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Yuga Labs has proposed dissolving the ApeCoin DAO and replacing it with a new governing body, ApeCo. This move aims to streamline governance and address criticisms of inefficiency within the current decentralized structure.
- Yuga Labs proposes replacing ApeCoin DAO with ApeCo, transferring $168M in assets.
- Criticism of DAO's inefficiency and low voter engagement drives the proposal.
- Transition could impact broader Web3 debates on decentralized governance viability.
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