Apcoin DAO Launches 24-Hour Bored App News Website, Here’s Why

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Yesterday, the Bored Ape Yacht Club (BAYC) community approved a proposal to use its native token APE to fund the 24-hour news site. The new portal, The Bored App Gazette, will cover news about the creators of the popular non-fungible token (NFT) collection Yuga Labs and the Apcoin DAO.

BAYC news site launched

The community of ApeCoin DAO, BAYC, approved a proposal called AIP-70, which will see a portion of the ecosystem funds used to grow and maintain the site. The total cost of undertaking this effort in the first year is estimated to be $150,000.

Accordingly, the Appcoin Foundation will now work on implementing the proposal in line with the Decentralized Autonomous Organization (DAO) governance protocol. A DAO is a web3 organization run by the community using native tokens. In the case of APEDA, members vote based on the number of APE tokens they hold.