Gucci has added ApeCoin to its list of accepted cryptocurrencies in seize out stores across the U.S.

Key Takeaways

Gucci now accepts ApeCoin in some stores across the US.
Payments will most certainly be facilitated by BitPay.
The information comes days after one more luxury tag, Tiffany & Co., introduced it would drop a assortment of 250 NFTs redeemable for custom-made CryptoPunks-themed jewellery.

Gucci added ApeCoin to its list of accepted crypto payments this day, marking one more step in the luxury tag’s exploration of the crypto ecosystem. 

Yuga Labs Meets Luxurious BrandsGucci is doubling down on Web3. 

The high type tag introduced on Twitter this day that it had started accepting ApeCoin payments by strategy of BitPay in seize out boutiques across the US. It comes after Gucci declared in early Could well additionally just that it would authorize cryptocurrency payments in seize out stores in New York, Los Angeles, Miami, Atlanta and Las Vegas; the list of accepted coins included Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, Shiba Inu, and multiple stablecoins.

ApeCoin is the governance and utility token for ApeCoin DAO, which is tied to Yuga Labs’ Bored Ape Yacht Membership-affiliated Otherside ecosystem. Bored Ape Yacht Membership grew to change into the area’s high NFT assortment during a issue in the advertise 2021; it has been paraded on tv and social media by celebrities reminiscent of Paris Hilton, Stephen Curry, and Jimmy Fallon. The assortment’s ape-themed NFTs minted for spherical $200 and in the in the period in-between bask in a flooring tag of spherical 84 ETH, the the same of about $135,000. Gucci known as the ApeCoin addition “one more step in the Home’s exploration of Web3,” following diversified endeavors in the NFT dwelling, including collaborations with 10KTF, SUPERPLASTIC, and SuperRare. 

The Gucci announcement follows scorching on the heels of Tiffany & Co.’s Sunday announcement that it would drop a assortment of handcrafted pendants modeled on CryptoPunks, one more iconic NFT assortment owned by Yuga Labs. For 30 ETH (spherical $48,600 at this day’s prices), CryptoPunk holders will most certainly be ready to secure a duplicate of their NFT made of “in any case” 30 diamonds or gem stones, and the piece will hang from a gold chain with extra diamonds on the clasp. The luxury tag’s assortment will most certainly be released in an edition of 250 “NFTiffs,” NFTs redeemable for one in all the CryptoPunk-themed pendants. It goes on sale this Friday. 

Disclosure: At the time of writing, the creator of this piece owned ETH and loads of different other cryptocurrencies.

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