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  • Writer's pictureKyle

This AIP Hopes To Expand The $Ape Ecosystem By Developing DAO Governed Smart Contracts For Gaming

There is an Ape Improvement Proposal on the ballot this week that hopes to expand the $Ape ecosystem with Apecoin DAO governed gamefi smart contract wallets that resonate with gamers and Defi users. AIP-324 titled “ApeCoin DAO Governed GameFi Smart Contract Wallet,” is an ecosystem fund allocation proposal written by ApeCoin DAO contributor and 99Starz CEO, LL99Starz AKA Luca Lamberti.

“This AIP aims to build Apecoin DAO smart contract Wallets for GameFi NFts and establish a Lend assets & rewarding vault for the Game community,” Lamberti wrote. “Apecoin DAO Wallets wanted to implement active user engagement in a Game community by enabling GameFi Segment with the DAO and smart contract Wallets. With the rise of NFT-based P2E games, it’s crucial to build a community-driven ecosystem for NFT assets management in order to effectively rotate the assets among the active community members to Maximize the NFT DEFI potential.”

Simply put, AIP-324’s goal is to build the infrastructure needed for the $Ape community to manage NFTs together and maximize their NFTs potential in various games.

Animoca Brands Chairman, and inveastor in 99Starz, Yat Siu, recently tweeted his support of the proposal and said that this AIP will help make $Ape the ‘premier metaverse gaming token.’

“I am supportive of @apecoin proposal AIP-324 which I believe will be of benefit to the DAO by creating an APECOIN DAO governed GameFI smart contract wallet,” Siu tweeted over the weekend. “There is no denying that gaming is critical to the metaverse and and providing additional capabilities and utility to $APE will help make $APE the premier metaverse gaming token. The tools proposed should be of benefit to anyone who is creating games using $APE including what @animocabrands @yugalabs @OthersideMeta @BenjiBananas and anyone else is doing. For disclosure @animocabrands is an investor in @99Starz_ the proposers of AIP-324, I am a supportive advisor but receive no direct compensation for doing so.”

In total, Lamberti and 99Starz are asking the DAO to allocate $520,000 USD worth of $Ape to the project so they can build the smart contract wallets, integrate it with 5-7 games, build custom DAO features, among other things.

If passed, Lamberti estimates that the smart contract wallets can be up and running within six months.

The window to vote on AIP-324 is currently open and ApeCoin DAO Contributors have until this Wednesday, November 22nd, to cast their coins.

The Bored Ape Gazette is working to find out more about AIP-324 and the impact these new wallets will have on the DAO. Stay tuned for updates!

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