Bored Ape Yacht Club’s ApeCoin native token to fund 24-hour news website

The APE decentralized autonomous organization (DAO) approved a proposal to fund the 24-hour news website covering BAYC creator Yuga Labs and the community on Thursday. 

See related article: Majority of ApeCoin token holders vote to stay on Ethereum

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Fast facts

• The Bored Ape Gazette website will become a 24-hour style news site complete with a live BAYC, MAYC, BAKC and Otherdeed sales ticker, the approved proposal said.

• The portal will also have information on Ape prices, important dates such as DAO votes and other community-related events, a classifieds section where community members can list their BAYC/ Yuga related art and services, among others.
• The updates to the Bored Ape Gazette website will begin immediately after the approval of the grant with the website scheduled to be transformed within a quarter. 

• The Bored Ape Gazette tracks all Yuga Labs projects and NFT market insights, and is expected to cost APE DAO approximately $150,000 in the first year.

• The plan is to turn the Bored Ape Gazette into a sustainable business model over the next one year.

See related article: ApeCoin cracks US$26, now largest metaverse token ahead of Otherside

Source by forkast.news