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Yuga Labs, the creator of Bored Ape Yacht Club, has proposed replacing ApeCoin with ApeCo to address governance inefficiencies. The move aims to streamline funding and improve decision-making for key projects like ApeChain and Otherside. This comes after widespread criticism of the ApeCoin DAO’s slow and politicized operations.
- Yuga Labs proposes replacing ApeCoin DAO with ApeCo to improve governance and funding efficiency.
- The ApeCoin DAO faced criticism for being slow, politicized, and manipulated by conflicting interests.
- Transition to ApeCo would dissolve existing DAO structures, including forums and voting systems.
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