Bored Ape Yacht Club just dropped an ‘ApeCoin’ token to its NFT holders. Some made tens of thousands of dollars in hours | Fortune

ApeCoin was released Thursday by a collective called ApeCoin DAO, a so-called decentralized autonomous organization. Though the DAO is separate from Yuga Labs, the creator of BAYC, the company did adopt ApeCoin as its “primary token for the BAYC ecosystem, as well as future Yuga products and services,” as Yuga Labs tweeted on Wednesday.