\n\u201cApeCoin DAO was a bold experiment, but one born of a different era. What started with promise has devolved into sluggish, noisy, and often unserious governance theater. Too many resources have gone to vanity proposals and low-impact initiatives.\u201d<\/p>\n
Greg Solano<\/p>\n<\/blockquote>\n
The new structure aims to \u201csupercharge the APE ecosystem\u201d by focusing resources on three key pillars: ApeChain, Bored Ape Yacht Club, and Otherside.<\/p>\n
ApeCo is designed to cut through governance gridlock by replacing broad voting with a governance-lite model, featuring stronger leadership and faster decision-making. It plans to accelerate product development, raise the bar on funding quality, and focus capital on impact and alignment, all while maintaining existing commitments such as staking contracts.<\/p>\n
By shifting operational control away from the DAO and into ApeCo, the proposal aims to focus on \u201cquality, impact, and alignment with the core of what ApeCoin is meant to power,\u201d according to Solano.<\/p>\n
Still aligns with web3 principles<\/h2>\n
Animoca Brands, an early participant in the ApeCoin DAO, expressed understanding of the shift, with co-founder Yat Siu emphasizing that such decisions reflect the will of the community. In an interview with crypto.news, Siu noted that while Animoca deeply values decentralization and tokenholder rights, the move toward a centralized structure like ApeCo is still aligned with web3 principles if chosen democratically by tokenholders.<\/p>\n
Across the DAO forum and social media, dozens of ApeCoin holders, including several long-time contributors and AIP authors, voiced approval. The dominant tone was one of relief and optimism, as many framed the shift as a necessary evolution for the ecosystem.<\/p>\n
<\/p>\n
Still, not all responses were uncritical. Some questioned the implications of dissolving the DAO. Community member Frostyz asked what would happen to \u201capproved AIPs, which never made anything,\u201d whether recent allocations like the Banana Bill or acquired NFTs would be transferred to ApeCo, and whether unexecuted co-investment proposals, such as one from Animoca\u2019s Yat Siu, would be cancelled.<\/p>\n
When asked about Animoca\u2019s involvement prior to the proposal\u2019s release, Siu said the firm was given a heads-up but was not consulted in its development. The outcome, he reiterated, will ultimately be determined by ApeCoin holders through their votes.<\/p>\n
\u2018Exit game\u2019<\/h2>\n
Others voiced concern over the optics and rapid sequence of events, with Lanzer writing that the AIP is \u201cbad optics for Yuga Labs and Garga. I personally have concerns about the confusing and fast sequence of events that led us here.\u201d<\/p>\n
LikKee.eth reiterated earlier concerns that the structure was unsustainable, pointing to frustrations such as needing a separate AIP just to update the official website with ApeChain links. He called the DAO \u201ca throwaway of the VC exit game.\u201d<\/p>\n
\n\u201cNot to doubt Yuga is one of the most successful pioneer in NFT\u2019s space, but if Yuga are the controller of ApeCo, I\u2019m here to worry. The ability of the Yuga team to take on another organisation again is in doubt as not a beautiful transcript in the acquisition of Cryptopunk, Meebits, Moonbirds, WENEW, Roar and building Otherside with studios, like Improbable, etc.\u201d<\/p>\n
LikKee.eth<\/p>\n<\/blockquote>\n
Some offered alternative paths. One detailed proposal suggested sunsetting governance but retaining the foundation as a central steward, using a time-locked reserve and new investment policy rather than a full transition to an external company.<\/p>\n
Still, these concerns were largely drowned out by vocal supporters as comments like \u201cthis is the perfect evolution,\u201d \u201clet\u2019s make history \u2014 again,\u201d and \u201cthis is what is absolutely needed\u201d reflected the dominant mood.<\/p>\n
On concerns around decentralization optics, Siu pointed out that ApeCoin DAO was created in a very different regulatory environment, particularly in the U.S., and that adapting governance models is a natural response to evolving conditions.<\/p>\n
\n\u201cIn the case of ApeDAO, the regulatory environment and sentiment that prevailed during much of the last three years posed challenges to operations, and provided some important lessons that have been the topic of much discussion.\u201d<\/p>\n
Yat Siu<\/p>\n<\/blockquote>\n
Siu said Animoca Brands will continue supporting the ApeCoin ecosystem under the new model. He noted that the company remains a shareholder, a partner of Yuga Labs, and an active participant in governance. He also expects Animoca to play a role in ApeCo going forward.<\/p>\n
The final vote on Garga\u2019s proposal remains open, but with over 98% of votes cast in favor so far, the active community appears to show strong support for sunsetting the DAO in favor of ApeCo\u2019s more centralized operational model.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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