Apecoin DAO Approves Funding a Bored Ape-Centric News Publication
Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator promises to “keep the community better informed” with plans to “ramp up” Bored Ape news coverage. Apecoin DAO to Fund a Bored Ape-Focused News Site for 12 Months
Members of the Apecoin DAO have hired their own news publication for the next 12 months according to the governance proposal AIP-70. According to the proposal, the operator of the news site The Bored Ape Gazette says the publication has “grown exponentially over the past year.”
The publication’s operator insists that he is “committed to building a trusted source of information for this community and I would like to expand the operations into continuous research, analysis, and reporting across the ecosystem.”
The Bored Ape Gazette’s sole writer and editor figures it will cost $150K for the next 12 months of operation and the funds will go toward “coverage of all things ape will ramp up from 1-2 stories a day to 3-5.” The Bored Ape Gazette will focus on keeping the Apecoin DAO community “better informed” as the owner intends to draft “bi-weekly newsletters and in-depth reports.” STAKING UPDATE » After The @apecoin Foundation Announced That @HorizenLabs Would Be Building The Staking System, The Gazette Interviewed Horizen Labs Co-Founder @Crypto_Counsel To Find Out More
The full story here: https://t.co/jEQpaNFbmy
— The Bored Ape Gazette🍌 (@BoredApeGazette) July 29, 2022
The Bored Ape Gazette plans to do interviews with AIP authors and interviews with community members debating specific governance proposals. The Apecoin DAO’s community and governance system utilize the crypto asset apecoin (APE). The digital currency is currently the 34th largest crypto by market capitalization and APE’s overall market valuation today is just over $2 billion.
During the last 30 days, APE has gained 44% against the U.S. dollar but it’s down 74% from the crypto asset’s all-time price high of $26.70. The Bored Ape Gazette’s coverage delves into a great deal of BAYC-centric news, in general, that discusses subjects tied to all things ape.
News coverage includes categories like “Famous Apes,” “Club News,” “Roadmap 2.0,” and “Notable Sales.” Besides BAYC, the publication also covers subjects like the Mutant Ape Yacht Club (MAYC) NFTs, Meetbits, Yuga Labs, Bored Ape Kennel Club (BAKC), and NFT marketplaces.
Similarweb statistics show that The Bored Ape Gazette has a global website rank of 865,175 and has seen 52.4K visits. The site’s visits are down 45.68% lower than the month prior with Taiwan and the U.S. being the news site’s top traffic regions.
“Over the next year, we believe that The Bored Ape Gazette will become the go-to news source for every member of this community,” The Bored Ape Gazette’s AIP says. “With the support of the DAO, the Bored Ape Gazette website will become a 24-hour style news site.”
Furthermore, the official Apecoin DAO Twitter account explained this week that The Bored Ape Gazette’s AIP had passed and thanked everyone for participating in the governance process. Tags in this story 24-hour style news site, AIP, AIP-70, Apecoin, Apecoin DAO, BAYC, Bored Ape, Bored Ape Gazette, Bored Ape Yacht Club, crypto assets, Governance, Meebits, news, news site, news website, NFT news, Non-fungible Token, proposal, Similarweb, Taiwan, traffic, US, Yuga Labs
What do you think about the Apecoin DAO approving the year-long funding of the Bored Ape Gazette? Let us know what you think about this subject in the comments section below. Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Do Kwon, Terraform Labs Face Class-Action Lawsuit for Allegedly Selling Unregistered Securities NEWS | 7 hours ago Chainalysis Report Says $2.2 Million in Crypto Has Been Sent to Pro-Russian Groups in Ukraine NEWS | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleNon Custodial Crypto Exchange Changeangel Adds Cashback and Affiliate Programs Next articleIsrael Prohibits Cash Deals for Amounts Starting as Low as $1,700 Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40%