain capabilities while fostering a vibrant community of developers and users. As ApeChain progresses towards its mainnet launch, anticipated developments in dApps and ecosystem expansions are expected to further solidify its position within the evolving landscape of web3 technologies.