$APE-ISH ON NFTS: Yat Siu Reveals His ApeCoin DAO Funded NFT Community Vault Is Up 81% Since 2023!
- Kyle
- Aug 11
- 2 min read
Two years, 108 NFTs, and an 81% increase in value later, Animoca Brands Chairman and former ApeCoin DAO Special Council member Yat Siu’s ApeCoin DAO funded NFT Community Vault is proving that stories of NFTs death during the bear market were greatly exaggerated!
Two years after the ApeCoin DAO approved the creation of an NFT vault headed by Siu as part of AIP-297 in September 2023, Siu gave the community an update on Monday, revealing that the vault is up big in US Dollars thanks to $MOCA and $PENGU token claims.
“At the time of writing (11 August 2025), 108 NFTs have been purchased out of the total approved amount of 139 NFTs,” Siu wrote in an AIP update. “The NFT purchases began in November 2023, and no new purchases have been made since the last AIP-297 update in September 2024 update due to an appreciation in almost all the collections’ floor prices during the initial purchasing period. Our Digital Asset Team will continue to assess the purchase timings to maximize the number of NFTs that can be covered by the ETH budget.”
Since making these purchases in 2023, the vault is now valued at $1,935,280 USD, according to Siu.
You can read Siu’s full update report here: https://cdck-file-uploads-us1.s3.dualstack.us-west-2.amazonaws.com/apecoin/original/2X/c/cd17995c2153920eeda1cf6f6a2b979c43dd2ae2.pdf
“I’m very pleased that our conviction in the general NFT space held true overall allowing for positive returns and proof that NFTs are here to stay and that ApeCoin played an important role in demonstrating that,” Siu told the Gazette.
As the Bored Ape Gazette previously reported, the ApeCoin DAO voted in favor of allocating 750,000 $Ape to Siu’s NFT Community Vault proposal. Along with purchasing NFTs, Siu’s AIP also laid the groundwork for the community to eventually vote on the vault’s IP use and its future.
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