ApeCoin DAO-N Low #27
To the Bored,
Good evening and thanks for reading the 27th edition of the Bored Ape Gazetteâs ApeCoin DAO-N Low Newsletter!
It's summertime around the swamp and while normies are having fun in the sun, the ApeCoin community is building the DAOâs infrastructure, voting on proposals, and getting ready to play a new video game thatâs powered by $Ape!
With so much happening around the DAO lets ape into the news and get the DAO-N low on the ApeCoin DAO!
To start, the recently elected ApeCoin DAO Governance Working Group Stewardsâ Amplify, TigerIsFine, and AllCityBAYC â posted their 'Governance & Operations Budget' on the ApeCoin DAO's Discourse yesterday. They are now seeking community input on their six-month budget of $685,000 USD.
In the Governance Working Groupâs budget post, Amplify explained that the goal of this budget is threefold: 1. Make sure the day-to-day operation of the DAO run smoothly. 2. Explore the Daoâs sustainability and compliance options by partnering with research firms. 3. Empower the community to get involved with the DAO and build with $Ape.
Working Group Steward AllCityBAYC told the Gazette that this budget should not be seen as the end all be all for the DAO going forward, but instead it should be viewed as a âfirst passâ by the community.
âThis proposal really will help shape the future of ApeCoin DAO, so I encourage everyone to jump into Discourse and leave feedback,â AllCityBAYC said. âWeâre still very much in the planning phase, and we are watching. There are also a few polls at the bottom of the prop that will help out, too.â
The Governance Working Group will keep the window for community comments open for at least a week and will extend it based on the communityâs feedback.Â
If all goes well, Working Group Steward Amplify believes that this budget could go up for a DAO-wide vote by the end of the month.Â
The Working Group Stewardâs full budget and breakdown are currently posted on the DAOââs Discourse page here: https://forum.apecoin.com/t/apecoin-dao-governance-operations-budget/17165
As the ApeCoin DAO looks over the Working Groupâs budget, the community is also voting on three Ape Improvement Proposals this week.Â
The first AIP on the ballot this week is AIP-250 titled âDevelopment of Staking Service Maximizing Ape Staking Rewards and Flexibilityâ by ApeCoin DAO Contributor Wesleyliao0208 and the Pawnfi team.
In AIP-250 Wesley proposed that the DAO allocates 10,000 $Ape to Pawnfi so they can build, optimize, and develop their ApeCoin staking platform and give holders more staking options while maximizing their rewards, according to the proposal.
The second AIP on the ballot this week is AIP-218 titled Rumblerz by Gamed Productions - âA stop-motion animation/claymation TV show leveraging existing IP,â by ApeCoin DAO Contributor Gehinzel.
In AIP-218, Gehinzel proposed that the ApeCoin DAO allocate $80,000 USD to fund the creation of their Claymation show and for the DAO to be its official sponsor.
âWe propose for ApeCoin DAO to be our official sponsor for all of Season 1.âBrought to you by ApeCoinDAOâ with logo placement prominent throughout,â Gehinzel wrote. âWeâre looking to bridge web3 and pop culture, introduce digital collectibles to a broader audience and change the entertainment industry by leveraging blockchain technology that allows anyone to be part of the production industry.â
The third and final proposal on the ballot this week is AIP-295 titled âProtect Snapshot - Must have 1 ApeCoin to vote,â by ApeCoin DAO Contributor BigBull.Â
If passed, AIP-295 will make it so wallets casting their coins in future AIP votes or DAO elections will need to hold at least one $Ape to participate.
âIt aligns with the values of the Ape community which often states you need a minimum of 1 ApeCoin to participate,â Bigbull wrote. âThis is the requirement for the Discourse official channel. The slogan is â1 Apecoin = 1 voteâ Not â0.0001 Apecoin = 1 voteâ
The window to vote on these three AIPs is currently open and $Apes have until tomorrow night at 9 P.M. EST to cast their coins on these proposals!
 As ApeCoin DAO Contributors look over the Governance Working Group budget and read the three AIPs this week, they are also loading up their monitors and getting ready for a new video game powered by $Ape!
Last week, Animoca Brands and NWayPlay announced that theyâre going to launch âWreck League,â a player vs. player Mech robot fighting game thatâs powered by ApeCoin!
 âWelcome to Wreck League, an entirely new project that marks the next chapter in the evolution of fighting games, competitive gaming, and esports,â the game tweeted from its WreckLeagueHQ account. âWe're building a AAA-quality game. We want to showcase the first look on announcement day.â
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Following the announcement, Animoca Brands shared gameplay footage and even let several Yugaverse community members try out the game. âIt was great,â professional gamer and Bored Ape Yacht Club member Orangie told the paper after he tested live on Twitch yesterday.Â
Along with the game getting rave reviews, the ApeCoin community is excited because the gameâs mint will be exclusively in $Ape, according to Animoca Brandsâ Chairman Yat Siu. âIt's in $Ape only,â he told the Gazette.
At the time of this newsletterâs publication, it is unclear when the game will launch but the Mech mint is scheduled for later this month.
ApeCoin DAO Contributors who are interested in taking part in the mint can sign up for the gameâs allow list and submit a KYC here: https://allowlist.wreckleague.xyz
Thank you so much for reading this weekâs 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