In a recent press release dated March 18th, the well-known crypto casino BetOnline.ag has made headlines as it officially becomes the very first casino to accept the newly introduced ApeCoin. Users can now utilize this APE currency for their transactions both to and from the sportsbook, alongside a range of other currencies that are already available on the platform. This exciting news comes as the platform has shifted its operations to web3, embracing the latest technology in the industry.
The Bored Ape Yacht Club stands out as one of the most sought-after NFT collections on the market. Pieces of artwork that were originally sold for a mere $200 at the beginning of 2021 have skyrocketed in value to several hundred thousand dollars. Following this immense success, the BAYC recently unveiled its very own token called ApeCoin on March 17th. The launch of this ERC-20 token had been highly anticipated for months and was developed by Yuga Labs, the same company responsible for the creation of the Bored Ape NFT collection.
Just one day after the announcement of ApeCoin by BAYC, BetOnline wasted no time in incorporating the token into its offerings. This particular sportsbook is no stranger to the world of cryptocurrency, having been one of the early pioneers in adopting digital currencies. BetOnline has consistently worked towards earning the trust of crypto communities and users are already able to place bets using various cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and many more. According to CryptoNewsZ.com, BetOnline is also recognized as one of the top Ripple casino sites in the industry. The extensive list of cryptocurrencies available for betting purposes will now include BAYC’s ApeCoin.
The adoption of ApeCoin holds significance as it strengthens the sportsbook’s position within the NFT market. Notably, BetOnline made a notable purchase of the #320 Bored Ape NFT for 120ETH on February 2nd, marking its foray into the NFT space. This early adoption of cryptocurrency reflects the platform’s commitment to embracing new technologies. CEO Eddie Robbins III expressed confidence in the future of cryptocurrencies, reaffirming the casino’s commitment to remaining at the forefront of web3 adoption.
Recent Etherescan data reveals that BetOnline has also acquired a significant number of ApeCoins, currently holding 10,094 without any immediate plans to sell them. The casino is reportedly gearing up for widespread adoption of NFTs within the betting environment. The incorporation of the Bored Ape collection is expected to pave the way for BetOnline’s long-term vision in the web3 world. Plans are in place to bolster corporate sponsorships and increase promotional efforts to engage with NFT communities worldwide. The future looks bright for BetOnline as it continues to evolve and innovate in the ever-changing landscape of crypto gaming.
