The Ape Accelerator is a new incubation platform for the Bored Ape Yacht Club and ApeCoin ecosystems, which has received DAO approval from ApeCoin. The platform, powered by ApeCoin tokens (APE), will incubate and launch projects aimed at strengthening the BAYC community and the ApeCoin ecosystem.
This initiative was submitted and approved through the ApeCoin DAO’s idea proposal system (AIP-209), and an APE token grant has been approved for building and launching the Ape Accelerator.
The Ape Accelerator will be operated by Forj, a subsidiary of Animoca Brands and a leading Web3 technology company.
Having received a vote in favor of AIP-209, Forj will be building Ape Accelerator: an $APE focused incubator and launchpad that supports innovation in the $APE ecosystem🦍
Read all about the proposal and what it means:👇 https://t.co/5ykzpFM0ne
— Forj (@ForjOfficial) May 18, 2023
The Ape Accelerator is designed to involve the ApeCoin community in various roles, including Initiators, Voters, and Participants. Initiators can propose projects for incubation, while Voters can use their APE tokens to vote on whether these projects should be launched.
Participants can then support approved projects by purchasing NFTs and other tokens.
The Ape Accelerator’s launchpad will initially operate on the Ethereum network and will offer a tiered participation structure based on users’ APE shares and qualifying NFT availability.
The users’ tiers will determine the benefits they receive, such as priority sales, higher purchase limits, and better allocations of rare NFTs. The level requirements for these tiers can be defined through a voting process of the ApeCoin DAO.
More details on Ape Accelerator are available at https://forum.apecoin.com/t/aip-209-ape-accelerator-powered-by-apecoin/10818
The CEO of Forj, Harry Liu, expressed excitement about the new initiative, stating, “We are thrilled to have the support of the ApeCoin DAO community in bringing the Ape Accelerator to fruition. Our aim is to provide new opportunities for builders and creators within the Bored Ape Yacht Club ecosystem. With the Ape Accelerator, we can empower projects that will help achieve this goal.”
According to Yat Siu, the co-founder, and CEO of Animoca Brands, “The Ape Accelerator represents an innovative strategy for utilizing the democratic potential of the BAYC and ApeCoin ecosystem. It empowers creators and highlights the strength of community governance in Web3. We are excited to witness the incredible projects that will emerge from this initiative.”
Forj has been the owner of BAYC since May 2022 and has consistently worked towards empowering BAYC’s intellectual property and nurturing the growth of the community.
Recently, Forj collaborated with The Sandbox to create a Bored Ape-themed metaverse called Monkeying Around, which saw the participation of 46,000 unique players.
The Ape Accelerator is set to launch later this year, and those interested in incubating their projects can reach out to Forj at ApeAccelerator@Forj.Network.
About Forj
Forj, a subsidiary of Animoca Brands, specializes in providing cutting-edge Web3 products and technologies that offer unique experiences for fan creators.
Forj is an all-encompassing solution that employs NFTs, metaverse protocols, and blockchain technology to bring fans closer to their favorite creator brands in music, entertainment, gaming, and beyond.
Forj boasts an impressive track record of success in the industry, with key partnerships with Grammy-nominated musician Lewis Capaldi and leading creator platform Spring.
In addition, Forj has its own standout brands, including the metaverse infrastructure project Metaprints and the prominent Game-Fi project PolkaPet World.
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About Animoca Brands
Animoca Brands is a renowned digital entertainment, blockchain, and gamification firm that advocates for digital property rights and strives to push forward the development of an open metaverse.
The company has been recognized for its exceptional work, winning the Deloitte Tech Fast award, being named a Fortune Crypto 40 company, and being honored as one of the Financial Times High Growth Companies Asia-Pacific 2023.
Animoca Brands develops and publishes a diverse range of products, including original games like The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes, as well as products featuring popular intellectual properties such as Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E.
Animoca Brands has an extensive portfolio of more than 380 Web3 investments, with several subsidiaries that include The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Life Beyond Studios, Notre Game, TinyTap, Be Media, PIXELYNX, and WePlay Media.
The company’s investment portfolio comprises a range of innovative projects, such as Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, and Star Atlas, among other notable ventures.
For more info, visit www.animocabrands.com or follow them on Twitter or Facebook.
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