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Yuga Labs Proposes Scrapping ApeCoin DAO and Launching ApeCo
- On June 7, 2025, Greg Solano, CEO of Yuga Labs, introduced a proposal to dissolve the ApeCoin DAO and establish a new organization named ApeCo to oversee its assets and operations.
- Solano explained that the DAO had become slow and ineffective, burdened by governance gridlock and low-impact proposals, which led to this restructuring plan.
- ApeCo aims to supercharge the ApeCoin ecosystem by focusing on three pillars—ApeChain, Bored Ape Yacht Club, and Otherside—while enabling faster decision-making and capital deployment.
- The plan would transfer about 21.25 million APE tokens to ApeCo, and would require a formal vote before implementation.
- If approved, this transition would end the DAO’s governance, remove working groups, and establish a leaner, professional operation aimed at supporting only high-quality projects in the Ape ecosystem.
18 Articles
18 Articles
Yuga Labs Proposes Replacing ApeCoin DAO with New Governance Entity 'ApeCo'
Yuga Labs Proposes Replacing ApeCoin DAO with New Governance Entity 'ApeCo'. Lidia Yadlos. 16 views. June 7, 2025. NFT Gaming Marketplace Announcement … Source link The post Yuga Labs Proposes Replacing ApeCoin DAO with New Governance Entity 'ApeCo' first appeared on Crypto News Wire.
ApeCoin DAO Faces Shutdown as Yuga CEO Proposes New ApeCo Model
key Insights: Yuga Labs CEO Greg Solano proposes ending ApeCoin DAO for faster governance structure. New entity ApeCo aims to streamline capital deployment and support ecosystem development efficiently. Community feedback shows strong approval for dissolving DAO and launching professional operations model. Yuga Labs CEO Greg Solano, known online as Garga.eth, has submitted a proposal to sunset the ApeCoin DAO and launch a new entity called ApeC…
Yuga Labs Wants to Replace ApeCoin DAO With New Entity “ApeCo” After Governance Collapse - Crypto News Flash
Yuga Labs’ proposal to replace ApeCoin with ApreCo aims to provide clear governance, focused resource allocation, and streamlined funding for projects. The ApeCoin DAO has faced criticism for being slow, inefficient, and manipulated by conflicting interests. Yuga Labs, Bored Ape Yacht Club’s creator, is proposing to change how ApeCoin is managed, suggesting to eliminate the existing DAO and set up “ApeCo” instead. With this, the company wants to…
Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco – Bitcoin News
Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decentralized Apecoin DAO and transferring its assets to a new entity called Apeco to accelerate ecosystem growth. Apecoin DAO to Dissolve Under Yuga Labs Proposal Yuga Labs CEO Greg Solano has formally proposed sunsetting the Apecoin Decentralized Autonomous Organization (DAO), calling it […]
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