Arbitrum

2024

Horizen

Foundation

Coin

<ul class="news-points"> 
 <li><strong>Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain.</strong></li> 
 <li><strong>Apechain will utilize APE as its utility and gas tokens, fostering the expansion of the token’s reach.</strong></li> 
 <li><strong>The platforms shared their enthusiasm for the new development while the community accepted the proposal.</strong></li> 
</ul> 
<p>In a bid to expand the utility and reach of <a href="https://coinedition.com/why-apecoinsape-nft-narrative-may-help-its-rise-to-1-90/" target="_blank" rel="noreferrer noopener">APE coin</a>, Horizen Labs, Offchain Labs, and the <a href="https://coinedition.com/tag/arbitrum-arb/" target="_blank" rel="noreferrer noopener">Arbitrum Foundation</a> have initiated the development of a dedicated blockchain, Apechain. In a recent revelation, the blockchain platform, Offchain Labs, unearthed the community’s acceptance of the Apechain development proposal, indicated by a more than 50% support rate.</p> 
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   <p lang="en" dir="ltr">Congratulations to <a href="https://twitter.com/apecoin?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@apecoin</a> DAO on its decision to develop ApeChain utilizing the Arbitrum tech stack!<br><br>With <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$APE</a> serving as both the gas and governance token for ApeChain, Arbitrum Orbit's customizability empowers <a href="https://twitter.com/apecoin?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ApeCoin</a> DAO with true ownership and control over this…</p>— Offchain Labs (@OffchainLabs) <a href="https://twitter.com/OffchainLabs/status/1757948772938592390?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 15, 2024</a>
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<p>In December 2023, Apechain put forward a <a href="https://forum.apecoin.com/t/aip-378-apechain-bid-apechain-developed-with-arbitrum-technology-with-growth-led-by-horizen-labs/20779" target="_blank" rel="noreferrer noopener nofollow">proposal</a> to develop Apechain using Arbitrum, with the web3 development company Horizen Labs assisting. The Propos…</p>
<p>The post <a href="https://coinedition.com/horizen-labs-offchain-labs-and-arbitrum-foundation-develop-apechain/">Horizen Labs, Offchain Labs, and Arbitrum Foundation Develop Apechain</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Horizen Labs, Offchain Labs, and Arbitrum Foundation Develop Apechain

Coin Edition

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