ApeCoin DAO-N Low #30
To the Bored,
Good evening and thanks for reading the 30th edition of the Bored Ape Gazetteās ApeCoin DAO-N Low newsletter!
Itās an important week at the ApeCoin DAO as $Ape holders vote on several Ape Improvement Proposals that will each have a major impact on the DAO going forward if passed. Along with these votes, ThankApe is in the midst of a āmerchants contestā that aims to rewards shops and services that accept $Ape as a payment option with $Ape rewards, and the Ape Assembly is meeting again tomorrow night to discuss how to proceed after Ape Assembly Coordinator, BojangleGuy, had to step down from his role due to an unforeseen workload.
With so much happening around the $Ape ecosystem lets ape into the news and get to the DAO-N low on the ApeCoin DAO!
To begin, there are seven Ape Improvement Proposals on the ballot this week that cover a wide range of topics that will have a major impact on the DAO going forward no matter the outcome.Ā
To begin, lets look at arguably the most talked about AIP ever, AIP- 304 titled āCreate the Digital Art Movement Collection to acquire Yuga Assets (BAYC, MAYC, BAKC, and Punks and other notable NFTs,ā by BAYC member and major $Ape holder, MachiBigBrother.
In his AIP, MachiBigBrother asked the DAO to allocate 11,000,000 $Ape to the Digital Art Movement, a new community that will be governed by the DAM token holders who will need to lock their $Ape to earn DAM, and the money will be used to buy rare and aesthetic NFTs with the goal of getting them into museums and galleries around the world.
āWe are going to build the best NFT art collection ever and with it we are going to proliferate the NFT artist and our place in art history,ā MachiBigBrother told the Gazette.
MachiBigBrother isnāt the only one with an AIP that aims to purchase a significant amount of NFT art with DAO funds this week. Former Special Council Member and Animoca Brands Chairman, Yat Siuās AIP-297 titled āAn NFT Community Vault Operating as an ApeCoin Sister DAO with a Goal to Advance the Mission and Influence of ApeCoinā is also on the ballot!
In his proposal, Siu asked the ApeCoin DAO to allocate 750,000 $Ape to a new NFT vault that will act as a sister DAO to the ApeCoin DAO that will be controlled by $Ape holders. With the 750,000 $Ape, Siuās proposed fund will purchase 8 Bored Apes, 12 Mutant Apes, 15 BAKC Dogs, 15 Mocaverse Mocas, 15 Cool Cats, 15 World of Women, 12 Pudgy Penguins, 12 Kodas, 15 Otherdeeds, and 20 Sandbox land plots in an effort to become the coin of the metaverse.Ā
āThe goal for ApeCoin is to become the culture token for the metaverse, this means ApeCoin DAO should be representative of different NFT ecosystems,ā Siu told the Gazette. āWhile it should be clear that ApeCoin is not just about BAYC and MAYC it sometimes gets conflated and so the aim is to demonstrate that through this AIP.ā
Along with these two similar but different approaches to the ApeCoin DAO getting into the world of digital assets, ApeCoin DAO Special Council Member, BoredApeG, has proposals on the ballot this week that each aim to grant stakers on three different third party staking platforms the right to vote at the DAO.
AIPs-309,310, and 311 titled āAllow for ApeCoin staked in ParaSpace, BendDAO, and Jpegād protocols to be counted for voting power,ā are Process Proposals written by BoredApeG.
āApeCoin DAO members have the right to vote, and this right should not be limited by the ApeCoin staking protocol one wishes to use,ā BoredApeG wrote. āBy supporting this AIP, we can help more users to participate in governance activities and have a say in the future of the DAO.ā
If passed, the Ape Foundation will work with ParaSpace, BendDAO, and Jpegād to find a way to let their stakers vote going forward. This could lead to millions of more $Ape cast in each weekās votes.
The next proposal on the ballot this week is AIP-267 titled āAdd Treasury Tab To ApeCoin.comā by ApeCoin DAO Special Council Member Waabam.
āThe purpose of this proposal is to address a lack of transparency around the size of the ApeCoin DAO treasury and the rate at which treasury funds are being spent,ā Waabam wrote. āThis proposal requires that the āTreasuryā tab include a live counter that tracks the size of the DAO treasury, the amount of the DAO treasury that has been spent, the rate of current spend of DAO funds, and the estimated time when the treasury would be depleted at the current spend rate.ā
If passed, the DAO will add this new tab to its website.
Finally, the last AIP on the ballot this week is AIP āAIP-243 titled āThe Ape Inn - EthGlobal Project,ā by ApeCoin DAO Contributor and ApeCoin hackathon Eth Global winner, 0xWebMoss.
In his proposal, 0xWebMoss explained that Ape Inn will be a platform where everyone from across the web3 ecosystem can trade, stake, swap, and more!
The window to vote on these seven Ape Improvement Proposals is currently open and ApeCoin DAO contributors have until Wednesday, September 20th, at 9 P.M. EST to cast their coins.Ā
Along with all this monkey business going on around the DAO there is also a lot of fun! ThankApe, an ApeCoin DAO sponsored project that aims to reward active contributors in the ApeCoin ecosystem, is hosting another contest and this time itās rewarding businesses that accept $Ape as a form of payment.
ā1. We believe in the power of #ApeCoinMerchants to start a thriving $APE payments ecosystem,ā ThankApe tweeted. ā2. We will recognize merchants for providing excellent goods & services! 3. We need diverse goods & services for a thriving DAO & to show the utility of ApeCoin!ā
Businesses that accept $Ape for services, digital good, and physical goods have until September 25th at 9 P.M. EST to enter ThankApeās latest contest here: https://prop.house/thank-apeĀ
As ThankApe looks to reward businesses in the $Ape ecosystem, the ApeCoin DAOās Ape Assembly, a governing body of highly active governance participants within the ApeCoin Ecosystem that was established as part of AIP 239 and controls a monthly budget of $10,000 USD, is looking for a new Coordinator after BojangleGuy had to step down due to an unforeseen workload, according to Governance Working Group Steward AllCityBAYC.
The Ape Assembly is hosting its next meeting tomorrow night at 9 P.M. EST in the DAOās Discord and everyone in the $Ape community is invited to attend.
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