The Bulletin Bored: 4 AIPs Currently Up for a Live Vote

Contributions to this week's newsletter made by @maariabajwa

Welcome back for another issue of The Bulletin Bored, where I provide news, analytics, and other information on the Apecoin DAO and broader BAYC ecosystem.

Much of the past week was dominated by the events during Art Basel Miami. For everyone who was able to attend, I hope you had a great experience. For those who didn’t, there is always next time! It was great meeting and catching up with so many people. I look forward to meeting many more of you next time.

• Current Special Council member Yat Siu shared details on what it means to be a member of the SC team

• Much of the past week was centered around Art Basel and the events held in Miami throughout the week. Scroll through the Bored Ape Gazette’s Twitter timeline to find all the pictures and videos he was able to capture during the week

More and more ideas are getting posted to the Discourse forum. There are currently 23 AIP Ideas on the forum, which is the highest amount since this data started being tracked two months ago.

Unfortunately, I was unable to sit down to record the Member Spotlight this week as I was in Miami. This segment will return next week.

There are four proposals in the Live Voting stage this week.

The second proposal for the Boring Security Team, this one aims to payback costs Feld has been covering, develop partnerships, and setup a UNIv3 deployment strategy to cover Boring Security’s ongoing maintenance costs.

It is requesting $420,696.90 from the DAO. Part of the funds would be used to pay back the amount of money already covered by Boring Consulting to keep the project going and working on their milestones. Here is a breakdown of costs:

• $380,000 for UNIv3 Deployment Strategy (3-pronged liquidity provision approach)

• $26,109.41 to pay back Boring Consulting (Feld) for out-of-pocket expenses

• $13,987.49 Immediate Partnerships (Ledger, etc.)

Below are the current voting results.

The goal of this proposal would be to build a website to deliver information to the community and show the development of the Asia-Pacific community. It would be a multi-language website, starting with English, Chinese, Japanese, and Korean.

The overall cost would be $164,000 for the first year with an estimated launch date of March 2023.

Below are the current voting results.

Similar to AIP-64, this proposal wants to run a feasibility study to determine if the community would want a Regional Conference & Festival in Phuket, Thailand. The cost of this proposal is listed as “in the range of $15k” with a goal to be completed in 2-3 months if this proposal were to pass.

Below are the current voting results.

This proposal aims to setup a Discord server and mentions it could be setup in two weeks. The proposal consists of an overall cost of 78,000 Apecoin per year, broken down as follows:

• Admin/coordinator - 1000 Apecoin / month

• 4 experienced moderators - 4000 Apecoin / month

• PR and marketing specialist - 1000 Apecoin / month

• Part-time security specialist - 500 Apecoin / month

Below are the current voting results.

Brian Tang, from the Cartan Group, proposed an idea called “Add new Discourse Category for Administrative Review.” Once a proposal is sent to the Special Council, it can be hard to tell when it has entered and exited that part of the process. This proposal seeks to improve transparency of the process so the community can know which proposals are in that status.

You can check out the full proposal here.

AIP-110 included 13,000 Apecoin to be used to fund three rounds of grants (13 total grants of 1,000 Apecoin each). The first round, including three of the 13 total grants, ended last week. Here are the winners of round one.

The team has also said details on the start date for round two will be coming soon.

Crypto Weekly by Maaria

Apecoin DAO Board Member Maaria continues to keep the community informed on what is happening across the Web3 community with her weekly newsletter. Below are some of the updates from her most recent issue. You can subscribe to the full version here.

• Timex will make 500 watches personalized with the NFTs of Bored Ape Yacht Club and Mutant Ape Yacht Club owners.

• Animoca Brands is raising up to $2 billion for a new fund called Animoca Capital, that will invest in metaverse businesses.

• Apple is blocking Coinbase Wallet iOS users from sending NFTs on the mobile app, claiming that gas fees are subject to its 30% in-app purchase tax.

• NFT aggregator Blur overtook X2Y2 to become the second largest marketplace on Ethereum by volume in November. OpenSea remained the largest at $259 million in volume, followed by Blur ($132 million) and X2Y2 ($120 million).

• Uniswap Labs launched its NFT marketplace aggregator, which it had been building since purchasing Genie in June. Historical Genie users received a $5 million USDC airdrop as part of the launch.

• OpenSea has generated over $1 billion in royalties for creators since Jan 1, even as its market share has shrunk from 96% in January to just under 45% at the end of November.

• More than 4.4 million Reddit Collectible Avatars have been minted since July. To date 40,000 avatars have been sold in the secondary market.

• OpenSea now supports digital assets built on Binance’s BNB blockchain.

• Crypto payments startup MoonPay is rolling out a soul bound NFT loyalty program called the “Web3 Passport”, which will give users access to exclusive events.

• Magic Eden’s shift to optional royalties has expanded its market share from 80% of Solana NFT volumes in October to 93% at the end of November.

• Candy Digital, a sports and entertainment NFT startup that raised at a $1.5 billion valuation last year, laid off more than one-third of its staff.

• TIME President Keith Grossman is leaving the media brand to lead MoonPay’s enterprise efforts. Under Grossman TIME launched NFT collections for its magazine covers and also began accepting crypto payments for subscriptions.

• The US Justice Department wants the bankruptcy court to appoint an independent examiner to probe potential wrongdoing at FTX.

• Blockchain publishing platform LBRY said that LBRY Inc. had been “killed by legal and SEC debts”. LBRY Inc. lost a year-long battle with the SEC last week and will likely pay more than $20 million for issuing unregistered securities.

• A CFTC commissioner wants to narrow the current definition of a “retail investor” by segmenting it into two categories: average households and millionaires/hedge funds.

• Brazil’s Congress passed a new bill that would give legal status to payments made in cryptocurrencies for goods and services - though it doesn’t give crypto currencies the status of legal tender.

• CFTC Chair Rostin Behnam testified before the Senate Agriculture Committee about crypto regulation and the agency’s relationship with collapsed exchange FTX.

Thanks for reading this week’s edition! As mentioned above, a lot of ideas are being proposed on the Discourse forum nearly every day. If you have one of your own and are unsure where to begin, please reach out to me so I can help you get started.

Disclaimer: As part of Apecoin DAO AIP-66, my grant agreement includes the Ape Foundation sending me 400 Apecoin per month for delivery of this newsletter. Nothing said by me in this newsletter or on Twitter should be construed as financial or legal advice. All opinions in this newsletter are my own and not representative of the Ape Foundation or Apecoin DAO in any way. The purpose of this newsletter is to inform the community about news, proposals and what is happening inside the Apecoin DAO and BAYC ecosystem, not a promotion of Apecoin or anything else in any way. By subscribing to this publication you give consent to use your email to send you issues of its newsletters and podcasts. You can view my Privacy Policy here.