Blockchain networks have recently been conquering new frontiers, with businesses slowly starting to incorporate crypto payments in B2B and B2C sectors. And while many companies, including Microsoft and Whole Foods, were quick to adopt Bitcoin as a payment method, they were less hesitant to do so with other cryptocurrencies.
Sure, with something like Ethereum, it might not be a very viable medium of exchange due to occasional network congestion and ridiculously high fees. However, other cryptos not only deserve a chance to test new waters but could challenge the established status quo and bring more customers to businesses adopting these coins as payment methods.
And since a world-renowned fashion house, Gucci, on August 3, started to accept ApeCoin (APE) for their merchandise, there is a good chance that yet another ape-inspired token, Robo Ape (RBA), could join the club.
The World Of Fashion Is Going Ape *hit
Source: Forekast News
The move of Gucci to become the first significant brand to accept payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin (APE) could provide the ApeCoin project with significant mainstream exposure and bring additional utility to the cryptocurrency, which has not been doing great recently. Since the token was airdropped to the fortunate holders of BAYC NFTs, its price has decreased, with occasional spikes along the way.
However, with Gucci, customers in the United States can now purchase items in-store with APE, while the payment infrastructure, which BitPay will provide, could turn things upside down, not only for the ApeCoin (APE) but other cryptocurrencies as well. This de facto creates a precedent for Web 3.0 tokens to be used to purchase not only virtual estate land and JPEG pictures but real-life physical goods.
On top of that, ApeCoin (APE) is built on the Ethereum ERC-20 standard, and with the much-anticipated ‘Merge’ upgrade for Ethereum, which is coming sometime in September, there is a good chance that the price of Ape will travel north. In the meantime, the community loves this Gucci addition to the crypto family, foreshadowing more tokens to join the flock.
Robo Ape (RBA): A Bridge Token Between Web 3.0 and Gaming
It is not a coincidence that Gucci decided to accept ApeCoin (APE) instead of a plethora of different tokens currently existing on the market. After all, its current market cap is roughly $2.06 billion, making Ape the 33rd largest asset in crypto. However, what makes this choice a strategic one is what this token could become in the future, and since it is directly connected to Web 3.0, Gucci is ready to bet on that.
A similar logic can be applied to an upcoming project Robo Ape (RBA), which plans to build a vast Web 3.0 ecosystem around it, emphasising traditional and blockchain gaming. The range of games and exclusive features the Robo Ape (RBA) has is nothing but impressive. As mentioned by Outlook, the Robo Ape’s ecosystem would have countless advantages incorporating various competing modes, leagues, tournaments, and prize pools for winners.
Considering that Web 3.0 and GameFi are two things that not only coincide in their development but also represent the future of crypto in general, it would not be too farfetched to assume that big names from the world of gaming could turn their attention to the RBA token. Since this token represents the backbone of the Robo Ape ecosystem, it has the potential to become the medium of exchange and represent a bridge between traditional and crypto gaming.
What To Make Of It
With more businesses starting to accept crypto, the trend of payment adoption will only continue to grow, enhancing the crypto market conditions and the success of brands pursuing this path. Although the Ape Coin is still down 74.8% from its all-time high of $26.70 on April 28, there is a good chance its price will travel north soon, especially considering the latest developments. In the meantime, Robo Ape (RBA) also looks like a winning hand, as the GameFi market will keep expanding, and the merger between it and traditional gaming is inevitable.
If you are interested to learn about the Robo Ape (RBA) project, visit this website for more information.
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