The post ApeCoin DAO Faces Dissolution Proposal appeared on BitcoinEthereumNews.com.

Get ready for some potentially earth-shattering news from the world of NFTs and decentralized finance. Yuga Labs, the powerhouse behind the iconic Bored Ape Yacht Club collection and a key player in the ApeCoin ecosystem, is reportedly floating a radical idea: dissolving the ApeCoin DAO. This proposal, if it moves forward, could fundamentally reshape the future of the ApeCoin token and its associated community. Why is Yuga Labs Targeting the ApeCoin DAO? According to reports from JinSe Finance, Yuga Labs is looking to make a significant pivot from its previous stance of maintaining distance from the ApeCoin token’s governance. The proposal, attributed to Yuga Labs co-founder Greg Solano, doesn’t pull any punches, describing the current DAO structure as an “outdated, inefficient and unproductive governance experiment.” Strong words, indeed. The core argument seems to be that the decentralized autonomous organization, intended to empower token holders, has instead become a drain on resources without delivering effective or timely governance outcomes. This critique raises fundamental questions about the practicalities and challenges of large-scale decentralized governance in dynamic ecosystems. What Does the Proposal Actually Entail for ApeCoin Holders? The plan outlined in the reported proposal is quite straightforward, yet dramatic: Dissolution of the DAO: The existing ApeCoin DAO structure would be formally dissolved. Transfer of Assets and Responsibilities: All assets, treasury funds, and operational responsibilities currently held by the DAO would be transferred to a newly formed entity. Introduction of ApeCo: This new entity is proposed to be a Yuga Labs-controlled subsidiary or division named “ApeCo.” Revocation of Governance Rights: Crucially, the proposal calls for revoking the governance rights currently held by existing ApeCoin token holders. This means APE holders would no longer vote on proposals governing the ecosystem’s future. Essentially, this is a move to centralize control under Yuga Labs’ direct management, a…

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Filed under: News - @ June 6, 2025 11:26 am