Yuga Labs, the company behind the well-known web3 project Bored Ape Yacht Club (BAYC), has announced the launch of ApeChain, a new platform designed to integrate artificial intelligence (AI) into the blockchain environment. The move is intended to strengthen its digital ecosystem and offer creators new ways to interact with their audiences.

Yuga Labs Cover Banner on X (Twitter)

What is ApeChain?

The development of ApeChain is part of a partnership with Wire Network, a Layer 1 blockchain infrastructure focused on supporting the AI agent economy, which envisions AI systems that can perform tasks on behalf of users. This initiative aims to provide creators with tools that make engagement with their audiences simpler and more effective, while also benefiting consumers by enhancing digital experiences.

ApeChain will serve as a new base for Yuga Labs and its related projects, including Bored Ape Yacht Club and Otherside. The company, known for its presence in web3 gaming, plans to use the platform to offer creators and developers greater flexibility and to improve the overall user experience across different types of digital entertainment, from web3 gaming to virtual art.

Otherside Metaverse

Harnessing the Power of AI

With AI becoming increasingly prominent in discussions about the future of the creator economy, Yuga Labs aims to use this partnership to explore how AI can change the ways creators and consumers interact in both digital and virtual spaces. The company sees this as an opportunity to offer more meaningful and practical applications of AI within the evolving web3 gaming landscape.

ApeChain’s features will include decentralized AI capabilities, as well as benefits from Wire Network’s infrastructure, such as no gas fees, cross-chain compatibility, and fast transaction times. These features are designed to make the platform more accessible for users looking to build and engage with digital content on ApeChain.

Introducing ApeChain Express

Final Thoughts

Ken DiCross, CEO of Wire Network, described the collaboration as a step forward for AI’s potential in digital interactions. He noted, “Yuga Labs is a leader in digital community building and creative development. By combining Wire Network’s scalable blockchain infrastructure with Yuga Labs’ projects, we are creating new possibilities for AI-driven interactions that aim to benefit creators and users alike. Our goal is to support a decentralized, user-driven metaverse.”

ApeChain is being introduced at Yuga Labs’ ApeFest event in Lisbon, Portugal, this week. The launch reflects Yuga Labs’ ongoing efforts to integrate emerging technologies like AI into the web3 space, aiming to provide a platform that supports the evolving needs of the creator economy.

Source: GamesBeat