{"id":24563,"date":"2025-06-06T15:14:55","date_gmt":"2025-06-06T12:14:55","guid":{"rendered":"https:\/\/forklog.com\/en\/yuga-labs-proposes-dissolution-of-apecoin-dao\/"},"modified":"2025-06-06T15:14:55","modified_gmt":"2025-06-06T12:14:55","slug":"yuga-labs-proposes-dissolution-of-apecoin-dao","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/yuga-labs-proposes-dissolution-of-apecoin-dao\/","title":{"rendered":"Yuga Labs Proposes Dissolution of ApeCoin DAO"},"content":{"rendered":"<p>Yuga Labs has <a href=\"https:\/\/forum.apecoin.com\/t\/sunsetting-the-dao-and-launching-apeco-a-new-operating-model-for-apecoin\/28242\">proposed<\/a> the dissolution of the ApeCoin DAO, suggesting the creation of a new structure to advance the APE token ecosystem.<\/p>\n<p>Greg Solano, CEO of Yuga Labs, described the organization as a bold yet outdated experiment. He remarked that the promising initiative had turned into a &#8220;slow, noisy, and often unserious governance theatre.&#8221;<\/p>\n<p>To preserve and enhance the DAO&#8217;s sole useful function\u2014funding developers\u2014Yuga Labs proposes replacing it with a new organization called ApeCo.<\/p>\n<p>Resources will focus on developing three key areas of the ecosystem: the ApeChain blockchain, the Bored Ape Yacht Club NFT collection, and the Otherside metaverse. The company also plans to expand opportunities for &#8220;genuine&#8221; developers through grants with phased payouts and stricter oversight.<\/p>\n<p>A user on X, known as OGDfarmer, stated that the DAO &#8220;was a laughing stock, a drag on the entire ecosystem, pillaged, slow, inefficient, and overly politicized from the start, with dishonest participants and extortionists everywhere.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Seriously though, I\u2019m so out of the Dao things that this might be stupid or unfeasable, but why not dissolve the Dao? <\/p>\n<p>It\u2019s been nothing but a joke, and a drag on the entire ecosystem, pillaged and slow and inefficient and overpoliticized since inception, with unaligned bad\u2026 <a href=\"https:\/\/t.co\/SSvMU5UWzh\">pic.twitter.com\/SSvMU5UWzh<\/a><\/p>\n<p>\u2014 DFarmer (@OGDfarmer) <a href=\"https:\/\/twitter.com\/OGDfarmer\/status\/1929174450777305288?ref_src=twsrc%5Etfw\">June 1, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He believes that Yuga Labs, under Solano&#8217;s leadership, will perform better.<\/p>\n<p>If the proposal is accepted, the ApeCoin DAO will be liquidated. Token holders will lose all rights and powers related to governance and assets. Previous <span data-descr=\"proposals for improving ApeCoin\" class=\"old_tooltip\">AIP<\/span> will be annulled. Delegated bodies, working groups, and forums will also cease operations.<\/p>\n<p>The new initiative by Yuga Labs has received mostly positive feedback on the ApeCoin forum. The proposal has been put to a vote, though it is intended to gauge community sentiment rather than serve as an official decision.<\/p>\n<p>At the time of writing, APE is trading at $0.73 (+3.6% over the day), according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/apecoin\">CoinGecko<\/a>.<\/p>\n<p>Back in May, Yuga Labs <a href=\"https:\/\/forklog.com\/en\/news\/yuga-labs-sells-rights-to-cryptopunks-nft-series\">sold<\/a> the rights to the CryptoPunks NFT collection to the non-profit organization The Infinite Node Foundation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuga Labs has proposed the dissolution of the ApeCoin DAO, suggesting the creation of a new structure to advance the APE token ecosystem. Greg Solano, CEO of Yuga Labs, described the organization as a bold yet outdated experiment. He remarked that the promising initiative had turned into a &#8220;slow, noisy, and often unserious governance theatre.&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1356,80],"class_list":["post-24563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bored-ape-yacht-club","tag-dao"],"aioseo_notices":[],"amp_enabled":true,"views":"126","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24563"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24562"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}