Yuga Labs proposes to dissolve the ApeCoin DAO: governance is inefficient and slow, and the newly established ApeCo strengthens ecological development.

The CEO of Yuga Labs today proposed to dissolve ApeCoin DAO and transfer assets to a new entity, ApeCo, in order to improve efficiency but raise concerns about centralization. (Synopsis: Bored Ape (BAYC) floor price "fell below 10 ETH" evaporated 93% from the all-time high, can NFT belief be rekindled? (Background supplement: Brother Maji wants BAYC and MAYC to attack the museum!) Proposal to smash 11 million ApeCoin to buy Yuga Labs assets, issue SGD $DAM) Yuga Labs CEO Greg Solano put forward a major proposal on the 5th, proposing to dissolve the two-year-old ApeCoin DAO and transfer its assets to a new entity directly controlled by Yuga Labs, ApeCo. The main goal of this move is to address the inefficiencies of existing DAO governance and focus resources more on core projects such as ApeChain and Bored Ape Yacht Club. Proposal Details and Background Greg Solano (AIP) the Ape Improvement Proposal, which responds to Yuga Labs' dissatisfaction with the efficiency of current DAO governance. According to Coindesk 6, Solano criticized the operation of the ApeCoin DAO as "slow, noisy and often unserious governance drama" and funded "pompous proposals and low-impact initiatives." Solano believes that a more streamlined ApeCo, controlled by Yuga Labs, will be able to "break the deadlock" and focus on "high-level projects" in the three pillars of ApeChain, Bored Ape Yacht Club and Otherside. If approved, ApeCo would first inject 11.25 million APEs ( worth approximately $8.3 million ) reserve 10 million APEs for legal and transformation costs, and then receive all assets in the Foundation's treasury, including tokens, domains, and smart contracts. All existing governance powers, working groups, and future AIPs will be removed. Potential Impact and Community Reaction This proposal provoked a complex response within the community. Proponents argue that this is necessary to revive the ecosystem, especially given that some community members are tired of the efficiency of existing DAOs. Opponents, however, worry that excessive concentration of power could undermine the decentralization principles that ApeCoin originally established. This proposal has key implications for the future direction of the ApeCoin ecosystem, and the final outcome will depend on the community's vote. At present, this proposal is still in the "heat check" stage, and formal on-chain voting will follow. Related reports Yuga Labs layoffs second time in half a year: we lost our way... BAYC floor price rebound, boring ape's next step? Bitcoin NFT "NodeMonkes" market cap surpasses BAYC! Why did the bored ape walk down the altar? BAYC Boring Ape Falls! NFT floor price was overtaken by "Fat Penguin", founder of Yuga Labs: with a respectable opponent Bored Ape Cooperation Tide Brand BAPE! BAYC holders can buy "monkey holy clothes" first, starting sales in December "Yuga Labs proposes to dissolve ApeCoin DAO: inefficient and slow governance, newly established ApeCo strengthens ecological development" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".