Yuga Labs, the company standing behind the development of the popular NFT collection Bored Ape Yacht Club (BAYC) announced a new project, "Otherwise". The tweet posted by the company says that the company plans to launch Otherwise in April. The project will be powered by ApeCoin, the official cryptocurrency of the BAYC ecosystem.
Related: 25-Year-Old Artist Earned $75,000 at ApeCoin Launch
Yuga Labs shared an animation that features NFTs from other collections too like CryptoPunks, World of Woman, Meetbits, Cool Cats, and others.
Game software company Animoca Brands retweeted the video, saying users can complete KYC on the platform.
Earlier, on March 17, Animoca Brands announced adopting ApeCoin for a secret project. The current APE price is around $10. The market cap of the token stands at above $2.9 billion.