The company also notes that ApeCoin will have utility in announced play-to-earn gaming title that will be released in partnership.
It doesn't mock or even question the art world; instead it simply cashes in on it. Yuga Labs, the company behind the NFT collection, has already expanded the ecosystem to include a cryptocurrency Ape Coin. The higher the floor price on a collection, the more crypto-rich traders you can expect to be holders. That's how the NFT art investors all feel, apparently. That is, both on the blockchain and in the real world.
