No New NFT Collections for ApeCoin DAO, Community Says

More than 84% of delegates said no to the latest proposal

article-image

David Sandron/Shutterstock.com modified by Blockworks

share

ApeCoin DAO, the community that governs ApeCoin — the Ethereum governance token used to aid decision-making in the APE ecosystem — has voted against introducing two new NFT collections.

The proposal wanted to introduce two new NFT collections: Multi-Link Ape Coin Armory Club and Ape Coin Pet Club.

Each NFT collection would be made of 20,000 unique tokens, with existing ApeCoin holders receiving an airdrop of a non-unique version of the NFT. 

NFTs would be linked to popular metaverse projects including Decentraland, Otherside and The Sandbox.

In total, the project would have cost the DAO $168,000.

Aaron Leupp, an ApeCoin DAO community member and author of the proposal, said that the project would “bring more massive utility to all NFTs by making them the first multi-metaverse linked wearable NFTs.”

In an on-chain snapshot vote, results show that over 84% of delegates voted against the proposal, with almost 10% voting in favor and 6% choosing to abstain.

“Let me know if [there is] anything we can change you think could get your Yes vote next time around or more information we can give you on it that may have been missed if you have any questions,” Leupp tweeted.

Adding, “We have put a ton of money and work into this pitch alone, so worth the ask on our end.”

Leupp did not immediately respond to Blockworks’ request for comment.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Pipe Network is a decentralized content delivery network (dCDN) that replaces the sparse, capital intensive data center footprint of traditional CDNs with a permissionless mesh of independent node operators. By orchestrating under-utilized resources that already exist at the edge, rather than purchasing or leasing thousands of servers, Pipe slashes capital intensity while letting supply expand autonomously in the places where bandwidth is scarcest and most expensive.

article-image

ETH’s “breakout marks a significant structural shift and clears the path towards…$4,000,” Kraken’s OTC desk noted

article-image

Fiscal dominance isn’t about interest rates and it isn’t about Trump, either

article-image

Firestarter Storage brings decentralized storage and delivery to Solana

article-image

After lengthy closing arguments on Wednesday, the case is now in the hands of 12 jurors

article-image

Analysts cite weak trading volume and regulatory progress as factors

article-image

Builders weigh in on Ethereum’s first decade and the decisions that will define its next one