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ApeCoin DAO approves proposal to fund the bored Ape Gazette

3 min readArticles

Good news for those who believe in the future of this industry and also for those who follow closely the evolutions of BAYC. The Bored Ape Gazette was just created to be a 24/7 website that will cover Otherside, but also the Mutant Ape Yacht Club (MAYC) NFTs, Meetbits, Yuga Labs, Bored Ape Kennel Club (BAKC), and NFT marketplaces with all the highlights of the ecosystem. An online financial newspaper because it will include the latest prices of the Bees and Otherdeeds in the new Metaverse, which will be exclusively linked to the project.

Members of the Apecoin Decentralized Autonomous Organization (DAO) community have approved a governance project to fund a newspaper focused on the Bored Ape Yacht Club (BAYC), known as the Bored Ape Gazette, with an investment of $150,000 for the first year. Although the Bored Ape Gazette has been in business since June 1, 2021, the site provider is committed to keeping its community more up-to-date with plans to “intensify” the spread of news about Bored Ape.

Apecoin DAO members have chosen their own news publication for the next 12 months, in order to follow the governance procedure under AIP-70. In accordance with the proposal, the operator of the news site The Bored Ape Gazette stated that its news publication has grown exponentially over the past year.

The operator of the Gazette mentioned above emphasizes that it is committed to developing a reliable source of information for this community and that it will expand its ongoing research and in-depth reporting activities throughout the development of the ecosystem. The editor at the Bored Ape Gazette predicts operating costs will reach $150,000 for the next year, with the funds going to cover everything Ape-related, increasing from one or two daily articles all the way to five.

The Bored Ape Gazette, in addition to its efforts on keeping the community informed and up-to-date, plans to conduct interviews with AIP authors and interviews with community members who will discuss specific governance proposals. Currently, Apecoin DAO’s community and governance system use the Apecoin cryptocurrency (APE), which is currently ranked 34th in market capitalization. The APE’s comprehensive market valuation is slightly higher than $2 billion.

Recently, APE has gained 44 percent against the U.S. dollar but is down 74 percent from its all-time high quote of $26.70. Similarweb’s statistical analysis shows that The Bored Ape Gazette has a global ranking of 865,175 and has recorded 52,4,000 accesses. Entries to the site are down 45.68 percent from the previous month, with the United States and Taiwan being the top geographic areas of traffic for this news site.

It is likely that—in the near future—The Bored Ape Gazette will be the information platform of reference for all members of this community, explained the AIP of The Bored Ape Gazette, adding that with the support of DAO, The Bored Ape Gazette will become the most popular news site in the community.

The Apecoin DAO Twitter account recently stated that the AIP of The Bored Ape Gazette has been approved, and thanked its community for participating in the governance process.


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