vEmpire DDAO, which claims to be the largest decentralized Metaverse, GameFi and NFT investment organization, has announced the launch of a staking pool for ApeCoin.
ApeCoin is an ERC-20 governance and utility token used “within the wider Ape ecosystem, which has itself experienced [steady] growth throughout the past year.”
At present, the only use-case for ApeCoin is “for governance, enabling the token holders to have a say in the ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used.”
However, by staking $APE with vEmpire, investors can “earn interest on their holdings while also being exposed to one of the most promising tokens to launch in 2022.”
When an investor stakes $APE, vEmpire will “utilize the investors stake by purchasing other Ape-based assets and playing games within the Ape ecosystem, with assistance from vEmpire’s Gaming Guild.”
By doing this, vEmpire can “make investor’s $APE holdings productive, enabling them to earn passive income, which is not yet natively possible.”
Dominic Ryder, Founder & CEO of vEmpire, stated:
“Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making investment in Metaverse assets more accessible, rewarding and productive. The launch of the ApeCoin itself is revolutionary. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most,”
Ryder added:
“vEmpire is committed to offering the best investment opportunities to not only our community, but the wider Metaverse & NFT communities too.”
As noted in the update, this is “just one of many more exciting staking pools coming this year.”
As mentioned in a release, vEmpire DDAO claims to be one of “the largest decentralized Metaversal investment organizations.”
They further claim that they offer the “first” application that “enables investors to earn interest on their Metaverse cryptocurrency holdings, paying yields in both VEMP (vEmpire’s native token) and the original token staked.”
Alongside this, vEmpire are also currently one of “the largest decentralized virtual real estate owners and developers.”
vEmpire also “operates in the GameFi and NFT sectors and incubates new Metaverse and GameFi projects, as well as hosts virtual events at their world class virtual real estate developments in some of the Metaverse’s largest platforms.”
