ApeCoin’s New DAO Tasked to Acquire Top And Influential NFTs
On September 21, the proposal was put forward by Animoca Brands Co-creator Yat Siu with 53.6% support. The proposal suggests that ApeCOIN DAO should assign 750,000 APE to the vault as an initial budget to purchase the vital NFT collections. The important collection includes Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Cool Cats, The Sandbox virtual land, Pudgy Penguins, World of Women NFT, Mocaverse Mocas and Otherdeeds. The sister DAO will conduct the NFT vault within the ApeCoin DAO ecosystem. The NFT vault will assist the cross-community collaboration and exhibit support for different NFT communities. APE-297 has started a voting process. Moreover, the recent support has reached 73.87% as of September 21. It is regarded that the proposal will develop the ApeCoin DAO ecosystem. Other Details of the Proposal This proposal aims to place ApeCoin as the Web3 culture token to strengthen the Web3 ecosystem. The acquired NFTs will be managed through a community-governed vault, voted by the sister DAO members. It is open for $APE holders to use the IP with potential grants in $APE shortly. The starting distribution of $APE for NFT purchases will be controlled by the committee. The perspective to execute this proposal has benefits like buying the selected NFTs