HomeCoinsAltcoinGucci Now Accepts ApeCoin! A Cherishing Moment For APECOIN Community! 

Gucci Now Accepts ApeCoin! A Cherishing Moment For APECOIN Community! 

Italian fashion giant Gucci aroused excitement and merriment among the crypto community with its decision to accept ApeCoin as a mode of payment. Acceptance from a top brand like Gucci will prove an image maker for BAYC and Yuga labs, the creators behind the native coin APE. The NFT firm was under the scanner of a law firm which convicted them for misusing promotional tactics. Experts opine that the project will gain better exposure, meaning the currency might rise in value. Gucci earlier included 12 cryptocurrencies in their payment system.   

Yuga Lab earns reputability from the crypto community  

APE is a native currency of BAYC, created by Yuga Labs; the currency has always been associated with big names like Jimmy Fallon, Paris Hilton and many more. Few know that the currency is also a utility and governance token for Apecoin DAO; it might serve as a prime reason that luxury brands collaborate with it.   

Gucci took to Twitter to announce it accepts ApeCoin through BitPay in the boutiques nestled in the United States. The brand calls it another initiative to explore the utility of Web3. To date, Gucci successfully collaborated with different NFT spaces.  


The brand’s announcement came just after Tiffany & Co decided on a handcrafted pendant drop inspired by CryptoPunks, a Yuga lab creation. Back-to-back brand support will strengthen the currency’s foothold in the crypto market.   

The currency’s utility lies in its incorporation in multiple projects like games or services, which is why more business enterprises are showcasing their interest in APE. Hopefully, Gucci’s initiative will help the Yuga lab to undertake development processes to make the native coin boom the crypto market. 

As a passionate content writer, she is always eager to explore new topics. Through her blogs on cryptocurrencies, blockchain technology and non-fungible tokens (NFTs), she intends to help newbies gain a better understanding of the crypto world.


Please enter your comment!
Please enter your name here


Best in Crypto Launches the Most Valuable and Comprehensive Industry Directory

Chicago, Oct. 1, 2022 – Best in Crypto enables crypto enthusiasts, investors, and entrepreneurs to explore and learn about beneficial crypto products and services. This...

US Lawmakers Prepare To Include Bitcoin In 401k Retirement Plans 

US lawmakers currently agreed to introduce crypto assets in the 401k retirement plan. The decision brought applause from the crypto community. Few opine that the...

Shemaroo Entertainment Will Now Offer Metaverse Cinema Experience 

Shemaroo Entertainment took the film fraternity and movie lovers by the awe with their announcement to open a metaverse theater in Decentraland. The company had...

A+E Networks Plans To Release History Channel NFT Collection

Over 25 glorious years of entertaining and educating people about varied historical facts and cultural moments, A+E networks now venture into web3. In an announcement,...

Stay Connected

- Advertisement -

Similar articles

- Advertisement -