ChainCatcher news, the Snapshot page shows that the ApeCoin DAO passed the proposal to "dissolve four non-essential working groups" with a support rate of 98.02%. The working groups proposed for dissolution include the Governance Working Group, the Marketing and Communications Working Group, the Metaverse Working Group, and the Web3 Development Working Group. The proposal points out that these working groups incur nearly $3 million in costs to the DAO each year, while their task execution efficiency is low.In addition, the proposal states that the funds of the ApeCoin Foundation are rapidly decreasing. To reduce financial pressure, the proposal suggests outsourcing the relevant functions to third-party teams and recruiting teams that meet transparency and accountability standards through a Request for Proposal (RFP) process, thereby optimizing the operational efficiency of the DAO.

According to ChainCatcher news, information from the Snapshot governance page shows that the ApeCoin DAO has initiated proposal AIP-466, which aims to close unnecessary working groups. According to the proposal, it is expected that four working groups will be closed (with an annual expenditure of nearly $3 million), namely:Dissolution of the Governance Working Group: This working group is mainly responsible for formulating guidelines and the governance working group charter (AIP-239);Dissolution of the Marketing and Communication Working Group: This working group is mainly responsible for the working group charter - Marketing and Communication (AIP-246);Dissolution of the Metaverse Working Group: This working group is mainly responsible for the Metaverse working group charter, etc. (AIP-245);Dissolution of the Web3 Development Working Group: This working group is mainly responsible for the working group charter - Web3 Development (AIP-376).It is reported that the voting end date for this proposal is October 17, and the current approval rate is 98.19%.

ChainCatcher news, according to Snapshot, the proposal AIP-448 initiated by ApeCoin DAO to open an Ape-themed hotel in a prime location in downtown Bangkok has been approved with a voting rate of 78.3%.Once the themed rooms are completed, ApeCoin DAO will receive 50% of the room revenue within one year. ApeCoin DAO will also earn revenue from all themed rooms (including APE, BAYC, Otherside, Apechain, Mocaverse), and the funds will be returned to the DAO treasury on a quarterly basis. The local compliance and settlement of the funds will be managed by the hotel.

According to ChainCatcher's message, the Snapshot information shows that ApeCoin DAO has initiated proposal AIP-448 to establish an Ape-themed hotel in a prime location in downtown Bangkok, Thailand. The aim is to enhance the exposure, recognition, and utility of ApeCoin's BAYC IP, as well as to generate actual revenue for ApeCoin DAO.It is reported that after the themed rooms are completed, ApeCoin DAO will receive 50% of the room revenue within a year. ApeCoin DAO will also earn revenue from all themed rooms (including APE, BAYC, Otherside, Apechain, Mocaverse), and the funds will be returned to the DAO treasury on a quarterly basis. The hotel will be responsible for local compliance and settlement of the funds. The related voting is scheduled to end on August 1, with the current approval rate at 92.14%.

According to ChainCatcher news, the proposal vote initiated by the ApeCoin DAO community for the "APE-backed NFT Launchpad" will end on May 2, as shown on the Snapshot governance page.It is reported that the proposal states that the initiative aims to enhance the utility and adoption of APE as a token by promoting the creation and trading of NFTs, thereby supporting the Apecoin ecosystem. The Puffles project introduces a user-friendly, no-code tool for NFT creators to easily launch their collections across various blockchain networks. Puffles focuses on customization and supports multiple blockchain networks, empowering creativity and accessibility in the NFT space. The main goal is to establish an NFT Launchpad that utilizes APE as currency to mint NFTs on the ERC-20 network, providing creators with a seamless platform to mint, showcase, and trade their NFTs.

ChainCatcher message, ApeCoin DAO will develop ApeChain using the Arbitrum technology stack, building ApeChain as an Arbitrum Orbit chain developed with AnyTrust technology, and using APE as the gas and governance token for ApeChain. The ApeCoin community will have the option to implement upcoming features such as Stylus and BoLD.

ChainCatcher message, the ApeCoin DAO community is conducting a new proposal vote on Snapshot to decide whether to continue executing the proposal titled "ApeChain: Choose Builders to Build ApeChain." The purpose of this proposal is to select a supporter to establish a dedicated ApeCoin blockchain "ApeChain," aimed at expanding APE and supporting the growth of the ApeCoin ecosystem. The deadline for the new proposal vote is February 8.The voting for the "ApeChain: Choose Builders to Build ApeChain" proposal is divided into two options: voting in favor means approval to continue the proposal voting process; voting against means disapproval to continue the proposal and deletion of the snapshot record. It is worth mentioning that Polygon Labs, Optimism co-founders, the Arbitrum Foundation, and the zkSync development team have all proposed to the ApeCoin DAO to use their technology for developing the L2 blockchain.

ChainCatcher news, Optimism co-founder and chief scientist Ben Jones posted a proposal on the ApeCoin forum, suggesting that ApeCoin DAO develop and maintain its L2 network ApeChain on the Optimism Superchain.It is reported that the advantages include: easy deployment and maintenance; ApeCoin DAO can express opinions on the Optimism platform, such as actively participating in governance, helping to guide the future direction of the Superchain; gaining revenue streams and innovation opportunities.

According to ChainCatcher's message, the ApeCoin DAO community has initiated a vote on the proposal to "reduce special committee member compensation by 50%" (from 20,833 ApeCoin per month to 10,417 ApeCoin per month), with voting ending on October 26.In this proposal, ApeCoin DAO stated that this adjustment will apply to all future terms detailed in AIP-137 and AIP-138, affecting only the special committee members elected after the implementation of this proposal. From a financial perspective, the DAO expects to save up to 104,165 ApeCoin per month.

ChainCatcher news, according to the Snapshot governance page, the NFT lending protocol ParaSpace has passed the proposal "Allowing ApeCoin staked in the ParaSpace protocol to retain voting rights" initiated by the ApeCoin DAO community with a 89.01% approval rate.

ChainCatcher news, ApeCoin DAO announced that from now until December 10, 2023, it will distribute 15 million APE tokens as the fourth batch of annual staking rewards.Among them, 4.5 million APE will be allocated to the APE pool, 7,065,750 APE will be allocated to the BAYC pool, 2,859,000 APE will be allocated to the MAYC pool, and 575,250 APE will be allocated to the BACK pool.

ChainCatcher message, the ApeCoin community has initiated a new proposal AIP-250, which proposes a new APE token staking solution aimed at allowing users to receive an advance payment while selling BAYC, MAYC, and BAKC, and stake APE with compounded rewards. NFT holders will be able to leverage the value of their NFTs by generating additional passive income. This innovative approach provides users in the ApeCoin community with a more flexible and profitable staking experience. Currently, the support rate for this proposal is 97.03%.

ChainCatcher news, ApeCoin releases the official "ApeCoin DAO Handbook".The official ApeCoin DAO Handbook is a detailed guide written by community governance administrators that will help both newcomers and experienced token holders understand the APE ecosystem, its operations and rules, proposal processes, as well as token economics and distribution, and it is accessible to all users.

ChainCatcher news, Huang Licheng submitted an AIP idea in ApeCoin DAO, proposing that the DAO acquire BAYC, MAYC, BAKC, Punks, and other famous NFT artworks, and donate some NFTs to museums around the world. The main collection will remain with the DAO for a global tour. He advocates for decisions on how to select and manage the NFTs to be made by him, other fashion leaders, and the community.Previous report, Huang Licheng announced on social media that he would initiate an ApeCoin AIP proposal to acquire 1,000 "Bored Apes" BAYC, 2,000 "Mutant Apes" MAYC, and some blue-chip NFTs from CryptoPunks. Huang Licheng stated that these NFTs would be donated to museums worldwide and asked the community whether to consider purchasing other NFT projects. (Source link)

ChainCatcher news, ApeCoin DAO secretary Vulkan posted an organizational chart on Twitter, detailing the salaries of the DAO leadership. The image shows their monthly salaries ranging from $7,000 to $75,000, with one Twitter user describing such salary levels as "crazy" and potentially "burning money."In response, ApeCoin DAO board member and Animoca Brands co-founder Yat Siu tweeted that the compensation paid by ApeCoin DAO was initially designed to correspond with "the responsibilities and obligations of the positions," and at that time, the closest examples found were those of directors in publicly listed companies.Siu stated that due to factors such as risk and responsibility, the salaries of directors vary, with higher compensation in different industries, and pointed out that the cryptocurrency and Web3 industries carry many risks and responsibilities. Siu believes it is somewhat unfair to compare the salaries of ordinary workers with those of positions serving a DAO like ApeCoin, which is valued in the billions. (source link)

ChainCathcer news, the proposal AIP-245 from the ApeCoin DAO community to establish a Metaverse Working Group has been voted through. The mission of the ApeCoin Metaverse Working Group is to support metaverse-related work within the ApeCoin DAO, promote APE culture into the metaverse, and develop community-led sustainable metaverse infrastructure. (Source link)

ChainCatcher news, ApeCoin DAO has initiated a vote on the "Metaverse Working Group Charter" proposal on Snapshot. Proposal AIP-245 aims to establish the ApeCoin DAO Metaverse Working Group, whose task is to promote APE culture into the metaverse by actively supporting metaverse-related work within the ApeCoin DAO, while also developing community-led sustainable metaverse infrastructure.The voting will end on June 8. If the proposal is approved, ApeCoin DAO plans to elect three administrators to oversee the Metaverse Working Group. (Source link)

ChainCatcher news, the ApeCoin DAO community's AIP 200 proposal to add a "Abstain" voting option has passed with a support rate of 71.76%. According to the proposal, the added "Abstain" option allows community members to participate in voting without favoring either side, thus encouraging more APE holders to engage in DAO governance. Once approved, ApeCoin DAO will add the abstain button as soon as possible. (Source link)

ChainCatcher news, the ApeCoin DAO community has officially submitted the improvement proposal AIP-200, aimed at adding an "Abstain" option for ApeCoin DAO voting. According to AIP-200, in addition to "Yes" and "No," the new "Abstain" option allows community members to participate in voting without having to favor either side, thereby encouraging more APE holders to engage in DAO governance.The voting for this proposal will incur no fees, and once approved, ApeCoin DAO will add the "Abstain" button as soon as possible. The voting window will open at 9 PM Eastern Time on January 27. (Source link)