Wu Shuo has learned that Yuga Labs CEO Greg Solano has released a proposal vote to dissolve ApeCoin DAO and initiate a new operational model called ApeCo. The proposal states that ApeCoin DAO has become disconnected from the future, and ApeCo is a new entity established by Yuga Labs to accelerate the APE ecosystem and consolidate the three core pillars: ApeChain, BAYC, and Otherside. In addition to fully funding the ApeCoin staking contract (approximately 11.25 million APE), retaining 10 million APE for legal and contractual obligations, and other expenses, all remaining assets of the Ape Foundation and ApeCoin DAO will be transferred to ApeCo.

Wu Shuo learned that Yuga Labs CEO Greg Solano has issued a proposal vote to dissolve ApeCoin DAO and initiate a new operational model called ApeCo. The proposal states that ApeCoin DAO has become disconnected from the future, while ApeCo is a new entity established by Yuga Labs to accelerate the APE ecosystem and consolidate the three core pillars: ApeChain, BAYC, and Otherside. In addition to fully funding the ApeCoin staking contract (approximately 11.25 million APE), reserving 10 million APE for legal and contractual obligations, and other expenses, all remaining assets of the Ape Foundation and ApeCoin DAO will be transferred to ApeCo.

Yuga Labs CEO Releases Proposal for Voting to Dissolve ApeCoin DAO and Launch a New Operational Model ApeCo