Yuga Labs CEO plans to dissolve ApeCoin DAO, saying it is a waste of resources
06-06 01:08

Odaily News Recently, Yuga Labs CEO Greg Solano proposed a plan to dissolve ApeCoin DAO and transfer its assets and responsibilities to ApeCo, a new entity created by Yuga Labs. Solano criticized that ApeCoin DAO "has evolved from a promise to a slow, noisy and unserious governance performance" and that resources were wasted on "vanity proposals and low-impact plans."
The new entity will focus on supporting high-quality projects and strengthening the three core pillars of ApeChain, Bored Ape Yacht Club and Otherside. If the proposal is passed, ApeCoin holders will lose all governance rights. This move is part of Yuga Labs' strategic reorganization. The company has recently sold NFT project IPs such as Moonbirds and CryptoPunks to refocus on its core business. (Decrypt)

最热快讯
资讯热榜
日榜
周榜
Binance Alpha launches MOMOFUN (MM), with an airdrop threshold of 200 points
A whale bought $300 million worth of ETH from Galaxy in three days, now losing $26 million
Planet Noon News | August 3
Hong Kong RWA registration platform will be launched on August 7
The Satoshi Nakamoto statue in Lugano, Switzerland, which Tether co-created, has been stolen.
Communications Platform Towns Protocol Announces Token Economics: 57% of Tokens Allocated for Airdrops, Grants, and Other Community Initiatives