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

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

Crypto finds fundamentals, Chanos books profits and prediction markets make trouble

article-image

The token has crashed over 65% and been marked as dangerous due to its contract’s permissions

article-image

FOMC July minutes may hold the key to Powell’s speech tomorrow

article-image

Singapore’s largest bank is issuing crypto-linked structured notes on Ethereum, but the tokens will remain permissioned

article-image

Jupiter borrows Fluid’s innovative risk engine