ApeCoin: Yuga Labs Wants to Replace DAO with New ‘ApeCo’ to Focus on BAYC, Otherside

• Yuga Labs moves to dissolve ApeCoin DAO, citing inefficiency and governance issues.
• New ApeCo entity to manage ApeCoin, focusing on ApeChain, BAYC, and Otherside.
• Solano targets streamlined operations with higher funding standards for APE projects.

Yuga Labs has formally proposed shutting down the ApeCoin DAO and transitioning its responsibilities to a newly formed entity, ApeCo, as part of a broader operational overhaul. 

Yuga Labs CEO Greg Solano announced this development through a newly submitted Ape Improvement Proposal (AIP), signalling a huge shift in the management and strategic direction of the ApeCoin ecosystem.

CEO Solano: DAO Hindered by “Governance Theater,” Stagnation

According to Solano, the ApeCoin DAO, which was launched back in 2022 to govern the Ethereum-based ApeCoin independently from Yuga Labs, is no longer m…

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