Find out more about Render Network (RNDR), a marketplace for decentralised GPU processing services. Plus, how to get your own RNDR tokens. Find out more about Render Network (RNDR), a marketplace for decentralised GPU processing services. Plus, how to get your own RNDR tokens.

Imagine a world where high-quality, affordable 3D rendering is accessible to everyone, regardless of their location or resources. Enter the Render Network (RNDR), a decentralized network that leverages blockchain technology to democratize access to GPU rendering resources. In this post, we’ll explore the groundbreaking question, “What is RNDR Token?” and its revolutionary role in industries such as film, gaming, architecture, and virtual reality.

The RNDR Token, developed by the RNDR team, fundamentally aims to:

The Render Network, powered by blockchain technology, holds the promise of achieving these goals as the render network receives support from various sources.

RNDR Token is the native utility token of the Render Network, a decentralized marketplace for 3D rendering services. Serving as the currency within this ecosystem, RNDR Token enables users to access GPU rendering power and pay for rendering tasks.

The render token allows users to tap into the network’s vast resources, utilizing unused GPU power to make high-quality rendering accessible to a wider audience.

RNDR Token establishes an efficient, cost-effective ecosystem for rendering tasks by seamlessly linking GPU owners or Node Operators with users who need rendering services. Node Operators can register their idle GPUs on the RNDR Network, also known as the Render Network, and receive RNDR Tokens in return. The network then allocates rendering jobs to these GPUs, ensuring optimal utilization of computing power and enabling a global pool of resources for users in need.

Two key technologies drive the Render Network: OctaneRender and 

. OctaneRender, a potent rendering engine, collaborates with the Render Network to deliver superior render work. Simultaneously, blockchain technology and smart contracts create a secure, transparent marketplace for rendering services, instilling trust and efficiency in the network.

, developed by OTOY Inc., is a robust rendering engine that seamlessly integrates with the Render Network to offer superior rendering solutions. It offers the following features:

OctaneRender has become an integral component of the Render Network, enabling users to perform render jobs and access top-notch rendering services.

 play a pivotal role in the Render Network, enabling a secure and efficient exchange of rendering services. By leveraging the power of blockchain, the network ensures transparency and immutability in the rendering process, enhancing trust and accountability.

Smart contracts automate the rendering process, oversee transactions, and ensure transparency, which guarantees fair compensation in RNDR Tokens for the Node Operators’ work.

Beyond its innovative technology, RNDR Token has practical applications across a variety of fields, including:

RNDR Token, by democratizing access to GPU rendering resources and harnessing both GPU computing power and GPU power, is reshaping these industries. It enables the creation of lifelike, immersive environments and alters the manner in which rendering services are accessed and used.

In the film and gaming industries, RNDR Token provides a much-needed solution for affordable and efficient rendering services. By connecting users with idle GPUs to those in need of rendering power, the Render Network enables the production of high-quality visuals for movies, animations, and games. This not only streamlines the creative process but also reduces costs, making it possible for smaller studios and independent artists to compete with major industry players.

In architecture and virtual reality, RNDR Token is redefining the way immersive and realistic environments are created. By leveraging the Render Network’s decentralized GPU rendering resources, architects and designers can access the computing power needed to generate high-quality 3D renderings and virtual environments. This not only enhances the visual quality of their projects but also enables them to better communicate their ideas and vision to clients and stakeholders.

 model, with a transparent distribution and burn-and-mint mechanism to maintain the token’s integrity and value. By carefully managing the supply and distribution of RNDR Tokens, the Render Network ensures a stable and sustainable ecosystem for rendering tasks, benefiting both users and Node Operators.

The token supply and distribution of RNDR Token are designed to ensure transparency and maintain the token’s value within the Render Network. With a total supply of 536,870,912 RNDR Tokens, the initial distribution saw 117,843,239 RNDR Tokens allocated following the public token sale in October 2017.

This transparent distribution model helps maintain the integrity of the token and its value within the Render Network ecosystem.

RNDR Token’s burn-and-mint model guarantees a stable, sustainable ecosystem for rendering tasks within the Render Network. Users pay for rendering tasks in dollars. As a result, the equivalent amount of RNDR Tokens are burned.

The network then mints new tokens to reward users who processed the tasks, maintaining an equilibrium between the creation and destruction of tokens, and managing the token supply and demand dynamics within the network.

Community Growth and Industry Partnerships

The Render Network enjoys steady growth in its community and has formed alliances with prominent industry participants, such as:

These partnerships and collaborations have expanded the reach and use cases of RNDR Token, further solidifying its position as a revolutionary force in the rendering industry.

The growing user base of the Render Network is a testament to its increasing popularity and potential for further expansion. With more users joining the network and utilizing its rendering services, the demand for RNDR Tokens continues to rise, showcasing the network’s potential to revolutionize the rendering industry and beyond.

Strategic collaborations with companies like Google, Amazon, and Warner Brothers have helped the Render Network establish itself as a major player in the rendering industry. These partnerships have broadened the network’s capabilities and use cases, enabling the development of new products and services within the Render ecosystem, and further driving the adoption and growth of RNDR Token.

Investing in RNDR Token: Risks and Rewards

Investment in RNDR Token comes with its risks and rewards. While it offers growth potential in the rendering industry, it also carries inherent risks tied to crypto asset investments. It is advised to consider factors such as 

, regulatory shifts, and the overall performance of the rendering industry before venturing into the RNDR Token realm.

RNDR Token’s market performance shows promise for growth, with a current price of $2.99 USD and a market cap of $1.04 billion (As of 16th Nov 2023). However, investors should be aware of the risks involved in crypto asset investments, such as market volatility, regulatory changes, and the potential for loss of invested capital.

Conducting comprehensive research and staying updated on market trends and developments, such as the work of industry leaders like 

, is advised for making sound investment decisions.

Prior to investing in RNDR Token, weigh factors such as market volatility, regulatory shifts, and the overall performance of the rendering industry. The rendering industry is currently experiencing significant growth, with a forecasted compound annual growth rate of more than 20% from 2023 to 2032. However, the inherent risks associated with crypto asset investments should not be overlooked.

By staying updated and weighing the potential risks and rewards, investors can make more enlightened decisions regarding RNDR Token investments.

The process of acquiring and storing RNDR Tokens is straightforward, involving their purchase on supported crypto asset service providers and safe storage in a compatible wallet. Understanding the RNDR Tokens acquisition process and selecting an appropriate wallet for secure storage can help investors safeguard the long-term security and value of their investments.

 Türkiye, by first converting fiat currency to Bitcoin, Ethereum, USDT and then exchanging it for RNDR Tokens. It’s important to be aware of the risks associated with trading crypto assets and to carefully select a reputable crypto asset service provider for purchasing RNDR Tokens.

Storing RNDR Tokens securely is crucial for long-term investment, with hardware wallets being the recommended option for optimal security. Wallets like 

 provide secure encryption for storing tokens, ensuring that your investment remains safe and protected from potential threats.

RNDR Token is a revolutionary force in the rendering industry, democratizing access to GPU rendering resources and transforming industries such as film, gaming, architecture, and virtual reality. With its innovative technology, growing user base, and strategic partnerships, RNDR Token is poised for continued growth and success. As with any investment, understanding the risks and rewards is crucial for making informed decisions. By staying informed and considering the potential risks and rewards, investors can make better-informed decisions regarding RNDR Token investments.

Coinpedia's estimates and the token's strong fundamentals make Render Token (RNDR) a promising long-term investment. With a current circulating supply of around 363,911,539 million coins (55%), and a maximum supply of 536,87 million RNDR, its potential for growth is substantial.

Render Token is a revolutionary network that provides GPU computing power to artists and studios, connecting them with mining partners who are rewarded with RNDR tokens. It solves the problem of limited GPU availability for these users.

1 RNDR is equivalent to 0.001106 USD. (As of 16th Nov 2023)

RNDR offers Node Operators the ability to earn tokens by accepting jobs from Creators and rendering their files with their idle GPUs. Both parties are then able to benefit from this exchange of services.

The Render Network is an innovative project that allows users to connect and use their idle GPU power for rendering motion graphics and visual effects in return for the network's native utility token, RNDR. OctaneRender is used to process the renders.

: The above content is strictly for educational/informational purposes only. This is not financial advice, nor is Bybit Türkiye advocating users to invest in any form of crypto assets. Should users intend to use the products as described, please seek professional advice before investing. This content will be used for translations. In any case of translation inaccuracy, the English version will prevail.

Intermediate

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What is Render Network (RNDR) Token and its Revolutionary Role in GPU Rendering?

Alethea AI takes the merger of AI and NFTs a step further with an entirely new class of intelligent assets, imbued with AI personality traits which can grow and evolve. Read on to meet Alethea AI's iNFTs.

Artificial Intelligence (AI) has revolutionized the way humans work, interact, and consume content. The use of AI is increasing in pretty much all aspects of life and industries, including the crypto asset industry. 

, burst onto the crypto scene in early 2023, bringing with them the promise of enhancing various facets of the crypto asset landscape. 

AI has also displayed its transformative potential in the advent of 

The technology is already being used in the creation of NFT art and music, with startups like Eponym releasing an AI algorithm that converts text into abstract art which is sold on 

Alethea AI wants to take the merger of AI and NFTs a step further by creating an entirely new class of intelligent assets, imbued with AI personality traits, which can grow and evolve based on the data they consume. In this guide, we’re going to take a look at what Alethea AI is doing, how it works, and whether it’s a good investment.

NFTs represent unique digital assets, or collectibles, which use the blockchain to create a permanent, publicly accessible record of ownership. These tokens, which generally use Ethereum’s ERC-721 token standard, are completely unique and can’t be replicated, making them the perfect medium for representing digital ownership of assets. 

The NFT ecosystem has experienced an explosion in innovation and creativity, with new intellectual property being created at an incredible scale. Alethea’s developers believe their intelligent metaverse, Noah’s Ark, will act as the connective tissue that connects numerous NFT projects with AI to create new, interactive experiences. 

In their current form, most NFTs are pretty run-of-the-mill. An NFT can represent an image, 

. It can be held as a long-term investment, traded as a whole on 

 to attract small- to mid-tier investors—but that’s about it.

Alethea AI wants to create a new class of NFTs that are intelligent enough to interact with users. The slogan “Give your NFT superpowers” (on Alethea’s website) perfectly captures that ideal. 

By incorporating generative AI with NFTs to build intelligent non-fungible tokens (iNFTs), developers will be able to create assets with unimaginable use cases. 

As the popularity of iNFTs within Noah’s Ark increases, so too will the possibilities of interactions and collaborations between iNFTs, enabling the emergence of an “intelligent hive mind” that powers the Ark’s AI engine. Alethea’s ultimate goal is to create an ecosystem that can explore what it means to be human and what constitutes a personality — and to discover how an intelligent metaverse can help shape our stories, culture and intelligence. 

Alethea AI has already sold its first iNFT, an AI-powered avatar called “Alice,” through Sotheby’s auction house for nearly $478,000 in June 2021.

 Before the sale, Alice starred in an X (formerly Twitter) live video on Sotheby’s account, answering questions from viewers in real time. 

The Alethea AI team sees its iNFTs as the path to the 

, the universe of virtual worlds that are all interconnected, similar to concepts in sci-fi books like 

. The project has received a lot of attention from institutional investors, and has even received backing from billionaire crypto investor Mark Cuban. 

Creating Your Own AI-Generated Characters With CharacterGPT

Alethea AI is committed to constant innovation with its generative AI system, CharacterGPT, launched 

. This text-to-character generation system allows users to supply a simple one-liner text to create interactive and intelligent lifelike characters and mint them as NFTs on 

To illustrate the system's capabilities, a tokenized counterpart of Polygon Labs co-founder Sandeep Nailwal has been generated. It’s been constructed using a compilation of his writings, interviews and public statements. Nailwal's digital twin can educate users on the Polygon ecosystem and even provide insights into his entrepreneurial journey. Notably, this AI twin will become increasingly intelligent as more users engage with the system.

 in 2023, which includes ChatGPT conversational functionality, imbuing depth to the personalities of the AI-generated characters. CharacterGPT V2 also lets you include more details in your prompts to build more unique and truly personalized characters. 

Additionally, using MyCharacter.ai, the AI Protocol DApp

, you can fully customize your character’s personality, voice and even backstory details. These AI characters can become AI influencers, metaverse game NPCs, AI companions and much more.

iNFT (intelligent non-fungible token) is a new token standard by Alethea AI that combines two technologies: AI and the blockchain. iNFTs are programmable AI-powered digital assets with personalities and blockchain-managed ownership. They bring the underlying unique digital asset to life by using the generative abilities of AI. An iNFT has three core parts: 

These three parts work together to form iNFTs which not only possess intelligence but are also self-learning. iNFTs are permissionless and metaverse-agnostic, so they can be used universally across multiple platforms.

AI Protocol is a set of smart contracts deployed on 

. It can be used by anyone to turn an NFT into an iNFT in a permissionless manner. Unlike close-ended chatbots, which are coded to answer questions with generic answers, iNFTs use 

 to create truly open-ended and temporally consistent AI-generated personalities. 

An NFT is transformed into an iNFT by fusing it with an ERC-721 asset known as a Personality Pod, which is made up of on-chain personality traits — like Intelligence Level, voice and psyche — that shape the overall personality of an iNFT and dictate its intelligence. The act of fusion involves locking the Personality Pod within the smart contracts of the AI protocol, which is a noncustodial framework, while leaving the NFT unchanged. The amount of ALI tokens locked into the Personality Pod decides the Intelligence Level of the iNFT that’s created.

Alethea AI uses OpenAI’s GPT-3 technology to embed the 

 of the AI dataset on-chain as a method to create verifiably decentralized, AI-generated personalities via the Personality Pod. 

The AI Protocol functions as an immutable registry of all fusions between NFTs and Personality Pods. As long as an NFT remains fused with a Personality Pod, it’s considered an iNFT. This does not mean that your NFT is locked into Althea AI’s smart contract, your NFT remains unchanged and still stays in your wallet. Currently, fusing a Personality Pod with an NFT is irreversible, but the AI Protocol is designed to enable reversal of fusions if network participants vote to do so. 

From Personality Pods to Intelligence Pods

In January 2023, Personality Pods were upgraded to Intelligence Pods following the upgrade of the AI Protocol, which now includes an Intelligence Layer. Compared to their predecessor, Intelligence Pods have expanded capabilities as they’re no longer confined to hosting on-chain personalities. Instead, they serve as unique on-chain intelligences that can be personalized and trained by their owners.

The transformation from Personality Pods to Intelligence Pods also enables an iNFT to fuel decentralized applications (

), delivering bespoke and distinctive AI Services to DApp users.

Each iNFT is dedicated to crafting a single DApp, with the scope of AI Services it can furnish within that DApp determined by its Intelligence Level. Importantly, any asset compatible with the AI Protocol, including other iNFTs, can freely access and employ the AI Services available within that DApp.

The Alethea ecosystem has a native token, Artificial Liquid Intelligence (ALI), which is used to power Noah's Ark. The amount of ALI present determines the intelligence of an iNFT. ALI is an 

 token created to regulate, incentivize and reward users of the AI protocol. 

ALI tokens enable the creation of intelligent NFTs. In order to turn an NFT into an iNFT, a user must first lock a minimum amount of tokens within the protocol. The amount of tokens an iNFT owner locks correlates with the intelligence level of the iNFT. The higher the amount, the higher the intelligence level of an iNFT. iNFT owners have the option to evolve their iNFT’s intelligence by locking more ALI tokens to increase its intelligence level. 

ALI tokens can also be used for interaction between iNFTs in that they can collaborate with one another to offer merged AI services. As a governance token, ALI empowers holders to participate in the governance of both the AI Protocol and Noah’s Ark.

ALI was launched in December 2021 in a successful auction sale that raised $12.4 million. Its total supply is capped at 10 billion tokens. According to the token distribution chart, at least 37% of the supply will be used for ecosystem development. The rest of the tokens are held in reserves, and are set aside for marketing, private sales, the treasury and Alethea’s team. Alethea has a transparency page containing the ETH addresses for all of its token reserves. 

Alethea’s iNFTs have different Intelligence Levels (based on the amount of ALI tokens locked), which give them access to different AI services. 

The higher the intelligence level of an iNFT, the more powerful the AI services it can use. For example, an iNFT with an intelligence level of 2 has access to the broadcast AI service, and can broadcast short video messages. 

An iNFT with an intelligence level of 3 can interact in real time — for a small fee. If the iNFT consistently gets more ALI tokens through the real-time interactivity service, then its owner will have the option to increase its intelligence level further and enhance its intelligence advantage over other iNFTs. 

As an iNFT increases its intelligence level, Noah’s Ark will incentivize it to participate in gamified dataset creation mechanisms called “intelligence mining.” The metaverse incentivizes iNFTs to participate in games that enable them to contribute their experiences — that is, their unique datasets — and to be rewarded with ALI tokens. 

The Alethea AI protocol has a train-to-earn model which enables iNFTs to kick-start their evolution and achieve a cycle of ever-improving intelligence. After iNFTs reach a certain intelligence level, they can train their intelligence to earn more ALI tokens. Training can occur by unlocking and offering more AI services, engaging in more experiences, learning from others, or participating in intelligence mining games. As an iNFT becomes more capable and refined in its intelligence, so will its chances of earning more rewards. 

What Is the Noah’s Ark Intelligent Metaverse About?

Noah’s Ark ties together everything Alethea AI is trying to accomplish. It features a variety of proprietary and state-of-the-art AI models, including the Artificial Liquid Intelligence (ALI) engine that powers the Noah’s Ark intelligent metaverse. It also offers various off-chain AI services to iNFTs with varying ALI levels. The Alethea AI team plans to add more AI models to the ALI engine, which in turn will lead to the availability of more AI services for iNFTs. 

With each new intelligence level, new AI services are unlocked. iNFTs can choose to utilize these AI services for personal or commercial purposes and earn ALI tokens. 

One important point to note is that while the AI services might be the same across various iNFTs, their outputs will be different because of the uniqueness of personality pods. For example, an iNFT of Shakespeare won’t write the same copy as an iNFT of Aristotle does. 

If an iNFT earns more intelligence (meaning ALI tokens) through AI services than it consumes, then that iNFT will have a powerful evolutionary advantage over other iNFTs — and will be able to not only offer more AI services, but also enhance its intelligence levels and access even more powerful and unique AI services. 

Noah’s Ark will also feature a market built on the iNFT protocol, where users can buy and sell various tokenized assets including personality pods and iNFTs. The marketplace will ease with discovery and provide more contextual information about the assets within Noah’s Ark. 

As of Aug 23, 2023, ALI’s price stands at $0.016, a drop of over 90% from its all-time high of $0.20 on Apr 2, 2022, and a rise of 183.67% from its all-time low of $0.0057 on Nov 13, 2022.

Despite prevailing bear market conditions, numerous AI-based tokens are demonstrating robust growth due to the escalating adoption of AI technology. Alethea AI has also showcased steady overall growth in its trading volume over the past four months, despite a temporary dip from the sudden price spike triggered by heightened interest in AI tokens when ChatGPT experienced a surge in popularity in early 2023. 

Many price prediction experts are cautiously optimistic on ALI. Price Prediction 

 to $0.03 by the end of December 2025 and surpass the $0.10 threshold by 2029 to reach a maximum of $0.21 in 2030. Digital Coin Price also 

 for ALI, predicting peak values of $0.05 in 2025 and $0.17 in 2030.

The future for Alethea AI is promising, as evidenced by its backing from several notable investors, including Mark Cuban, Metapurse, Alameda, Multicoin Capital, and Dapper Labs (the company behind 

). The project managed to raise nearly $17 million through a private token sale. 

In October 2021, Alethea AI successfully auctioned its first iNFT series, called the Revenants, for 2,400 ETH (or around $10 million), breaking previous OpenSea records for a collection drop. The Revenants collection features 100 iNFTs of historical and mythical icons, including Cleopatra, Leonardo da Vinci, Joan of Arc, Aristotle, Hercules, Vincent van Gogh, and more. 

Alethea AI also broke records for its Personality Pod sale, selling the first 10,000 of their Personality Pods in an exclusive drop on 

 to launch CharacterGPT in February 2023, and has already upgraded it to a second version in the short span of six months. This puts it in competition with

, which draws over 1.5 million daily users. However, Alethea’s unique use of AI for its NFTs may give it some edge, especially for companies looking to build intelligent characters for various services. 

While Alethea AI does have vision, it’s clearly not a short-term investment. 

By investing in Alethea AI, you’re committing to investing in the future of the metaverse — and no one can say with absolute certainty what that future is going to look like. Interested investors should do their due diligence before putting down any money. 

The merging of AI and NFTs is poised to become the next big thing in the crypto asset space. It’s already starting to pick up steam in the 

 and NFT art spaces with the emergence of text-to-art AI algorithms. However, Alethea AI is the first entity to come up with a new standard for building intelligent NFTs with open-ended and temporally consistent AI-generated personalities. Its AI protocol has opened the door for NFT aficionados to be immersed in enjoyable interactive experiences, create rich stories and explore mankind’s collective intelligence.

Alethea AI (ALI): iNFTs and the Intelligent Metaverse

ALTAVA is a luxury fashion platform that fuses the physical and virtual worlds through the use of NFTs to bring fashion into the metaverse. 

The Covid-19 pandemic threw global commerce for a loop, forcing many industries to make changes to how they run their businesses or risk going extinct. One way major brands have adapted is to expand the role of digital technology in marketing some of their products. In particular, the fashion industry has been heavily affected as more people discover the conveniences of shopping online. This has led many fashion brands to go digital, including luxury brands like Gucci and Balenciaga.

But it's not just the pandemic that is creating a shift to virtual worlds. Gen Z, a young and new group of consumers who have grown up online, will be the next driving force in the global economy, and their interests are largely influenced by the digital world. Brought up as digital natives, they are more likely to embrace digitalized platforms.

 is a luxury fashion platform that fuses the physical and virtual worlds, essentially bringing fashion into the 

Using hyper-realistic avatars, ALTAVA lets its users embody different fashion styles in a manner that would otherwise be difficult or even impossible given the financial and practical constraints. The beauty of ALTAVA's concept lies in its innovation, pushing the envelope of fashion to a whole new level.

Rather than just modeling different clothes, users can purchase fashion 

 (NFTs). This enables users to purchase virtual assets, such as clothing from luxury fashion brands, that they wouldn't be able to buy in the real world.

ALTAVA has secured partnerships with over 50 well-known luxury brands, including Prada, Burberry, Armani, Bulgari, Balmain, Thom Browne, A.P.C., Moncler, Christopher Kane, GENTLE MONSTER, Miu Miu, Sandro, Chloé, Fabrizio Viti, Maje and Marni.

What does this mean if you're on the ALTAVA platform? Your avatar can purchase and wear clothing from luxury brands in the metaverse, trade them and experiment with different styles. In addition, your avatar can create digital twins of these clothes and mint them as NFT assets. Alternatively, you can create your own virtual fashion and sell it as NFTs. It's an exciting new chapter for both fashion and NFTs.

ALTAVA has three key products that work hand in hand to establish a seamless connection between the physical and virtual worlds.

ALTAVA Worlds of You (WoY) is ALTAVA's luxury fashion ecosystem that lets you express yourself in any way you choose via your own personalized avatar, created via facial recognition and customization tools. This virtual world lets you try NFT clothing at a fraction of what it would cost in the real world. You can create different looks, and swap and share clothing with other users on the platform. What's more, ALTAVA includes links to its partners' physical websites if you wish to possess the item in the real world.

ALTAVA Market lets users buy and trade their luxury fashion NFTs. They can make primary or secondary purchases. On the primary marketplace, there are private auctions where ALTAVA will release new NFTs. The secondary market allows users to sell their own fashion NFTs.

ALTAVA partners with NFT marketplaces such as OpenSea, Binance NFT, Nifty Gateway and Rarible, making it easy to switch between the Worlds of You platform and other marketplaces.

ALTAVA Circle is a community that spurs the creation of user-driven brands. At ALTAVA Circle, members can create their own unique virtual fashions and buy spaces within the metaverse. From there, they can fund their virtual brands to build a physical brand in the real world. TAVA tokens are used within the ALTAVA Circle to incentivize members to interact on the platform.

ALTAVA has three distinct NFT collections in its innovative ecosystem — Second Skin, LAND and BAGC.

ALTAVA's inaugural NFT collection, known as Second Skin, encompasses approximately 6,765 3D avatars created on the 

. There are several benefits to owning a Second Skin NFT: 

Second Skin holders can purchase NFTs and become LAND holders to own building NFTs. Each building NFT can be used to produce material to create a fashion item. There are various ways to use your LAND NFTs:

Deployed on the Ethereum blockchain, BAGC stands for "Bored Ape Golf Club," which offers 10,000 golf-themed 

 to its users. The BAGC collection intends to bridge the real world with BAGC merchandise and private golfing experiences for BAGC holders.

. Its total supply is 1 billion, and 30% of TAVA tokens are 

 every quarter to ensure controlled token circulation and promote long-term value sustainability.

TAVA tokens can be used in a few ways within ALTAVA's ecosystem: 

TAVA's price is $0.049 as of Aug 18, 2023, with an all-time high of $5.46 on Jul 7, 2022 and an all-time low of $0.0477 on Aug 17, 2023. While the current price does not look particularly promising, what the ALTAVA platform brings to the table is originality and a new type of investment. With Gen Z leading the economy through social media and influencers, ALTAVA could be the start of the next big thing: virtual fashion.

ALTAVA's partnerships also make it an investment worth considering. The ALTAVA Group has partnerships with luxury fashion brands such as Prada, Miu Miu, Bulgari, Balmain and more.

However, it's crucial to note that our views should not be interpreted as financial advice. Always 

, which means that it’s either been selected by valuable traders through voting or handpicked by Bybit Türkiye's professional team. Such tokens do hold some level of investment risk, such as substantial price volatility.

ALTAVA is taking new steps in the digital world by expertly fusing luxury fashion with NFTs. Creating a distinct ecosystem for luxury fashion, ALTAVA transcends the confines of the traditional physical domain by embracing the digital frontier. In an era of rapid digital expansion, ALTAVA stands poised as a crypto force with the potential to captivate the global stage.

Beginner

ALTAVA (TAVA): Digitalizing Luxury Fashion

ApeCoin (APE) is the governance token of the Bored Ape Yacht Club (BAYC) ecosystem, with added utility thanks to the addition of a metaverse and Yuga lab's various partnerships. 

The launch of ApeCoin (APE), the token of 

 Bored Ape Yacht Club (BAYC), generated a great deal of commotion in Mar 2022. To NFT advocates, ApeCoin wasn’t viewed merely as a token, but as the symbol of NFT evolution driven by BAYC, which became a household name at the peak of the NFT boom. 

Yet it could not escape the controversies that marred its launch. On top of that, in Jul 2023, the floor price of BAYC fell to a devastating low, which led many to question the value of the APE token.

In this article, we'll take an in-depth look at ApeCoin and various ApeCoin controversies, and consider whether ApeCoin is still a good investment for the long haul.

 token developed primarily for the Bored Ape Yacht Club (BAYC) ecosystem. Valued highly by NFT collectors and Bored Ape 

 owners, it's also marketed as a decentralized protocol layer for community-led initiatives.

For those wondering exactly what ApeCoin is, it’s a governance token of the Bored Ape ecosystem that’s gained a tremendous following after the 

 (BAYC) NFT project exploded in popularity. Many celebrities — such as Justin Bieber, Paris Hilton, Snoop Dogg and Serena Williams — own collections of NFTs related to the BAYC ecosystem.

While some may discount ApeCoin as a meme coin, its utility goes far beyond just being the governance token for Bored Ape holders, due to its expanded ecosystem that includes NFTs and a metaverse. This ultimately makes ApeCoin a potential long-term investment for those bullish on the BAYC ecosystem.

ApeCoin is the utility token of BAYC. Since BAYC is an NFT project initiated by 

, the coin is technically its brainchild. Two of the four founders behind the development of the BAYC ecosystem are Floridians 

According to the official BAYC website dedicated to ApeCoin, the coin has been launched and is overseen and managed by ApeCoin DAO. This 

 is an independent body, governed by Bored Ape NFT owners, holders of related NFTs and ApeCoin investors. In other words, whoever owns APE coin or a Bored Ape NFT has the right to vote on proposed changes to the protocol and new projects.

Overseeing the DAO is the Ape Foundation, which ensures that ideas from the DAO community are brought to fruition. The Ape Foundation is headed by five high-profile crypto investors, each of them selected for a one-year term. The current heads, also known as the Special Council, go by the handles of Bored Ape G, Gerry, Vera Li, Waabam and CaptainTrippy. Waabam and CaptainTrippy were voted in by the ApeCoin DAO to replace Reddit co-founder Alexis Ohanian and Animoca Brands chairman Yat Siu, 

 — the platform behind ApeCoin and its flagship NFT Bored Ape Yacht Club — first launched BAYC in Apr 2021. After BAYC’s popularity exploded, Yuga expanded its NFT collection to include Mutant Ape Yacht Club and Bored Ape Kennel Club.

In 2022, Yuga Labs sought additional pathways to integrate ApeCoin into different projects related to the BAYC ecosystem. First, it launched a gamified metaverse, 

, which uses ApeCoin in its ecosystem. Secondly, it acquired two of the most popular NFTs, 

, expanding the use of ApeCoin. CryptoPunks are some of the first non-fungible NFTs on the 

 blockchain, consisting of 10,000 digitally pixelated characters. Similarly, The Meebits are 20,000 unique, 3D voxel characters registered on the Ethereum blockchain.

 (BAYC), consists of 10,000 unique cartoon ape NFTs on the Ethereum blockchain. BAYC burst onto the scene with a boom, garnering high-profile support from celebrities like Justin Bieber and Madonna.

 (MAYC) is a collection of 20,000 ape NFTs based on BAYC. The apes are essentially a mutant version of the Bored Apes. Hence, BAYC owners can actually create their own MAYC NFTs through a smart contract that applies Mutant Serums to their Bored Apes. With three types of serums available, a BAYC owner holding a single Bored Ape NFT can create up to three different Mutant Apes. Ten thousand Mutant Ape NFTs were made available for public sale, while 10,000 Mutant Serums were also airdropped to existing BAYC holders.

 is a collection of 9,602 cartoon dog NFTs launched in Jul 2021. Yuga Labs made these complementary NFT pets for BAYC holders, though the BAYC owners have to spend gas fees in order to mint them. While the pet NFTs all boast distinctive traits, each one is depicted as a Shiba Inu, a canine breed popularized by dog-themed meme coins such as Dogecoin (

Introduced one year after the establishment of BAYC, 

 is a 3D metaverse created in collaboration with Hong Kong-based game software company 

. Otherside offers users the ability to build their own unique realms featuring Otherdeed NFTs that represent land plots with the remarkable ability to evolve over time. 

The Otherside metaverse is split into an 11-part storyline that gives users a compelling narrative gameplay experience. As a fantastical landscape, Otherside combines elements of a cosmic expanse and a peninsula, brimming with an array of peculiar creatures, valuable resources and elusive treasures. All transactions in Otherside are driven by ApeCoin (APE).

The potential use of ApeCoin isn’t limited to governance. As mentioned earlier, Apecoin is also the utility token powering the Otherside metaverse that promises to expand the BAYC universe.

Animoca Brands is also working with Yuga Labs to integrate ApeCoin into its portfolio of blockchain-based games, traditional games and other products. 

, a free-to-play action-adventure mobile game featuring an adorable monkey named Benji and his friends leaping through jungles, allows its players to earn ApeCoins.On Mar 17, 2022, Animoca Brands 

 players could earn tokens to exchange for ApeCoin as it transitions to a play-to-earn model on Ethereum.

Starting from Dec 2022, APE can also be staked. On Dec 5, APE holders will be able to deposit their ApeCoin funds on 

, to begin accumulating from Dec 12. During the first year, 100 million APE are being distributed into staking pools as rewards, split into 30,000,000 tokens for the ApeCoin Pool, 47,105,000 tokens for the Bored Ape Pool, 19,060,000 tokens for the Mutant Ape Pool and 3,835,000 tokens for the Pair (BAKC) Pool. 

There are four ways to stake your ApeCoins:

Note that if you choose to sell your NFT while it’s staked in the respective pools, all your staked rewards will go to the new owner. Therefore, it’s crucial to unstake your NFT before selling it.

ApeCoin’s total supply is capped at 1 billion tokens, distributed among four main groups as follows: 

, there’s a 12-month lockup for Yuga Labs, launch contributors and the founders of BAYC. After 12 months, a specific number of tokens will be unlocked on a monthly basis. For the DAO treasury, a portion of 470,000,000 tokens was unlocked at launch, while the rest will be unlocked over 48 months. Since not all of the tokens are unlocked yet, not all of the ApeCoin tokens are in circulation. As of Jul 12, 2023, ApeCoin has a circulating supply of 

Now that we understand what ApeCoin is, it's time to discover the ApeCoin DAO. 

 is the decentralized governing body behind the BAYC ecosystem and ApeCoin. All APE holders are members of the ApeCoin DAO, and share voting rights.

 Anyone can become a member of the DAO by purchasing an Ape NFT.

According to its founders, the ApeCoin DAO's primary purpose is to give its members power by respecting their wishes. Based on the community guidelines and desires of the wider BAYC community, the DAO proposes various projects through the APE Improvement Proposal process. After the ApeCoin DAO votes on a proposal, the 

 is then tasked with executing the decision.

Despite its glittering launch, ApeCoin has also been fraught with controversies. Let’s take a closer look at some of the disputes in which it’s been embroiled.

ApeCoin experienced its very first controversy during its launch day for its token distribution structure, which favors insiders and BAYC founders, who will eventually get 22% of all tokens. Similarly, Yuga Labs will receive 16% of all the proceeds. Moreover, nearly 14%, constituting 140 million tokens, was distributed to launch contributors, many of whom were said to be venture capitalists. Hence, critics assert that the ApeCoin DAO may not be as decentralized as they claim. 

Furthermore, on the day of the launch, the price of ApeCoin spiked to $40 per share, but quickly plummeted to $8, which led to many suggesting that there might have been insider trading.

There were also security issues surrounding the 

 mechanism typically used before a token airdrop to ensure that only loyal long-term NFT holders are eligible. This allowed anyone to buy the NFT just before claiming the reward, making it vulnerable to a 

Indeed, an exploiter actually managed to borrow a BAYC NFT on 

 for less than $300,000 as collateral to use as a flash loan from a vault that tokenizes NFTs. They then used the flash loan to redeem more Bored Ape NFTs and claim 60,564 APE — which they then sold for over $800,000.

 In Oct 2022, the startup behind ApeCoin, Yuga Labs, 

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