‘DAM!' One of the most anticipated and talked-about Ape Improvement Proposals of the year is going to be on the ballot this week, and the $Ape community will need to decide whether or not to fund the creation of an NFT collection comprised of various Yuga Labs assets in an effort to push digital art forward.
AIP-304 titled ‘Create the Digital Art Movement Collection to acquire Yuga Assets (BAYC, MAYC, BAKC, and Punks and other notable NFTs,’ is an ecosystem fund allocation proposal written by Bored Ape Yacht Club member and major $Ape holder, MachiBigBrother.
“Digital art remains underrepresented in the art world,” MachiBigBrother wrote. “I want to change this. I want digital art to be omnipresent. By creating and curating the Digital Art Movement Collection (aka “The DAM Collection”), we can proliferate appreciation for digital art worldwide thus leading to education and adoption. There’s no better group of people than ApeCoin DAO members to cement our place in digital art history.”
MachiBigBrother’s proposed DAM Collection will consist of Bored Apes, Mutant Apes, Bored Ape Kennel Club Dogs, CryptoPunks, among other notable NFTs and controlled by the holders of the ‘DAM’ token, according to his proposal.
“DAM tokens will be a fair-launch project, with zero team token allocation. Initial token distribution will go to users that timelock ApeCoin for up to 5 years, decentralizing governance to the ApeCoin community. One ApeCoin locked for 5 years creates an initial balance of one timelocked APE (tlAPE), with the balance decaying linearly over time toward unlock. This means 100 ApeCoins locked for 5 years is equal to 500 ApeCoins locked for 1 year.”
If passed, the ApeCoin DAO will allocate 11,000,000 $Ape towards the creation of this Digital art collection and MachiBigBrother, along with his fellow team members and the community, will work to get the digital art in the DAM collection displayed in museums, schools, and galleries and begin arranging collection exhibits, and gallery showings, according to AIP-304.
