ApeCoin announced that it will launch the ApeChain testnet named Curtis on July 16th today.
ApeCoin Announcement
Yuga Labs co-founder Greg Solano shared his insights on the launch in a recent blog post. He emphasized the collaborative efforts in brand promotion and expectations for future development after the main network is put into operation.
Source:X
About Yuga Labs
Founded in 2021, Yuga Labs has become a well-known digital asset incubation studio, shaping the web3 landscape through innovative storytelling, immersive experiences, and community participation. The studio is popular for curating several famous NFT series, such as Bored Ape Yacht Club, Mutant Ape Yacht Club and Twelvefold.
The Bored Ape Yacht Club is operated by ApeCoin, a Decentralized Autonomous Organization (DAO). It functions as an ERC-20 token, promoting community utility and governance. The creation of ApeChain focuses on gaming applications in a web3 environment and was driven by early decisions by the DAO. Promising to be efficient and scalable, ApeChain is positioned as a layer 3 network on top of Arbitrum, Ethereum’s layer 2 solution.
ApeChain Network on Arbitrum Orbit
Developed on Arbitrum Orbit, ApeChain leverages the capabilities of Arbitrum’s Layer 2 solutions (One and Nova) to create specialized Layer 3 application chains. This setup enhances interoperability and performance, which is critical for supporting complex decentralized applications planned for the ApeCoin ecosystem. With the Curtis testnet now available, developers and enthusiasts can explore ApeChain’s potential in preparation for its mainnet launch.
Looking to the future, the deployment of the Curtis testnet signals ApeCoin’s commitment to improving blockchain functionality while cultivating a vibrant community of developers and users. With the launch of the ApeChain mainnet, expected dApp development and ecosystem expansion are expected to further solidify its position in the evolving web3 technology landscape.
