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.
Yuga Labs CEO Greg Solano proposes dissolving ApeCoin DAO and launching ApeCo, a new entity. All remaining Ape Foundation and ApeCoin DAO assets will transfer to ApeCo, except for fully funding ApeCoin staking contracts, legal obligations, and other fees. https://t.co/b6s0I1X9Su
— Wu Blockchain (@WuBlockchain) June 6, 2025
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…
The post ApeCoin: Yuga Labs Wants to Replace DAO with New ‘ApeCo’ to Focus on BAYC, Otherside appeared first on Coin Edition.
