ApeCoin DAO Proposes NFT Treasury with Influential Acquisitions!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.


ApeCoin is already ready to launch a sister DAO and NFT community treasury, with a proposal currently approved by over 70% of early voting. Animoca Brands co-founder Yat Siu co-authorizes the proposal, which seeks to position ApeCoin as a culture token to “power the broader web3 ecosystem”. It recommends acquiring influential NFTs managed by a community-governed vault, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Cool Cats, World of Women, and Pudgy Penguins. The sister DAO would lease the NFT IPs to APE holders, with potential APE grants on offer, for greater adoption and utility. Voting closes on Wednesday.

Source: https://coinpedia.org/crypto-live-news/apecoin-dao-proposes-nft-treasury-with-influential-acquisitions/