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, the ApeCoin Foundation has released the transparency report for the first quarter of 2024. As of March 31, 2024, the main status of the ApeCoin treasury is as follows:Total holdings of approximately 326 million APEAccounts payable of 255,060 APEGrant reserves of 59 million APENo APE inflow this quarterOutflow of 1 million APE for operational expenses, of which 148,627 APE were used to support community activitiesTotal grants from the foundation amount to 20.6 million APEThe report also shows that 20 previously community-approved AIPs (ApeCoin Improvement Proposals) and 1 specially council-approved AIP are being executed as planned for payment. In addition, the community approved 9 new AIPs this quarter and initiated related payments.

ChainCatcher news, Greg Solano, co-founder of Yuga Labs and BAYC, who recently took over as CEO of Yuga Labs, stated that the company is reworking its roadmap through a new initiative called BluePrint.The project themed around Bored Ape Yacht Club will launch consumer-grade applications to attract new users and stimulate community building on the upcoming ApeChain network, a Yuga Labs employee confirmed that the network "will be launched soon."ApeCoin is also collaborating with web3 business platforms Halliday, Decent, and Privy to streamline the registration process. Halliday stated that it is leveraging payment companies MoonPay and Stripe to build a fiat-to-crypto on-ramp, which will be able to "accept any token payment from any blockchain" in X posts.

According to ChainCatcher's message, the proposal to establish ApeCoin Ventures initiated by Animoca Ventures, the early-stage venture capital arm of Animoca Brands, has been approved by votes on the Snapshot governance page of the ApeCoin DAO community.The voting results show a support rate of 84.27%, which means that the ApeCoin DAO will contribute $5 million worth of APE tokens, and Animoca Ventures will provide $5 million worth of fiat currency for a 1:1 match, jointly forming an investment fund with a total scale of $10 million. This fund will focus on investing in early Web3 projects in the seed and Series A stages, with a priority on projects that can integrate APE tokens into their ecosystems.

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 news, the Snapshot information shows that Animoca Brands' venture capital division, Animoca Ventures, has proposed to establish a joint venture fund, ApeCoin Ventures, in collaboration with ApeCoin DAO. The fund aims to invest in seed and Series A rounds of Web3 projects, prioritizing those that can integrate ApeCoin into their ecosystems, thereby enhancing the value, utility, synergy, network effects, and influence of ApeCoin. The size of the ApeCoin Ventures fund is $10 million, with ApeCoin DAO required to allocate $5 million worth of APE (which Animoca Ventures plans to sell for fiat currency), and Animoca Ventures contributing $5 million. The proposal is currently open for voting, with a current support rate of 83.49%, and voting will end on August 1.

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%.

ChainCatcher message, Animoca Brands' venture capital division Animoca Ventures has initiated a proposal at ApeCoin DAO, suggesting the establishment of a joint venture fund called ApeCoin Ventures in collaboration with ApeCoin.The ApeCoin Ventures fund has a scale of 10 million USD, of which ApeCoin DAO is required to allocate 5 million USD worth of APE (which Animoca Ventures will sell for fiat currency upon receipt), and Animoca Ventures will contribute 5 million USD. The fund will invest in seed and Series A Web3 projects, prioritizing those that can integrate ApeCoin into their ecosystems, thereby enhancing the value, utility, synergy, network effects, and influence of ApeCoin.The proposal is currently open for voting, with a current support rate of 83.49%. Voting will end on August 1.

ChainCatcher message, ApeCoin announced the launch of the Apechain testnet Curtis on X.

ChainCatcher news, according to TheBlock, this year, various projects have airdropped approximately $4 billion worth of cryptocurrencies to users. Based on the number of tokens distributed and the estimated average prices over the next few months, the three largest airdrops are Jupiter, Starknet, and Notcoin, each valued at around $1 billion. Following closely are Solana and Ethereum-based projects such as Wormhole, Ether.fi, FriendTech, and Wen.Additionally, a report from CoinGecko shows that to date, the largest airdrop projects in history are Uniswap, Apecoin, and dYdX.

ChainCatcher news, Animoca Brands' early-stage venture capital arm Animoca Ventures has proposed the establishment of ApeCoin Ventures on the ApeCoin DAO community forum.According to the proposal, ApeCoin DAO will contribute $5 million worth of APE tokens, and Animoca Ventures will provide $5 million worth of fiat currency for a 1:1 match, jointly forming an investment fund with a total size of $10 million. The fund will focus on investing in early Web3 projects at the seed and Series A stages, prioritizing projects that can integrate APE tokens into their ecosystems.After successful exits from investments, 50% of the token profits will be returned to ApeCoin DAO, with plans or options to convert the profits back to APE. ApeCoin Ventures will charge a 1% management fee for operational tasks such as project review, due diligence, ecosystem support, and collaborative promotion.Animoca Ventures stated that with its expertise in venture capital and the vitality and influence of the community, ApeCoin Ventures will be dedicated to enhancing the utility and adoption of APE tokens, introducing high-quality projects with synergies to the ApeCoin ecosystem, and driving long-term value growth for the ecosystem. Animoca Brands has previously successfully invested in numerous star projects, including Yuga Labs, The Sandbox, and Axie Infinity.It is reported that the proposal is expected to support up to 80 seed/Series A stage Web3 projects, with individual investments ranging from $100,000 to $250,000. If the funds are not fully deployed within two years, the remaining APE tokens will be returned.

ChainCatcher news, ApeCoin announced on the X platform that the ApeChain testnet is about to launch, and related information will be disclosed tomorrow morning in a Twitter Space.Previous news, ApeChain has voted to confirm the adoption of Arbitrum technology to develop its exclusive blockchain.

ChainCatcher message, the Snapshot governance page shows that the ApeCoin DAO community has initiated a proposal vote for the "NFT Launchpad supported by APE," aimed at enhancing the utility and adoption of APE as a token by promoting the creation and trading of NFTs. This vote will end on May 2, with the current opposition rate at 70.62%.The main goal of this proposal is to establish an NFT Launchpad that utilizes APE as currency to mint NFTs on the ERC-20 network, providing creators with a platform to mint, showcase, and trade their NFTs.

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 news, the ApeCoin DAO community has initiated a proposal to "stake 2.5 million APE in the DeFi protocol Cyan to the Cyan ApeCoin Stake treasury." Until the staking release period, all APE tokens will be returned to the DAO, but Cyan will share 50% of the staking income with the DAO.It is reported that the proposal will end at 9 AM on April 4, and the current number of opposing votes far exceeds the number of supporting votes.

ChainCatcher news, Yuga Labs stated that during the debut of its sewer parkour game "Dookey Dash: Unclogginged," it will offer a prize pool worth at least $1 million. The company has temporarily declined to respond regarding whether the prize pool will be paid in ApeCoin, stating that more details will be announced soon.Previously, it was announced that Dookey Dash will launch the Unclogginged version in the first quarter of 2024, which will be open to all users and will also provide token rewards to holders of Yuga Labs' 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 news, TokenUnlocks latest data forecast, by the end of February, the total token unlock amount in the Web3 gaming industry will reach 175 million USD.Details include: The Sandbox is set to release 205.59 million SAND tokens, worth approximately 99.2 million USD;On February 16, ApeCoin (APE) plans to unlock 15.6 million tokens, worth approximately 23.1 million USD;On February 22, Immutable will release 1.22 million IMX tokens daily over 28 days, with an expected total unlock value of 29.3 million USD;On February 27, Yield Guild Games will release 16.69 million YGG tokens, worth approximately 7.89 million USD;On February 28, Parallel will unlock 1.66 million PRIME tokens, worth approximately 16.1 million USD;On February 29, STEPN will initiate a 31-day linear unlock for GMT tokens, with an average daily unlock of 3.22 million tokens, totaling approximately 8.33 million USD.

ChainCatcher news, the ApeCoin community has voted to continue executing the proposal "Choose a Builder to Establish the Exclusive Blockchain ApeChain," with a final support rate of 95.47%. The purpose of this proposal is to select a builder to construct ApeChain (the exclusive ApeCoin blockchain) to expand APE and support the development of the ApeCoin ecosystem.