The ApeCoin DAO Approved Of An Ape Accelerator Earlier This Week. Find Out what's Next& How To Apply

The ApeCoin DAO approved the creation of an Ape launchpad earlier this week, with the aim of propelling projects within the $Ape ecosystem from the swamp to the moon.

On Wednesday, the Apecoin DAO passed Ape Improvement Proposal 209 titled “Ape Accelerator Powered By ApeCoin,” written by Bored Ape Yacht Club member and Forj CEO, Harry Liu.

“AIP-209 Ape Accelerator Passed,” Liu tweeted after the polls closed on Wednesday. “We couldn't have done this without you! This is a community effort and we appreciate your unwavering support!”

As previously reported by the Bored Ape Gazette, Forj, a subsidiary of Animoca Brands, came up with the idea of an Ape Accelerator after consulting with builders in the Yuga Labs ecosystem and discovering that they all face similar issues.

“We see projects encounter the challenges of 1) Lack of Web2 audience, 2) Lack of ongoing utility for their projects, 3) Low frequency of interaction,” they wrote. “With the Ape Accelerator, we want to accelerate the BAYC IP ecosystem growth by building the launchpad for NFT sales and distribution, providing incubation and advisory projects on Strategic Partnerships, Storytelling, Tokenomics design, Capital Support and Distribution. We would like to form the strategic incubation vertical to maximize cohort synergy for Yuga’s ecosystem growth.”

Following the Ape Accelerator’s approval, the Bored Ape Gazette reached out to Liu to find out what’s next.

“The next step is to take a moment to thank all the people who have supported us,” Liu told the Gazette. “Additionally, it is important to reflect on the AIP journey and consider the valuable feedback we have received. This feedback will be taken into consideration to make improvements moving forward.”

Forj’s Ape Accelerator is set to launch later this year. Builders in the Yuga Labs ecosystem who are interested in being a part of the incubator program can contact the company via email at ApeAccelerator@Forj.Network.

The Bored Ape Gazette will continue to follow Forj’s Ape Accelerator and will keep you posted on the launchpad’s progress. Stay tuned for updates!