YUGA LABS CEO PUSHES TO SCRAP APECOIN DAO AND LAUNCH APECO

- Yuga Labs CEO Greg Solano proposed shutting down the @ApeCoin DAO—calling it "sluggish, noisy."

- In its place he wants a faster, leaner entity called ApeCo.

Key Details:

- Solano said the DAO was born in a different era—March 2022. It began with promise. But it soon turned into “governance theater,” overrun by vanity proposals and waste.

- He claimed it had become inefficient, slow to act, and misaligned with the mission of Bored Ape Yacht Club, Otherside, and ApeChain.

- According to Solano, ApeCo would replace the DAO completely—scrapping tokenholder voting, working groups, and existing proposals.

- All assets, except those reserved for staking and legal costs, would be transferred to ApeCo.

- ApeCo’s mission is to fund only the best builder and back three pillars:

1. ApeChain

2. Bored Ape Yacht Club

3. Otherside

- According to Solano, ApeCoin should power the next stage of Web3. Not get stuck in meetings about meme proposals.

“We’re building the best chain in crypto and expanding the most iconic brand in NFTs, " Solano said. "ApeCoin should be the economic engine for that future.”

Mixed Reactions

- Supporters say it's the reset the project needs. “DAO fatigue is real,” one user posted. “Let’s build smarter.”

- But others aren’t sold. One vocal critic said it sends “bad optics” and feared the DAO’s collapse would hurt community trust.

- Only 143 votes have been cast so far. The fate of the DAO and ApeCoin’s future now hangs in the balance.

Image: Apecoin