Horizen Labs, a zero-knowledge and blockchain infrastructure firm, announced on Friday (September 23) that ApeCoin (APE) Staking would be live on Halloween, October 31.
While Horizen continues to build the ApeCoin Staking platform, the blockchain company has stated that the launch date might be pushed back by a week.
ApeCoin price continues to climb as a result of recent developments and the release of 25 million APE tokens.
ApeCoin Staking Coming on Halloween
In a tweet on September 23, blockchain firm Horizen Labs stated that ApeCoin's staking mechanism Ape Staking is tentatively slated for October 31. In addition, if there are delays due to unforeseen events, the date may be pushed back by a week.
“In place of today's postponed slots, we wanted to provide the Ape Staking go-live date, which is currently set for October 31st. That date might shift by a week to the left or right. We will keep you updated.”
In May, the ApeCoin community voted to select Horizen Labs to create an ApeCoin staking platform. It pays users that stake APE, Bored Ape, Mutant Ape, and Bored Ape Kennel Club NFTs in their respective pools.
Earlier this month, Horizen Labs revealed the staking platform's user interface, which includes a dashboard, four staking pools, and market tools.
In addition, the ApeCoin community has accepted Snag Solutions' "AIP-98: A Community-First ApeCoin DAO Marketplace Proposal - Brand Decision" proposal for a second Ape-powered NFT marketplace (APE). The other two options were rejected by the community because of higher expenses. As a result, it enables Snag Solutions to create an NFT marketplace in order to reduce transaction fees, improve user experience, and boost APE usefulness.
Staking and NFT Market Developments Drive Up APE Price
ApeCoin (APE) prices continue to climb as a result of recent advancements such as ApeCoin (APE) Staking and the NFT marketplace. According to sources data, the total number of unique wallet addresses holding ApeCoin (APE) has surged by 0.033% in the last 24 hours.
At the time of writing, the APE price is trading at $5.87, increased 5% in the last 24 hours and more than 20% in the last week.
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