No New NFT Collections for ApeCoin DAO, Community Says

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

March 27, 2023 12:44 pm

David Sandron/Shutterstock.com modified by Blockworks

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.

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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.

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