There is an Ape Improvement Proposal on the ballot this week that aims to put the $Ape in ApeFest 2023 by setting up a booth at ApeFest and other Yuga Labs/ Animoca Brands affiliated events across Hong Kong next month.
AIP-329 titled 'Official ApeCoin DAO Booth at Animoca Brands Event in HK (Apefest)' is an ecosystem system allocation fund proposal written by ApeCoin DAO Contributor MisterHype.
“Apefest is set to take place in Hong Kong, organized by Yuga Labs,” MisterHype wrote. “This proposal aims to establish and operate Official ApeCoin DAO Booth in HK during Apefest, participate in the upcoming Animoca Brands event, Co-hosting Mocaverse and Elite Apes. This booth will serve as an educational and networking platform, strategically aligned with the Apefest, to deepen connections, exchange knowledge, and contribute to the vibrant Web3 community.”
In total, MisterHype is asking the ApeCoin DAO to allocate $105,000 USD worth of $Ape to setting up the booth. Take a look at the budget breakdown below:
![](https://static.wixstatic.com/media/95db9b_a026cd3eb2964b9c8207c3022de0c024~mv2.webp/v1/fill/w_130,h_98,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/95db9b_a026cd3eb2964b9c8207c3022de0c024~mv2.webp)