United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service.
Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 update regarding ApeStake.io on Twitter, saying, “unfortunately, in today’s regulatory environment, we had no good alternative.”
Ape Staking Update: Big thanks to the talented community devs for their helpful improvements.
There are likely ways to get around the geo-block.
Two Bored Ape NFTs sell for nearly $1M each Meanwhile, some Bored Apes are still fetching high prices even during the depths of crypto winter.
An NFT from Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) collection sold for 800 Ether (ETH), or almost $950,000 at the time of sale on Nov. 23.
Source: Cointelegraph