CRYPTO NEWS

Gucci becomes first major brand to accept ApeCoin payments

Gucci has ramped up its Web3 initiatives by allowing crypto nerds to purchase its products with ApeCoin in its stores, adding to a list of 12 other digital assets it accepts for payment.

what is token? why do we need it?

I am just started to learn ethereum blockchain technology I came across the term token. I do not find the answer for what exactly token mean? and what its functionality and what situation we need it? Thanks for you help.