The popular community-based crypto phenomenon that started with the Bored Ape Yacht Club (BAYC) Non-Fungible Tokens (NFTs) continues to grow.
According to the forum Position On the website of BAYC’s affiliated digital asset ApeCoin (APE), the community voted overwhelmingly in favor of funding an online news site called The Bored Ape Gazette.
In mid-June, a proposal was posted on the forums seeking approximately $150,000 in annual funding for this publication through a grant from the ApeCoin Decentralized Autonomous Organization (DAO).
The author of the proposal states:
We have a year-long plan to transform the Bored Ape Gazette into a sustainable business model, and we are applying for community grants to help us achieve this goal.
Enhancements include a live ticker to track NFT artwork sales, APE price charts, and a community events calendar.
The Gazette will launch in June 2021 and serve as a resource for all aspects of the Ape community. topic Includes work by project founders Yuga Labs, the Otherside metaverse, and the creation of new NFTs.
Yesterday, a forum member with the username Moonkt announced that over 87% of the community voted to approve the additional funding.
After that, the official ApeCoin was posted on Twitter Inform Its 377,000 followers the vote passed.
We are here to fund your ambitions. Keep coming up with ideas, gang.
ApeCoin showed strong gains throughout most of the week, rising 30.2% from $5.49 to $7.15 at one point.
APE corrected slightly, down 3.36% on the day and trading at $6.69.
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