To the Bored,
Good evening and thanks for reading the twelfth edition of the Bored Ape Gazette’s Keeping Tabs on the Lab Newsletter.
To begin, I’d like to wish all of you a Happy New Year! It’s wild to think how far this community has come since the Bored Ape Yacht Club’s mint in 2021. Thank you so much for supporting the Gazette and giving me the chance to cover this community! Cheers to a bored 2023!
With that said, let's ape into the news!
The BAYC recently revealed the second part of the Trial of Jimmy the Monkey storyline last week dubbed, “the mystery of the Past, Present, and Future.”
During the reveal, the community heard “Gary’s Prophecy” from the Great Dog Prophet himself.
“Listen carefully, bucko,” the high dog said. “Usually, the way this starts is with a boom. And in that moment, things get weird. The bond between space and time gets all fucky. A portal opens. And shards appear, fragments to be collected. You need to traverse the underworld in search of them. It’s super nasty TBH. They are some kind of power source. BTW a cosmic battle is upon us.”
The Great Dog Prophet went on to say that the entire story hinges on the key that is currently lodged in Jimmy the Monkey’s butthole.
“Everything starts with the key,” Gary said. “You gotta go get it. Go get it for Gary, baby. TBH the key may have poop on it. I was not expecting Jimmy to create the portal with explosive diarrhea. IDK man. Go get the key.”
The next stage of the Trial of Jimmy the Monkey storyline, titled “PREPARE FOR THE MINT,” will be revealed on January 11th. “Study the guide and plan your strategy,” the BAYC wrote on its https://mdvmm.xyz website.
While BAYC members are discussing Gary’s Prophecy and the upcoming mint, the ApeCoin DAO is welcoming three new Special Council members to the board and voting on an Ape Improvement Proposal that will have an impact on the DAO going forward.
After an eight-week election process, the ApeCoin community elected BoredApeG, Veratheape, and Gerry to join Yat Siu and Alexis Ohanian on the Special Council in January 2023.
The ApeCoin DAO’s first election season was anything but boring as new $Ape holders showed up to vote and others changed their minds in the final minutes before the polls closed.
As the Bored Ape Gazette reported at the time, Degentraland led the five candidate Special Council pack going into the final 15 minutes of voting.
Four minutes later, Degentraland’s lead disappeared after a large $Ape holder switched their vote. This change knocked Dengetraland out of the top three vote getters, meaning he would not be elected to the DAO’s Special Council.
Many in the $Ape community attribute the sudden election change to DaoKwonDo, AKA Books and ProfitsOverWages’ Web3 Exposed Twitter Space with Degentraland and the other candidates earlier that day.
You can listen to the full Space below:
Post-election, BoredApeG, Veratheape, and Gerry began their terms on the Special Council on January 1st, and the ApeCoin DAO is currently in the middle of a major community vote.
AIP-196 titled “BORED AIP: Bringing Order and Reliability via Ecosystem Decentralization,” is a plan for the DAO’s next two months after the Cartan Group’s administrative contract renewal was rejected by the community last month.
“The expiration of the APE Foundation’s administrator contract for the second time in 2022 has magnified the need to develop internal capabilities and avoid reliance on any external resource that could result in a single point of failure in the DAO,” AIP-196’s lead author Badteeth wrote. “This AIP represents progress over perfection – the only thing possible in this messy and amazing world of decentralized governance we love.”
In AIP-196, Badteeth and the other authors lay out three key problems that the DAO is currently facing after the Cartan Group’s contract renewal was rejected.
“The Problem: 1. Per AIP-113, the current APE Foundation administrator contract expires December 31, 2022,” Badteeth wrote. “2. There is an imperative need to maintain continuity and compliance of APE Foundation operations.3. ApeCoin DAO does not currently have the organizational structure or capabilities to execute any internal operations.”
After Badteeth laid out the problems that the DAO is facing, he and the other authors offered a three-part solution that the community will vote to either accept or reject this week.
“The Solution: 1. Extend contract with current APE Foundation administrator (Cartan Group, LLC.) two months to maintain continuity and compliance,” Badteeth wrote. “2. Implement a transparent Request for Proposals (“RFP”) process to identify future APE Foundation administrators during the extension period (January 1 - February 28, 2022). If necessary, complete handover to future DAO administrator. 3. Form interim working group composed of key DAO stakeholders tasked with developing DAO working group structures and internal capabilities.”
At the time of this newsletter’s publication, 71.88% of $Ape voters are in favor of AIP-196.
The Bored Ape Gazette highly encourages every $Ape holder to read the full AIP. You can find it here: https://forum.apecoin.com/t/aip-196-bored-aip-bringing-order-and-reliability-via-ecosystem-decentralization/10160
The window to vote on AIP-196 closes tomorrow night at 9 P.M. EST.
As the ApeCoin DAO votes on an important proposal to kick off the new year, this notable Yuga Labs’ collector ended 2022 with a bang!
Notable NFT collector and Crypto Whale, Nobody.Eth purchased CryptoPunk #2066 for 1,155 Eth or $1,379,000 USD on December 30th.
CryptoPunk #2066 is a one attribute zombie punk with a knitted cap. Based on these traits, CryptoPunk #2066 is the 159th most punk CryptoPunk, according to Rarity Tools.
“Finally got my Zombie Punk,” Nobody tweeted after their purchase. “Unbelievable. Huge thanks to @EB7 for his brokerage! #NFT #NFTs #NFTCommunity @cryptopunksnfts@yugalabs.”
Thank you so much for reading this week’s edition of Keeping Tabs On The Lab and stay tuned for next week’s newsletter, “The ApeCoin DAO-N LOW,” where the Gazette will take a closer look at the ApeCoin DAO.
Sincerely,
Kyle
Editor-In-Chief
Bored Ape Gazette
Well worded🤙