What is the ApeCoin DAO?

The ApeCoin Decentralized Autonomous Organization (DAO) is the community-governed framework established to oversee the ApeCoin ($APE) token and its associated ecosystem.¹ Launched in March 2022, the DAO was designed to empower a decentralized community of token holders to collectively make decisions regarding the allocation of its treasury, known as the Ecosystem Fund, as well as governance rules, strategic partnerships, and future projects.² Membership in the ApeCoin DAO is permissionless, requiring only the holding of at least one ApeCoin, which grants the holder the right to participate in the governance process.¹

The DAO operates in conjunction with the APE Foundation, a distinct legal entity that serves as the steward of the DAO.⁵ The Foundation is tasked with the day-to-day administration and project management necessary to implement the decisions passed by the DAO community.⁷ This two-part structure separates the decentralized decision-making of the community from the centralized, real-world execution required for legal and operational matters.

ApeCoin ($APE) is an ERC-20 token built on the Ethereum blockchain that functions as both the governance and utility token for the ecosystem.⁹ It is deeply connected to the intellectual property of

Yuga Labs, the creators of the highly successful Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. Despite this close association, the ApeCoin DAO was launched as a legally separate and independent entity, a structural decision with significant regulatory and community-building implications.⁷

The history of the ApeCoin DAO is marked by ambitious initiatives, significant controversies, and a persistent tension between the ideals of decentralized governance and the practical demands of efficient execution. This tension culminated in June 2025, when Yuga Labs introduced Ape Improvement Proposal (AIP) 596, a landmark proposal to dissolve the ApeCoin DAO in its current form and transfer its assets and responsibilities to a new, more centralized entity named ApeCo.¹² Citing operational inefficiencies and a lack of strategic focus within the DAO model, the proposal received overwhelming support from the community, signaling a pivotal shift in the governance and future direction of the entire Ape ecosystem.¹⁴

History and Launch

The emergence of the ApeCoin DAO is inextricably linked to the cultural and financial success of Yuga Labs’ Bored Ape Yacht Club. The launch was a carefully orchestrated event that aimed to distribute a new token to its core community while navigating the complex regulatory landscape of the cryptocurrency industry.

Origins and Association with Yuga Labs

ApeCoin ($APE) was officially launched on March 17, 2022.⁹ While the token is the native currency for the ecosystem built around Yuga Labs’ intellectual property, it was formally introduced by the ApeCoin DAO, not by Yuga Labs itself.¹⁰ This distinction established the DAO as a legally independent, decentralized body from its inception.¹¹

This structural separation was a sophisticated and strategic maneuver. By having a decentralized entity issue the token, the arrangement was designed to mitigate potential regulatory risks, particularly concerning U.S. securities laws. Frameworks such as the “Hinman Test” suggest that a token issued by a “sufficiently decentralized” body is less likely to be classified as a security.¹⁹ This legal architecture provided a veneer of plausible deniability, framing the token’s launch as a community-led initiative rather than a direct issuance from the corporate entity of Yuga Labs.¹⁹

Simultaneously, this approach served as a powerful marketing and community-building tool. It reinforced the Web3 narrative of community ownership and decentralized governance, which resonated strongly with the existing BAYC holders and the broader crypto community.

Despite the formal separation, the ties to Yuga Labs remain deep and influential. Yuga Labs and its four founders were major recipients of the initial APE token allocation, making them significant stakeholders and influential members within the DAO.⁵ Furthermore, Yuga Labs publicly committed to adopting APE as the primary token for all its new and future projects, most notably its ambitious metaverse project, Otherside, thereby cementing the token’s utility and value proposition within its expanding ecosystem.⁵

The Initial Token Airdrop

Instead of a traditional initial coin offering (ICO) or public sale, ApeCoin was distributed to the community through a claimable airdrop, a method that rewards early supporters and decentralizes the initial token supply.²⁰ This event was not merely a distribution mechanism but a significant marketing event that generated widespread publicity and instantly created a large, financially invested user base for the new DAO.¹⁷

A total of 150 million APE, representing 15% of the total supply, was allocated for the airdrop to holders of Yuga Labs’ NFT collections.²⁰ The claim amounts were tiered based on the specific NFTs held, reflecting the different market values of the collections ²³:

• Bored Ape Yacht Club (BAYC) holders: 10,094 APE per NFT.
• Mutant Ape Yacht Club (MAYC) holders: 2,042 APE per NFT.
• BAYC + Bored Ape Kennel Club (BAKC) holders: 10,950 APE per pair.
• MAYC + Bored Ape Kennel Club (BAKC) holders: 2,898 APE per pair.

The claim period began on March 17, 2022, and remained open for 90 days.²³ At the time of its launch, the value of the claimable tokens made it one of the most lucrative airdrops in the history of cryptocurrency. Each BAYC holder, for example, could claim tokens worth over $100,000, creating an immediate wealth effect within the community and driving intense interest in the project.²⁴

The Airdrop Flash Loan Exploit

The launch was not without incident. Shortly after the airdrop went live, a vulnerability in the claiming contract’s logic was exploited, highlighting the technical risks associated with large-scale smart contract deployments.²⁴ The airdrop contract was designed to verify ownership of an eligible NFT at the moment of the claim but crucially lacked a check for the duration of ownership.²⁴

An attacker capitalized on this oversight by executing a flash loan attack. Using a decentralized finance (DeFi) protocol, the attacker borrowed a large sum of assets to momentarily acquire a BAYC NFT from a liquidity vault on the NFTX protocol. With temporary ownership of the NFT, the attacker’s smart contract called the claim function on the ApeCoin airdrop contract, successfully receiving the APE tokens. Immediately afterward, the contract returned the BAYC NFT to the vault and repaid the flash loan, all within the span of a single Ethereum transaction.¹⁶

Through this exploit, the attacker managed to fraudulently claim 60,564 APE, which were subsequently sold on the open market for a profit of approximately $1.5 million.²⁴ The incident served as a stark reminder of the security challenges in the Web3 space and the ingenuity of malicious actors.

Core Components of the Ecosystem

The ApeCoin DAO’s operational structure relies on two key entities: the APE Foundation, which provides legal and administrative support, and its Special Council, which oversees the Foundation’s activities.

The APE Foundation

The APE Foundation is the legal steward of the ApeCoin DAO, incorporated to serve the needs of the decentralized community.⁶ Its fundamental purpose is to facilitate the growth and development of the APE ecosystem by executing the governance decisions passed by DAO members.⁵ The Foundation is not an overseer or a governing body in itself; rather, it acts as a base layer that enables the DAO’s vision to become a reality.²⁷

The Foundation’s responsibilities include day-to-day administration, financial bookkeeping, legal compliance, and the project management of initiatives funded by the DAO.⁷ It manages the Ecosystem Fund through a multi-signature wallet and disburses funds as directed by approved AIPs, ensuring that community-led proposals are properly implemented.²⁷ This structure allows the DAO to interact with traditional legal and financial systems, which a purely decentralized entity cannot easily do.

The Special Council (The Board)

Within the APE Foundation is a special council, commonly referred to as the “Board,” which is tasked with providing oversight of the Foundation’s administrators and ensuring that the DAO’s proposals are administered in line with the community’s vision.¹

The initial Board was composed of five high-profile individuals from the technology and cryptocurrency sectors, who served a six-month term to guide the project’s early stages.¹ Following this initial period, the governance framework stipulated that Board members would be elected by ApeCoin DAO members in semi-annual votes.¹ The DAO also retains the power to remove a Board member before the end of their term through a majority vote of token holders, providing a mechanism for accountability.¹

The composition of the Board has evolved since its inception, transitioning from the initial appointed members to individuals elected directly by the community.

Member Name	Affiliation	Term	Status
Alexis Ohanian	Co-founder of Reddit	Initial (Mar 2022 – Nov 2022)	Initial Appointee
Amy Wu	Head of Ventures & Gaming at FTX	Initial (Mar 2022 – Nov 2022)	Initial Appointee, Resigned
Maaria Bajwa	Principal at Sound Ventures	Initial (Mar 2022 – Nov 2022)	Initial Appointee, Resigned
Yat Siu	Co-founder & Chairman of Animoca Brands	Mar 2022 – Present	Initial Appointee, Re-elected
Dean Steinbeck	President & General Counsel at Horizen Labs	Initial (Mar 2022 – Nov 2022)	Initial Appointee, Resigned
BoredApe G	N/A	Jan 2023 – Present	DAO-Elected
Gerry	N/A	Jan 2023 – Present	DAO-Elected
Vera Li	N/A	Jan 2023 – Present	DAO-Elected

ApeCoin ($APE) Tokenomics

The economic design of ApeCoin is centered around a fixed supply and a multi-faceted utility proposition, intended to drive long-term value and engagement within the ecosystem.

Supply and Utility

ApeCoin’s total supply is permanently fixed at 1 billion tokens. The token’s smart contract does not include any functions for minting new tokens or burning existing ones, ensuring that the total supply will never change.¹⁰ This fixed supply is a core feature of its economic model.

The utility of APE is designed to be multi-dimensional ²³:

• Governance: As the DAO’s governance token, APE grants holders the right to vote on all proposals, directly influencing the future of the ecosystem. One token equals one vote.⁹
• Unification of Spend: APE serves as the ecosystem’s native currency, providing a shared medium of exchange for all participants and projects, such as Yuga Labs’ Otherside metaverse, without the need for centralized financial intermediaries.²³
• Access: Holding APE provides access to exclusive parts of the ecosystem, including games, merchandise, special events, and other services that are otherwise unavailable.⁹
• Incentivization: The token acts as a tool for third-party developers to participate in and build upon the ecosystem. By incorporating APE into their own services, games, and applications, developers can align themselves with the broader community and tap into its network effects.²³

Initial Allocation and Vesting Schedules

The 1 billion APE tokens were allocated across four primary groups at launch. To ensure long-term alignment and prevent immediate sell pressure that could destabilize the token’s price, significant portions of the allocation were subject to lock-up periods and gradual vesting schedules, with most tokens set to become fully liquid by 2026.²⁰

The detailed allocation and vesting plan provides a clear picture of the token’s distribution and its release into circulation over time. This transparency is crucial for investors and analysts assessing the project’s long-term economic stability and potential sources of market pressure.

Allocation Group	Token Amount	% of Total	Vesting Schedule
Ecosystem Fund	620,000,000	62%
– Airdrop to NFT Holders	150,000,000	15%	100% unlocked at launch (Mar 17, 2022).
– DAO Treasury & Resources	470,000,000	47%	117,500,000 unlocked at launch, then 7,343,750 unlocked per month for 48 months.
Yuga Labs & Charity	160,000,000	16%
– Yuga Labs	150,000,000	15%	12-month lock-up, then 4,166,666.67 unlocked per month for 36 months.
– Jane Goodall Legacy Foundation	10,000,000	1%	12-month lock-up, then 277,777.78 unlocked per month for 36 months.
Launch Contributors	140,000,000	14%	Varies. Includes upfront, 6/12/18 month unlocks, and 12-month lock-ups followed by 33 or 36-month vesting.
BAYC Founders	80,000,000	8%	12-month lock-up, then 2,222,222.22 unlocked per month for 36 months.

Governance Structure

The governance of the ApeCoin DAO was designed to be a formal, community-led process, giving every token holder a voice in the ecosystem’s direction. This was facilitated through a structured proposal system and an accessible voting platform.

DAO Membership and Voting

Membership in the ApeCoin DAO is open to anyone who holds APE tokens, with the only requirement being a balance of at least one APE.¹ The core principle of its governance model is “1 APE = 1 vote,” ensuring that voting power is proportional to a member’s stake in the ecosystem.¹

To make participation as accessible as possible, voting is conducted off-chain using Snapshot, a widely used gasless voting platform.¹ This approach allows members to cast their votes without incurring Ethereum network transaction fees, which can be a significant barrier to participation in on-chain governance systems.³² All votes are cryptographically signed and publicly verifiable, maintaining transparency.¹

The governance framework also includes a vote delegation mechanism. DAO members can delegate their voting power to another member whom they trust as a subject matter expert or a more active participant.¹ This feature allows passive holders to still have their stake represented in governance. It is also the designated method for holders of tokens that are still under lock-up from the initial allocation to participate in voting, ensuring that key stakeholders can contribute to governance from day one.¹

The Ape Improvement Proposal (AIP) Process

The formal procedure for submitting, debating, and voting on proposals is known as the Ape Improvement Proposal (AIP) process. It was modeled after the well-established Ethereum Improvement Proposal (EIP) system and designed to be a rigorous, multi-stage framework to ensure that all proposals are thoroughly vetted before reaching a final community vote.¹

The highly structured, nine-phase AIP process was intended to bring professionalism and order to the DAO’s decision-making. However, this same structure contributed to the operational slowness that would later be cited as a primary reason for the DAO’s proposed dissolution. The system, while robust in theory, created significant administrative overhead that often stifled the agility needed in the fast-moving Web3 market. The very mechanisms designed to ensure quality became a bottleneck, illustrating the inherent trade-off between comprehensive governance and rapid execution.

The key phases of the AIP process were as follows ¹:

1. Phase 1: AIP Idea: A proposal begins as an idea posted on the official ApeCoin DAO Discourse forum. This serves as an informal “temperature check” to gather community feedback and comments for a period of seven days.¹
2. Phase 2: AIP Draft: Following the feedback period, the author formalizes the proposal using a standardized AIP template, which requires detailed information about the proposal’s rationale, implementation steps, timeline, and costs.¹
3. Phase 3: AIP Analysis Report: A project management team engaged by the APE Foundation reviews the draft and produces an analysis report. This report assesses the proposal’s costs, technical feasibility, legal considerations, and potential conflicts of interest, providing DAO members with objective information to make an informed decision.¹
4. Phase 4-6: Moderation and Administrative Review: The draft and its analysis report are reviewed by DAO moderators for compliance with guidelines. More complex proposals, or those posing a potential risk to the DAO, are escalated to the APE Foundation’s Board for an administrative review.¹
5. Phase 7: Live AIP: Once a proposal has passed all reviews, it is posted as a “Live AIP” on Snapshot. A formal voting window is opened, typically lasting for 13 days.¹
6. Phase 8-9: Finalization and Implementation: If a proposal receives a majority of “in favor” votes, it is marked as “Accepted” and moves to the implementation phase. The project management team engaged by the Foundation is then responsible for overseeing the execution of the proposal as outlined in the AIP.¹

This process was later updated following the passage of AIP-582, which introduced a distinction between “Constitutional” AIPs (those affecting core governance or the ApeChain protocol) and “Non-Constitutional” AIPs (such as funding requests), each with different voting thresholds to pass.³⁶

Major Initiatives and Controversies

Throughout its existence, the ApeCoin DAO has been at the center of several high-profile initiatives and contentious debates that have significantly shaped its trajectory and the perception of the broader ecosystem.

The Otherside Metaverse and the “Gas War”

One of the most significant events in the DAO’s history was the launch of Yuga Labs’ metaverse project, Otherside. ApeCoin was designated as the primary and exclusive currency for this new virtual world, with the first major use case being the minting of 55,000 “Otherdeeds” land NFTs on April 30, 2022.⁵

The demand for Otherdeeds was unprecedented, leading to a massive surge in traffic on the Ethereum network. This created a “gas war,” a scenario where users aggressively outbid each other on transaction fees to have their mint transactions processed by miners.³⁹ As a result, Ethereum gas fees skyrocketed to historic highs. Minters collectively spent over 56,000 ETH, valued at approximately $177 million at the time, on gas fees alone, more than half the amount Yuga Labs raised from the sale itself.³⁹ The network became congested to the point of being temporarily unusable for many, and thousands of transactions failed, with users losing their gas fees without receiving an NFT.⁴²

In the aftermath, Yuga Labs issued an apology for “turning off the lights on Ethereum” and publicly stated that it was “abundantly clear that ApeCoin will need to migrate to its own chain to properly scale”.³⁹ This statement directly prompted the ApeCoin DAO to begin exploring scaling solutions. The incident sparked proposals from competing blockchain ecosystems, such as Avalanche, which pitched the idea of building Otherside on one of its subnets.⁴⁵ However, the DAO ultimately voted in favor of remaining within the Ethereum ecosystem, opting to develop a dedicated Layer-2 or Layer-3 solution.⁴⁷ This decision laid the foundation for what would eventually become ApeChain.⁴⁸

Leadership Compensation Debate

In June 2023, the ApeCoin DAO faced significant internal controversy after its secretary published an organizational chart that detailed the monthly compensation for its leadership positions.³⁰ The chart revealed that each of the five members of the Special Council received $20,833 in APE per month, while the DAO’s administrator, Webslinger, received a fee of $75,000 per month.³⁰

The disclosure triggered a wave of criticism from the community. Many token holders described the salaries as “insanely out of touch,” particularly as the market price of the APE token had declined by over 90% from its peak.³⁰ Community members questioned the value being provided by the leadership in exchange for what amounted to six-figure annual compensation, arguing that the DAO was “burning cash on nothing”.³⁰

In response, Board member Yat Siu defended the compensation structure. He argued that the roles came with significant responsibility and legal liability, comparable to that of directors on the board of a mid-cap public company.⁴⁹ He contended that competitive compensation was necessary to attract and retain qualified individuals to manage a multi-billion dollar ecosystem.⁴⁹

The debate culminated in AIP-337, a proposal to halve the Special Council’s salary. The proposal saw the highest voter participation of any AIP in the DAO’s history but was ultimately rejected in a close vote. The outcome was largely decided by a few large token holders, or “whales,” who voted against the measure, highlighting a significant disconnect between the sentiment of the broader community and the interests of its largest stakeholders.⁵²

Key AIPs and Ecosystem Funding

The decisions made through the AIP process have been instrumental in defining the utility of ApeCoin and the strategic direction of the ecosystem. A few key proposals stand out as particularly impactful.

AIP Number	Title / Topic	Summary of Proposal	Outcome & Significance
AIP-4 & AIP-5	Staking Process & Pool Allocation	Initial proposals by Animoca Brands to introduce APE staking.	Rejected. The community voted against them, primarily due to the lack of a cap on how much APE could be staked, raising concerns about fairness and potential dominance by large holders.41
AIP-21 & AIP-22	Staking Process with Caps	Revised staking proposals that introduced a cap on the amount of APE that could be staked per NFT. Allocated 17.5% of total supply to staking rewards over 3 years.41	Passed. Established the foundational economic activity for the APE token, providing utility and incentivizing long-term holding. Became a cornerstone of the APE ecosystem.8
AIP-98	Official ApeCoin Marketplace	Proposal to launch an official marketplace for Yuga-related NFTs (www.apecoinmarketplace.com) with APE integration and staking features.55	Passed. Created a DAO-governed commercial platform, aiming to capture value within the ecosystem and increase APE’s utility.55
AIP-337	Re-evaluating Special Council Salaries	Proposed a 50% reduction in the monthly compensation for Special Council members following community criticism.52	Rejected. Despite significant community support, the proposal was defeated by large token holders, highlighting a disconnect between the broader community and major stakeholders.52
AIP-582	ApeChain, On-chain Governance Revamp	Proposed moving more of the DAO’s governance and treasury on-chain and establishing the framework for ApeChain.36	Passed. A major technical and governance evolution, laying the groundwork for the ecosystem’s dedicated blockchain and a more autonomous treasury.57
AIP-596	Sunsetting the DAO and Launching ApeCo	Proposal by Yuga Labs to dissolve the ApeCoin DAO and transfer all assets and governance to a new, centralized entity called ApeCo.12	Passed. The most significant proposal in the DAO’s history, marking a fundamental shift from decentralized community governance to a more traditional, corporate-led model for the sake of efficiency and focus.14

The Transition to ApeCo

In June 2025, the ApeCoin DAO entered its most transformative phase with the introduction of a proposal to effectively end its existence as a decentralized governing body and consolidate power into a new, Yuga Labs-led entity. This move represents a significant moment not only for the APE ecosystem but for the broader conversation around the viability of DAO governance in large-scale commercial Web3 projects.

AIP-596: Sunsetting the DAO

On June 5, 2025, Yuga Labs CEO Greg Solano formally submitted AIP-596, titled “Sunsetting the DAO and Launching ApeCo: A New Operating Model for ApeCoin”.¹² The proposal recommended a complete and orderly wind-down of the ApeCoin DAO.¹¹

The specifications of the proposal were sweeping and unequivocal ¹³:

• Termination of Governance: The proposal called for the termination of the entire DAO governance system, which included revoking all governance rights and voting powers held by APE token holders.¹¹
• Nullification of Past Decisions: All prior AIPs would be nullified, with the exception of legally binding contracts that were already executed.¹¹
• Dissolution of DAO Structures: All delegated authorities, working groups, elections, and community forums associated with the DAO would be dissolved.¹²
• Transfer of Assets: All assets held by the ApeCoin DAO and the APE Foundation, including the treasury of approximately 169 million APE (valued at over $168 million at the time), intellectual property, smart contracts, and technical infrastructure, were to be transferred to the new entity, ApeCo.⁵⁹

Rationale and Community Response

The primary motivation behind this radical proposal was the perceived failure of the DAO model to deliver efficient and strategic results. Solano described the DAO as a “bold experiment, but one born of a different era” that had “devolved into sluggish, noisy, and often unserious governance theater”.¹¹ He argued that the DAO’s structure wasted too many resources on “vanity proposals and low-impact initiatives” and created “governance gridlock that holds real builders back”.¹² The stated goal of transitioning to ApeCo was to install a “leaner, faster org” with a “more professional operating model” capable of executing on a focused strategy.¹²

The community’s reaction to the proposal was overwhelmingly positive. Forum discussions were “mostly supportive,” with many members expressing sentiments of “DAO fatigue” and agreeing with the assessment that the DAO had become inefficient and “a drag on the entire ecosystem”.¹² An informal Snapshot poll to gauge community sentiment before the official vote showed over 99% support for the transition, indicating that token holders prioritized the promise of better execution and potential ecosystem growth over the philosophical ideal of decentralized governance.¹⁴ While a few dissenting voices expressed concerns about the “bad optics” of centralization and rejected the premise that the DAO had failed, they were a small minority.¹²

The Proposed ApeCo Structure and Future Roadmap

ApeCo is a new corporate entity established and controlled by Yuga Labs to assume full responsibility for stewarding the ApeCoin ecosystem.¹³ Its mission is to eliminate the ambiguities of DAO governance and strategically direct resources toward three core pillars ¹¹:

1. ApeChain: The ecosystem’s dedicated blockchain.
2. Bored Ape Yacht Club: The flagship NFT brand.
3. Otherside: The metaverse project.

Under this new “governance-lite” structure, ApeCo will implement a more disciplined approach to funding, offering milestone-based grants and demanding tighter accountability from builders to ensure a focus on quality and impact.¹¹

The future roadmap for the ecosystem under ApeCo’s leadership involves several key initiatives. A primary focus is the expansion of ApeChain’s utility, particularly for gaming and NFT applications.⁶⁰ The ecosystem also plans to continue its multi-chain strategy, which includes a recent integration with the Solana blockchain to tap into its high-speed, low-cost environment.¹⁵ Finally, real-world community engagement remains a priority, with plans for events like ApeFest to strengthen the brand’s cultural relevance.⁶⁰

This transition from the ApeCoin DAO to ApeCo marks a pivotal maturation point for the ecosystem. It reflects a pragmatic choice to favor the efficiency and strategic focus of a centralized, professional management structure over the ideological purity of a fully decentralized, community-run organization. This move serves as a significant case study for the broader Web3 industry, suggesting that as projects scale and face the demands of a competitive market, hybrid or even more traditional corporate models may become necessary to ensure long-term success and growth.

See Also

• Decentralized autonomous organization (DAO)
• Yuga Labs
• Bored Ape Yacht Club
• ApeCoin ($APE)
• Otherside (metaverse)

References

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36. AIP-582: ApeChain, On-chain – ApeCoin DAO Governance Revamp. (n.d.). ApeCoin Forum. https://forum.apecoin.com/t/aip-582-apechain-on-chain-apecoin-dao-governance-revamp/26936
37. Updating the AIP Form – Constitutional vs Non-Constitutional. (n.d.). ApeCoin Forum. https://forum.apecoin.com/t/updating-the-aip-form-constitutional-vs-non-constitutional/28228
38. Otherside. (n.d.). Otherside.xyz. https://otherside.xyz/
39. Did Yuga Labs Purposely Botch the Otherside Land Sale?. (n.d.). Unchained Crypto. https://unchainedcrypto.com/did-yuga-labs-purposely-botch-the-otherside-land-sale/
40. Yuga Lab’s Otherside land sale turns into a giant gas war. (2022). Amy Castor. https://amycastor.com/2022/05/01/yuga-labs-otherside-land-sale-turns-into-a-giant-gas-war/
41. Newman Research: ApeCoin DAO – The New AIP Proposals. (n.d.). Newman Capital. https://newmancapital.com/newman-research-apecoin-dao-the-new-aip-proposals/
42. Bored Ape Virtual Land Sale Breaks Ethereum, Wastes $180 Million in Fees. (2022). Vice. https://www.vice.com/en/article/bored-ape-virtual-land-sale-breaks-ethereum-wastes-dollar180-million-in-fees/
43. $5 Million Refund: Failed Otherside Transactions, Are You Eligible?. (n.d.). DappRadar. https://dappradar.com/blog/5-million-refund-failed-otherside-transactions-are-you-eligible
44. ApeCoin falls 30% as Otherside metaverse launches. (2022). ForkLog. https://forklog.com/en/apecoin-falls-30-as-otherside-metaverse-launches/
45. Avalanche proposes to ApeCoin DAO about creating an Otherside subnet. (n.d.). The Block. https://www.theblock.co/post/148591/avalanche-proposes-to-apecoin-dao-about-creating-an-otherside-subnet
46. AIP Idea: Otherside as an Avalanche Subnet. (2022). ApeCoin Forum. https://forum.apecoin.com/t/aip-idea-otherside-as-an-avalanche-subnet/6369
47. ApeCoin DAO Proposes to Stay on Ethereum. (n.d.). Crypto Briefing. https://cryptobriefing.com/apecoin-dao-proposes-to-stay-on-ethereum/
48. ApeChain Guide: Inside the ApeCoin ($APE) Ecosystem’s New Blockchain. (n.d.). NFT Now. https://nftnow.com/guides/apechain-guide-apecoin-ape-ecosystem/
49. Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts. (2023). Cointelegraph. https://cointelegraph.com/news/board-member-yat-siu-answers-community-concerns-on-apecoin-dao-salary-payouts
50. AIP-277: Re-evaluating ApeCoin DAO Special Council Salaries Structure. (n.d.). ApeCoin Forum. https://forum.apecoin.com/t/aip-277-re-evaluating-apecoin-dao-special-council-salaries-structure/13703
51. ApeCoin Community Triggered Over Salary Controversy. (n.d.). Binance Square. https://www.binance.com/en-NG/square/post/645828
52. ApeCoinDAO Rejects AIP 337 Proposal on Special Council Pay Cut. (2023). NFT Now. https://nftnow.com/news/apecoindao-rejects-aip-337-proposal-on-special-council-pay-cut/
53. Implementation Update | AIP-21: Staking Process with Caps (1x drop) – Process. (n.d.). ApeCoin Forum. https://forum.apecoin.com/t/implementation-update-aip-21-staking-process-with-caps-1x-drop-process/17299
54. ApeCoin Price May Explode With AIP-21/22 Staking Update. (n.d.). Investing.com. https://www.investing.com/news/cryptocurrency-news/apecoin-price-may-explode-with-aip2122-staking-update-2845665
55. ApeCoin DAO Has Launched Its Official Marketplace. (n.d.). ApeCoin. https://apecoin.com/marketplace
56. AIP-337: Re-evaluating ApeCoin DAO Special Council Salaries Structure. (n.d.). ApeCoin Forum. https://forum.apecoin.com/t/aip-337-re-evaluating-apecoin-dao-special-council-salaries-structure/18817
57. Implementation Update | AIP-582: ApeChain, On-chain – ApeCoin DAO Governance Revamp. (n.d.). ApeCoin Forum. https://forum.apecoin.com/t/implementation-update-aip-582-apechain-on-chain-apecoin-dao-governance-revamp/27738
58. Yuga Labs Proposes Dissolution of ApeCoin DAO. (n.d.). ForkLog. https://forklog.com/en/yuga-labs-proposes-dissolution-of-apecoin-dao/
59. Yuga moves to kill ApeCoin DAO, transfer $168M in assets to new entity. (2025). CryptoSlate. https://cryptoslate.com/yuga-moves-to-kill-apecoin-dao-transfer-168m-in-assets-to-new-entity/
60. ApeCoin (APE) – Latest Updates. (n.d.). CoinMarketCap. https://coinmarketcap.com/cmc-ai/apecoin-ape/latest-updates/
61. ApeCoin (APE) – What Is It?. (2025). CoinMarketCap. https://coinmarketcap.com/cmc-ai/apecoin-ape/what-is/