ApeDAO Board Members On What’s Next For ApeCoin: Connecting Culture, Similar To Early Reddit Days

Benzinga

Thousands of NFT holders and investors tuned into a Twitter Spaces segment featuring the inaugural board of the ApeDAO. Here are the highlights from the event and what could be next for ApeCoin (CRYPTO: APE).

What Happened: ApeDAO launched the ApeCoin Thursday. The token will have a supply of one billion coins, with 150 million coins claimable by NFT owners of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs.

The initial ApeDAO board (Ape Foundation) is:

Alexis Ohanian: co-founder Reddit, founder Seven Seven Six

Amy Wu: head of gaming at FTX

Maaria Bajwa: principal at Sound Ventures

Yat Siu: co-founder and chairman of Animoca Brands

Dean Steinbeck: president of Horizen Labs

The Ape Foundation will serve as the legal steward of ApeCoin and administer the ApeCoin DAO decisions made by the community. The members will have an initial term of six months, with DAO members voting annually on members after this time period.

The five board members joined well-known NFT community members and RugRadio founder Farokh in Twitter Spaces, an audio platform owned …

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