The groups behind ApeCoin and the Bored Ape Yacht Membership NFT collection stated Monday that that they had efficiently launched their new blockchain, ApeChain, on mainnet. ApeChain is an optimistic layer-3 community constructed atop layer-2 undertaking Arbitrum One, which in flip sits on Ethereum, in response to the undertaking documentation. A press launch Monday said: “The ApeCoin DAO, in partnership with Yuga Labs, Layer Zero, The Arbitrum Basis, Horizen Labs, Caldera, Wire Community and Off Chain Labs, have launched ApeChain, a creator-centric blockchain powered by its native token ApeCoin ($APE), at ApeFest Lisbon.” Michael Figge, Yuga’s chief product offficer, stated within the assertion that “whereas ApeChain has all one of the best tech – account abstraction with Yuga ID, gas-sponsored transactions, native yield, one-click onboarding by way of Ape Portal, help for Apple Pay and the first-ever use of LayerZero’s Omnichain Fungible Token (OFT) customary – frankly being quick, low-cost, and technically refined is simply desk stakes.” He stated the undertaking’s actual focus is “past simply the tech,” together with “making pleasant experiences for us all to take pleasure in.” In accordance with the assertion, ApeChain will even profit from Wire Community’s decentralized AI capabilities, which deliver devoted block area and gasless transactions to builders on ApeChain.