APECOIN DAO-N Low # 17
To the Bored,
Good evening and thank you for reading the seventeenth edition of the Bored Ape Gazetteās ApeCoin DAO-N Low!
To begin, Iād like to wish the ApeCoin DAO, and PP Man, a belated happy birthday!Ā
Itās hard to believe, but on March 17th, 2022, $Ape and the ApeCoin DAO launched, and the Yuga Labs ecosystem got its first look at its new governance token.
āBored Apes as a culture represents this generation,ā ApeCoin Special Council member Yat Siu said in a Twitter Space during last yearās launch. āThis zeitgeist, this sort of moment where you know it's the expression of the current culture of where we are with what NFTs mean, so it's historic and the ApeCoin is sort of the beginning of expanding that culture towards larger groups. And that's what we think here. You know, it's how do you get more people to combine with this and to join it and this is kind of the role of the DAO.ā
Over the last year, the $Ape community has grown to 114,595 unique wallets holding at least one ApeCoin. Further, the ApeCoin DAO passed 39 Ape Improvement Proposals, launched its staking system, and held its first ever Special Council election in December 2022, where it voted three longtime Bored Ape Yacht Club community members: VeraTheApe, Gerry, and BoredApeG, onto the Special Council.Ā
āYear one was just the warm-up,ā Special Council member Gerry previously told the Gazette.
As the ApeCoin DAO apes into year two, letās ape in and get the DAO-N Low on the latest from the ApeCoin DAO.
For the third week in a row, the $Ape community does not have any Ape Improvement Proposals to vote on, but that does not mean that the DAO is boring! Over the last two weeks, the community aped into its second quarter of $ape staking rewards, one of the winners from the Meebits PropHouse released their āMeekitā design tools, and Yugaverse gets ready to Ape into the Otherside later this week!
On March 13th, the ApeCoin DAOās second quarter of staking rewards began and the protocol is set to distribute 30,000,000 $Ape to stakers between the DAOās four staking pools from now until June 11th, 2023.
9,000,000 $Ape will go to the $Ape only Pool, 14,131,500 $Ape will go to the BAYC Pool, 5,718,000 $Ape will go to the MAYC Pool, and 1,150,500 $Ape will go to the BAKC Paired Pool, according to ApeStake.io.
In total, 100,000,000 $Ape will be distributed to stakers in the DAOās first year of staking and 175,000,000 $Ape will be distributed to stakers over the three-year lifetime of the staking system, according to AIP 21 and AIP 22.Ā
As $Ape stakers entered the second quarter of staking rewards, Meebits holders also received a cool reward courtesy of BAYC member Bailey Tattoo and the ApeCoin DAO.
Last week, Bailey released their ApeCoin DAO sponsored Meebit based building tools AKA āMeekit.ā
āMeeKit is an appendable Blender file Iāve created that can be used in Blenderās native Asset Browser window,ā Bailey told the Gazette. āItās a collection of shaders, poses, and assets that can be used to help build scenes with your Meebit to later be rendered! In the kit, thereās an additional package called the āBooster Packā, which is a .blend file that you can open and begin customizing a scene of your own right away with very little knowledge of Blender. I also recently released an accompanying tutorial to be used with the MeeKit with the intention of making that process even smoother.ā
Meebits holders who want to learn to use Baileyās blender render system can watch Bailey's tutorial video below:
Further, Meebits holders can also download Baileyās blender system here: https://drive.google.com/drive/folders/1NH-vg2JKGW36ja2MlV8JuuR_kGaVvSSv
As the Meebits community got new building tools, Voyagers are getting ready to break on through to Yuga Labsā Otherside metaverse for the second trip later this week!
On March 25th, Yuga Labs will be letting Voyagers back into the Otherside metaverse for the first time since July 16th, 2022.
ā2nd Trip will bring Voyagers into Otherside for an interactive gaming experience led by our first ever Otherside Team Captains,ā Yuga Labs tweeted from its OthersideMeta account on March 8th. āDetails on Team Captains will be shared at a later date. Otherdeed holders will also have the opportunity to invite a guest into 2nd Trip. Otherdeed holders will have priority access. Guest passes are not guaranteed entry. We are also expanding the playable region list from First Trip, allowing more Voyagers from around the globe to participate in the event. Everybody is invited to watch along on our official livestream.ā
As Voyagers get ready to re-enter the Otherside, it feels like the perfect time to remind everyone that $Ape is the ācoin for your voyage.ā
Otherside doesnāt take cash, credit, or checks, Yuga Labs wrote on its Otherside website. āThe economy here runs on ApeCoin. Should you aim to purchase an item in Otherside, itās APE youāll need.ā
Thank you so much for reading this weekās edition of the ApeCoin DAO-N Low and be sure to follow the Bored Ape Gazette on Twitter to stay up to date with all things $Ape!
Sincerely,
Kyle
Editor-In-Chief
Bored Ape Gazette