ApeCoin (APE) community gets its own separate BAYC NFT marketplace

The ApeCoin community has three proposals for a vote to have a separate NFT marketplace for Apes powered by ApeCoin (APE). NFT marketplace Magic Eden previously proposed building the ApeCoinDAO marketplace for the ApeCoin community to reduce transaction fees, increase user experience, and increase APE utility.

The ApeCoin community votes on 3 NFT Marketplace proposals

Solana-based NFT marketplace Magic Eden’s proposal “AIP 93: A Marketplace for Apes, by Apes, built by Magic Eden – Brand Decision” is now open for voting from 16-22. September.

The proposal aims to build the ApeCoinDAO marketplace for ApeCoin (APE) holders to buy and sell ApeCoinDAO NFTs including BAYC, MAYC, BAKC and Otherside Otherdeeds. It will have a 0.75% transaction fee discount, with no cost to the DAO.

The community has voted “against” Magic Eden’s proposal to build an NFT marketplace for the ApeCoin community. In fact, 85% of users have voted against the proposal, receiving 99K APE. While almost 15% have voted for the proposal, and have received 17K APE. Therefore, it indicates that society is against the proposal.

Meanwhile, Snag Solutions’ “AIP-98: A Community-First ApeCoin DAO Marketplace Proposal – Brand Decision” has received a lot of attention from the community. The proposal has also received 99.73% votes in favor and 0.27% votes against the proposal. The proposal is 50% less expensive than Magic Eden’s proposal.

Proposal to finance the NFT Marketplace

The ApeCoin community is also voting on the proposal “AIP-87: NFT + IP Marketplace / Yuga Labs + Otherside Partner NFT Collections – Ecosystem Fund Allocation” from 16-22 September. The proposal aims to build a marketplace for Yuga Labs and Otherside Partner NFT collections.

The developers have already built a marketplace, apecoin.x.xyz, and are looking to add intellectual property aspects to the NFTs. The proposal received 56.66% “against” votes and 43.34% “for” votes.

The ApeCoin community will choose a proposal that benefits them, reduces fees and increases APE utility.

At the time of writing, the APE price is trading at $4.88, down almost 7% in the last 24 hours.

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by Disruptive Technologies, he has shared his knowledge of Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a significant period of time and currently covers all the latest updates and developments in the crypto industry.

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