ApeCoin DAO Votes to Fund Bored Ape Yacht Club’s 24-Hour News Website Using APE

The popular community-based crypto phenomenon that began with Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) continues to grow.

According to a forum post on the website of BAYC-affiliated digital asset ApeCoin (APE), the community just voted overwhelmingly to increase funding for an online news site called The Bored Ape Gazette. .

In mid-June, a proposal was posted on the forum requesting annual funding of approximately $150,000 for publication through a grant from the decentralized autonomous organization ApeCoin (DAO).

The proponent said,

“We have a plan to transform Bored Ape Gazette into a sustainable business model over a one-year period and I am applying for a community grant to help me achieve this goal.”

Enhancements include a live ticker to track NFT artwork sales, an APE price chart, and a community events calendar.

The Gazette was launched in June 2021 and functions as a source of information regarding all aspects of the Ape community. Topics include the activity of the founder of the Yuga Labs project, the Otherside metaverse, and new NFT creations.

Yesterday, a forum member with the username moonkt announced that over 87% of the community voted to approve the additional funding.

Source: ApeCoin

The official ApeCoin then took to Twitter to inform his 377,000 followers that the vote had passed.

“We are here to finance your ambition. Keep the ideas coming, gang.

ApeCoin has been in a strong rally for most of the week, at one point rising 30.2% from $5.49 to $7.15.

APE corrected slightly, down 3.36% on the day and trading at $6.69.

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