APENFT was officially registered in Singapore on March 29, 2021. It is designed to be a foundation that aligns with the underlying philosophy of equalizing the value of art and capturing the economic value of memes. APENFT aims to convert top artists and art pieces into NFTs while promoting the growth of native NFT artists within the cryptocurrency space. By combining the strengths of the TRON network and the storage capabilities of the BitTorrent File System (BTFS), APENFT seeks to bring blockchain technology to the art world by turning art pieces into NFTs, thus making them unique, indivisible, and tradeable. The project has a native token, NFT, which plays a role in governance and other utilities within the APENFT ecosystem. The foundation has also been involved in high-profile NFT auctions and partnerships, indicating its active participation in the burgeoning NFT market.
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