Bored Ape Yacht Club Partners With The Sandbox Maker Animoca Brands for a New Blockchain NFT Game

Details of the game are scarce at the moment but it is set to launch by the second quarter of 2022.

By Shomik Sen Bhattacharjee | Updated: 14 December 2021 15:08 IST

Bored Ape Yacht Club Partners With The Sandbox Maker Animoca Brands for a New Blockchain NFT Game

Photo Credit: BAYC

Bored Ape Yacht Club P2E game is expected to release in Q2 of 2022

Highlights

Animoca Brands is the company behind metaverse platform 'The Sandbox'
BAYC is a collection of NFTs on the Ethereum blockchain
The game will feature play-to-earn mechanics

Bored Ape Yacht Club (BAYC) creator Yuga Labs has announced that it is working with The Sandbox maker Animoca Brands on a play-to-earn blockchain-based game that is set to launch in Q2 2022. Specifics have not been detailed yet but the game will utilise Bored Ape non-fungible token (NFTs) which features a collection of 10,000 NFT images that have become well-established in popular culture, gaining widespread attention, and even setting a $26 million (roughly Rs. 196.32 crore) sale record for crypto art sold on fine arts auction house Sotheby's.

Within its eight months of existence, the Bored Ape Yacht Club has become the second biggest NFT project of this kind, behind only CryptoPunks — a collection of 10,000 8-bit avatars created in 2017 and gets much of its value for being the first-of-its-kind NFT collection. Having amassed nearly $1 billion (roughly Rs. 7550.92 crore) in secondary sales volume since release, Yuga Labs — the developers behind BAYC — have continued to conceive new ways to both reward BAYC collectors and onboard new community members.

We are excited to announce that we will work with @BoredApeYC to create a #P2E blockchain game utilizing Bored Ape #NFTs!https://t.co/vmALCQdcrO #BoredApe #BlockchainGaming https://t.co/0GRHEoKGQO
— Animoca Brands (@animocabrands) December 13, 2021

With this latest move, Yugu will be partnering with Animoca Brands — creators of The Sandbox, Crazy Defense Heroes, and more — to enter into what many believe to be the next big thing in blockchain tech: play-to-earn gaming. Since Facebook's rebranding to Meta, not only has there been an increase in venture funding for blockchain-based gaming startups but gaming giants like Ubisoft have also begun dipping their feet in blockchain waters.

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “NFTs have emerged as a store of culture. There are very few icons that are able to represent the surging world of NFTs as powerfully as Bored Ape Yacht Club, which is why we, as a group and in aggregate, hold a significant number of them. We are incredibly excited and proud to collaborate on a game for this cultural milestone.”

“We're excited to work with Animoca Brands to grow the BAYC universe and expand the utility and benefits offered to all Bored Ape NFT holders,” said a Yuga Labs spokesperson. “Animoca Brands is a trailblazer in the blockchain gaming space with a proven track record of delivering. We can't wait to share more with the community about what we're building.”

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.