Apechain -- the new layer 3 network built on Arbitrum One officially launched last week.  ApeCoin $ape, the token powering Yuga Lab's ecosystem, upgraded its smart contracts using LayerZero's OFT standard. Here's why it's important:

>Omnichain fungible token standard (OFT) enables secure messaging communication with chains & dApps integrated with LayerZero's tech, allowing for...
 
+seamless cross-chain transfers of APE between Ethereum, Arbitrum, and ApeChain
+DAO governance for APE holders across chains
+payment of transaction fees on multiple chains 
+native yield that automatically rebases for tokens held on ApeChain (APE, apeETH, apeUSD). 

>LZ has 70+ chains and 200+ lzApps in its eco, so I'm sure we'll see many more integrations within and outside of ApeChain. A few ideas to spitball:

+oNFT mints with cross-chain capabilities
+In-game assets that can interoperate with other chains & games
+liquid restaking of APE in cross-chain DeFi  
+apeUSD yield on Pendle

$zro