votes in favor of funding $150,000 to a Bored Ape news site

ApeCoin DAO

ApeCoin DAO

ApeCoin DAO, a decentralized organization community based on the governance vote token, ApeCoin, votes in favor of funding $150,000 to The Bored Ape Gazette, a news site dedicated to providing authentic news in the Yuga Labs’ NFT world.

A proposal, AIP-70, was posted in the DAO community and open for voting. According to the website, 1.1 million ApeCoin tokens voted for and 149,000 tokens voted against the proposal. With the majority voted for, the funds will be transferred to The Bored Ape Gazette news site.

The Bored Ape Gazette mainly covers stories surrounding the Bored Ape Yacht Club NFTs, Mutant Ape Yacht Club, Kennel Club, and Otherside metaverse.

“This is a community paper that should be written by members of the $Ape community!” the proposal reads.

This means the Bored Ape community and ApeCoin DAO will never miss out on the latest news and also give the community members a chance to express their thoughts freely without any limitations.

$7,000 will be transferred on a monthly basis to the sole writer and editor Kyle Swenson in the span of one year. Each month, the new site will be expected to cover news on ApeCoin DAO and the creation of a bi-weekly Bored Ape Gazette newsletter.

“My goal has been and always will be to bring the community the important information that they need to make their own decisions,” says Swenson.