Welcome back for another issue of The Bulletin Bored, where I provide news, analytics, and other information on the Apecoin DAO. With seven proposals live on Snapshot and the ApeChain vote scheduled for February 1st, there’s a lot to discuss in the DAO these next couple weeks. This week’s issue includes an overview of all seven AIPs plus a few additional updates across the DAO.

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Today’s issue is brought to you by Digital Asset Insights, a free newsletter covering the latest news and developments in the digital asset industry.

• Thank Ape Season 4 Claim Window is now open until 2/1/24

• Thank Ape adds Hazel and DrJDR to their Board

• Meta Monday Spaces with Dim are underway

Two weeks into their roles, the new Stewards are moving past the onboarding process and into actual initiatives, planning and coordination. Here's a recap of what each group worked on the past week.

There are seven proposals in the Live Voting stage this week. Voting ends at 6 PM PST on Thursday 2/1. You can view the proposals and vote on Snapshot here.

AIP-352: ApeCoin Pets and toys

This proposal is requesting funding to create pet toys, which would be equipped with IoT (“Internet of Things”) sensors to detect pet interaction. ApeCoin rewards would be calculated based on various metrics and transferred to the pet owners’ digital wallets.

It is requesting $250,000 denominated in ApeCoin, broken down as follows:

• Research and Development: $50,000

• Prototyping and Testing: $30,000

• Manufacturing: $60,000

• Blockchain Integration: $40,000

• Marketing & Promotion: $50,000

• Operations & Miscellaneous: $20,000

The team estimates $480,000 revenue in its first year and mentions $475,000 would be returned back to the DAO.

You can find the full proposal, including a detailed cost breakdown, here and the current voting results can be found here.

AIP-353: Fashion Battle Royale Powered by Apecoin, Web3 Self-Expression Redefined

Brand New Vision, a digital fashion ecosystem builder and Animoca Brands portfolio company, recently launched a dapp named ME:ID. In this proposal, they are requesting funding for a prize pool and costs to organize an IRL fashion event in Paris.

ApeCoin holders would get access to a range of ApeCoin-gated digital wearables and accessories branded by IPs owned by Yuga Labs in ME:ID. They would be able to use them to create personal, real-time 3D avatars and enter the Fashion Battle Royale.

The top 3 winners of the Fashion Battle Royale would receive ApeCoin prizes and their stylized ME:IDs would be displayed in an IRL event organized by BNV in Paris around Paris Fashion Week in early 2024.

• 1st place: 15,000 ApeCoin

• 2nd place: 7,000 ApeCoin

• 3rd place: 3,000 ApeCoin

You can find the full proposal, including a detailed cost breakdown, here and the current voting results can be found here.

AIP-367: An Apes Gotta Eat! Pancho's Poppin Foods

This proposal is requesting funding for a line of signature recipe quick-serve meals, frozen specialty food products, salty snacks & confections.

ApeCoin Club Members would have access to an exclusive 25% discount and there would be a loyalty program as well. Customers who use ApeCoin for their purchases would be rewarded with loyalty rewards in the form of digital banana peels.

The request would include $75,000, broken downs as follows:

• Initial Development: $8,500 + fees

• Package Design & Printing: $4,000 per product

• Warehousing & 3PL/Distribution: $2,500

• Marketing/Testing: $10,000

• Media Production: $4,000-$5,000

• Legal: $5,000 + $3,500 application, TM, fees

• Beta Test 1: $15,000

  • 5 products

• Beta Test 2: $15,000

  • Refinements of the initial product mix offering and additional new products

You can find the full proposal, including a detailed cost breakdown, here and the current voting results can be found here.

AIP-376: Working Group Charter - Web3 Development

We currently have three working groups established: Governance, Metaverse, and Marketing & Communications. This proposal is attempting to establish a fourth group for web3 development. According to the AIP, its mandate would be to “build income generating projects for the ApeCoin DAO, ApeCoin [DAO] Initiatives like ThankApe, Boring Security DAO, MBA licensed projects and the ApeCoin [DAO] community. ApeChain [would] be a strong focus point [if] we reach that point.”

This group would be responsible for:

• Supporting builders in the DAO

• Building projects that add value to the DAO and communities with a vested interest in ApeCoin

• Providing regular updates to the community on the group’s operations and outcomes

Initiatives would include:

• Outreach to projects and other web3 communities

• ApeCoin payment gateway

• ApeCoin powered swop

• ApeCoin powered NFT bridge and ERC-20 token bridges

• ApeCoin NFT mints

• ApeCoin SocialFi apps

• Creating spaces for builders and the community to come together

• Utilizing Web3 development technologies

• Championing new web3 technologies like account abstraction that would be utilized in an attempt to expand the DAO’s footprint

• Championing Web3 security

This proposal would include no cost and if approved would require a subsequent proposal to establish a budget. You can find the full proposal here and the current voting results can be found here.

AIP-379: Thank APE - Phase II: Amplifying a Movement

Approved one year ago, AIP-124 was phase one of Thank Ape’s project. This proposal would represent phase two, a one-year initiative that would propose to:

• Continuously sense into the needs and opportunities for ApeCoin DAO

• Attract, fund, and coordinate people to quickly respond to those needs

• Incentivize community members to engage and support value-creating projects

The Thank Ape team is requested 4.2 million ApeCoin with 80% allocated to the community for value-creating contributions and 20% allocated to service provider fees.

Below is an overview of how the team would expect to allocate funds for Phase 2 (final allocations would be clarified during the ongoing Sense processes, which all community members would be able to influence):

• 3.36 million ApeCoin allocated back to the community in the form of rewards:

  • 1.68 million to Tech Builders

  • 1.18 million to Culture Builders

  • 500,000 to Small Businesses

  • 336,000 to Emerging Opportunities

• 840,000 Apecoin allocated to ThriveCoin, Thank APE Board, and other support services:

  • 305,000 - Protocol and Platform Design & Development

  • 400,000 - Deployment Support, Partnerships, Community, Legal

  • 75,000 - Hosting Costs

  • 60,000 - Thank APE Board Members not part of the APE Foundation

You can find the full proposal, including a detailed cost breakdown, here and the current voting results can be found here.

AIP-381: ApeCoin Powered GameFi DAOs & Vaults - Resubmission

This proposal is a re-submission of AIP-324, which you can find an overview of in this newsletter issue from November.

The author mentions this re-submission includes the following updates:

• More explanation of features

• Original fund request of $520,000 would remain but the DAO would be offered 2.02% (2 million tokens) of the team’s STZ token supply

• The STZ tokens would have a 6-month lock-up period beginning on the day the funds would be received

You can find the full proposal, including a detailed cost breakdown, here and the current voting results can be found here.

AIP-383: The Public Bored - MVP Launch of a Digital Billboard Network

This proposal is requesting funding for an MVP (minimum viable product) launch of an outdoor, digital billboard network. It’s primary objectives would include:

• establishing a long-term sustainable business model

• helping fund the ApeCoin DAO treasury

• establishing new use cases for ApeCoin

• expanding the community of ApeCoin DAO builders

• providing the world with a progressively decentralized platform to showcase messaging and art

Twenty percent of top-line revenue would be sent to the ApeCoin DAO treasury until the full cost of this proposal would be returned. In addition, community members would be able to earn a ten percent reward from referrals.

The first MVP engagement would take place over a 10-day period during the Ethereum Denver Blockchain/Web3 event scheduled for February/March 2024. The team listed the following reserved spots would be considered:

• 2,000 free display spots reserved for the ApeCoin DAO to recruit more builders from ETHDenver

• 1,500 free display spots reserved for every wallet holding 5,000 ApeCoin as of Jan 1st, 2024

• 500 free display spots reserved for BAYC or MAYC NFT holders

• 500 free display spots reserved for Mocaverse NFT holders

• 250 free display spots reserved for Otherside NFT holders

• 250 free display spots reserved for JRNY Club NFT holders

• 250 free display spots reserved for the Surreal Guild

• 100 free display spots reserved for each and every separate ApeCoin DAO Delegate holding 50,000 ApeCoin or more

The team is requesting 75,000 ApeCoin, broken down as follows:

• Digital Display Truck: 15,000 ApeCoin

• Website & Technology Development: 20,000 ApeCoin

• Marketing: 10,000 ApeCoin

• Staffing and Related Expenses: 15,000 ApeCoin

• Transportation & Rentals: 5,000 ApeCoin

• Direct Sales: 5,000 ApeCoin

• Miscellaneous Expenses: 5,000 ApeCoin

You can find the full proposal, including a detailed cost breakdown, here and the current voting results can be found here.

There were two proposals that completed the voting process last Thursday. Here are the final results for each:

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Disclaimer: As part of Apecoin DAO AIP-66, my grant agreement previously included 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 views and 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, any project, or anything else in any way. By subscribing to this publication you give consent for me to use your email to send you issues of the publication’s newsletters and podcasts. You can view my Privacy Policy here.