As GameStop’s NFT Push Appears To Be Floundering, ApeCoin (APE) Staking Has Attracted Over $20 Million in Just the Past 20 Hours

In recent news, the apparent failure of GameStop’s Non-Fungible Token (NFT) push has made headlines as the company announced on March 16 that it would cease its plans to enter the NFT space. Despite the setback, a new crypto asset has emerged as a viable alternative, with ApeCoin (APE) staking attracting over $20 million in the past 20 hours.

APE is a decentralized blockchain platform that enables trading, staking and lending activities with support for multiple types of real-world assets and cryptocurrencies. The platform uses staking to increase returns on existing and new investments, while adding new features such as liquidity mining, digital asset origination and tokenization.

Since its launch in 2021, the platform has experienced rapid growth and has attracted the attention of major investors such as Andreessen Horowitz and Electric Capital, who have collectively invested over $20 million in the past 20 hours. This represents an 80% increase in investment in the platform compared to the investments made in the previous week.

The recent surge in investor interest likely stems from the platform’s ability to provide high yields compared to other crypto assets. Additionally, the platform’s staking mechanism increases the security and stability of the network, which could further drive up investor interest.

Overall, the recent failure of GameStop’s NFT push has led to a shift in crypto investment focus to ApeCoin, with the platform generating over $20 million in the past 20 hours. This showcases the growing interest in staking as an alternative form of investment and the potential of the ApeCoin platform to revolutionize the crypto space.