ApeCoin DAO will allocate $150,000 to NFT news site
- August 1, 2022
- 0
The Decentralized Autonomous Organization ApeCoin DAO has backed a $150,000 bid to fund the non-payable token (NFT) website The Bored Ape Gazette. Voting has ended for Snapshot and
The Decentralized Autonomous Organization ApeCoin DAO has backed a $150,000 bid to fund the non-payable token (NFT) website The Bored Ape Gazette.
Voting has ended for Snapshot and AIP-70. AIP, which provides $APE convert @BoredApeGazette It has been turned into a 24-hour news site and has been approved by the community. Thanks to everyone who voted!
— ApeCoin (@apecoin) 28 July 2022
AIP-70 was backed by more than 1.1 million ApeCoins (APE) as opposed to 149,000 coins.
The Bored Ape Newspaper covers Yuga Labs’ NFT collections, Bored Ape Yacht Club (BAYC), Mutant Apes Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), Meebits and CryptoPunks.
The funding will be used to pay sole editor Kyle Swanson $7,000 a month, start a mailing list, pay freelancers and update the site.
The proposal also mentions the addition of ApeCoin, BAYC, MAYC, BACS price charts, a community events calendar and a bulletin board.
Funds are expected to be sufficient for next year.
Previously, Yuga Labs accused of pumping NFT collections and ApeCoin. Law firm Scott+Scott is preparing to file a class action lawsuit and is urging victims to join the lawsuit.
In early May, ApeCoin dropped 30% with the launch of the Otherside metaverse. On the same day, NFT marketplace OpenSea announced the addition of APE as a payment method.
Recall that in March Yuga Labs raised $450 million in a $4 billion investment round.
In August, jewelry brand Tiffany & Co. Introduced a series of necklaces based on the CryptoPunks NFT collection.
Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
