ApeCoin: Yuga Labs Wants to Replace DAO with New ‘ApeCo’ to Focus on BAYC, Otherside
- Yuga Labs moves to dissolve ApeCoin DAO, citing inefficiency and governance issues.
- New ApeCo entity to manage ApeCoin, focusing on ApeChain, BAYC, and Otherside.
- Solano targets streamlined operations with higher funding standards for APE projects.
Yuga Labs has formally proposed shutting down the ApeCoin DAO and transitioning its responsibilities to a newly formed entity, ApeCo, as part of a broader operational overhaul.
Yuga Labs CEO Greg Solano announced this development through a newly submitted Ape Improvement Proposal (AIP), signalling a huge shift in the management and strategic direction of the ApeCoin ecosystem.
CEO Solano: DAO Hindered by “Governance Theater,” Stagnation
According to Solano, the ApeCoin DAO, which was launched back in 2022 to govern the Ethereum-based ApeCoin independently from Yuga Labs, is no longer m…
The post ApeCoin: Yuga Labs Wants to Replace DAO with New ‘ApeCo’ to Focus on BAYC, Otherside appeared first on Coin Edition.
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ApeCoin: Yuga Labs Wants to Replace DAO with New ‘ApeCo’ to Focus on BAYC, Otherside
- Yuga Labs moves to dissolve ApeCoin DAO, citing inefficiency and governance issues.
- New ApeCo entity to manage ApeCoin, focusing on ApeChain, BAYC, and Otherside.
- Solano targets streamlined operations with higher funding standards for APE projects.
Yuga Labs has formally proposed shutting down the ApeCoin DAO and transitioning its responsibilities to a newly formed entity, ApeCo, as part of a broader operational overhaul.
Yuga Labs CEO Greg Solano announced this development through a newly submitted Ape Improvement Proposal (AIP), signalling a huge shift in the management and strategic direction of the ApeCoin ecosystem.
CEO Solano: DAO Hindered by “Governance Theater,” Stagnation
According to Solano, the ApeCoin DAO, which was launched back in 2022 to govern the Ethereum-based ApeCoin independently from Yuga Labs, is no longer m…
The post ApeCoin: Yuga Labs Wants to Replace DAO with New ‘ApeCo’ to Focus on BAYC, Otherside appeared first on Coin Edition.
Read More
Pudgy Penguins (PENGU) Skyrockets 56%: Is This the Start of Another PEPE-Style Rally?