ApeCoin DAO membership is open to all ApeCoin holders.Ī special council on the APE Foundation (the DAO’s “Board”) provides, at the behest of the ApeCoin DAO members, oversight of the Foundation administrators. The APE Improvement Proposal Process (see Governance) will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. It utilizes the Ecosystem Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the ApeCoin DAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.ĪpeCoin DAO exists because decentralized governance is critical to building and managing a globally dispersed community-and therefore critical to the success of the APE ecosystem. The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. It is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality. The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is not an overseer, but the base layer on which ApeCoin holders in the ApeCoin DAO can build. The APE Foundation is the steward of ApeCoin. It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse. Yuga Labs is a web3 company best known for the creation of the Bored Ape Yacht Club. APE is a token made to support what’s next, controlled and built on by the community. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. Culture has found new expression in web3 through art, gaming, entertainment, and events.
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